Aviation Capital Group has acquired a portfolio of Airbus A320neo aircraft from funds managed by Air Lease Corporation (ALC). The portfolio comprises five aircraft, each of which is on lease to Spirit Airlines. The acquisition of these aircraft, which are powered by Pratt & Whitney GTF engines, complements ACG’s deliveries to Spirit Airlines from ACG’s orderbook with Airbus. “We are pleased to announce this sale to ACG of five Airbus A320neo aircraft owned by funds that are exclusively managed by ALC,” said David Beker, Senior Vice President, Marketing and Head of Aircraft Sales & Trading, Air Lease Corporation. “We appreciate

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