Hong Kong Aviation Capital (HKAC), a fast growing aircraft leasing company based in Hong Kong, has signed a Memorandum of Understanding (MoU) with Airbus for the purchase of 40 A320neo and 20 A321neo aircraft. The agreement was signed at the Paris Air Show by Donal Boylan, CEO of HKAC and John Leahy, Airbus Chief Operating Officer, Customers.
“All of our business over the last two years has been sale and lease backs of Airbus A320 and A330 aircraft. We are proud to now extend this relationship directly with Airbus, and in particular to participate in the already proven success of the A320 NEO order book. This is our first direct order with any aircraft manufacturer and our first commitment for the A320 NEO” said Donal Boylan, CEO of HKAC.
“We are delighted to have HKAC as our new customer for the NEO, the world’s best selling single-aisle aircraft. This demonstrates the continuing confidence of the market in Airbus’ modern, fuel efficient aircraft which brings benefits to our customers in terms of profitability,” said John Leahy, Airbus Chief Operating Officer, Customers. “We hope to grow our long term partnership with HKAC in the future.”
HKAC is a Hong Kong based lessor which currently has a portfolio of over 50 Airbus aircraft. It has provided financing leasing services to several airlines in Asia and worldwide. It’s the first time for HKAC to directly place orders with any aircraft manufacturer.
The A320neo incorporates new more fuel efficient engines and large "Sharklet" wing tip devices, which together deliver up to 15 percent in fuel savings.