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Aviation Capital Group Finalizes Order for 14 Next-Generation Boeing 737s

Search ASIA Travel Tips .com Wednesday, 19 July 2006

Aviation Capital Group (ACG), a wholly-owned subsidiary of Pacific LifeCorp, has placed an order for 14 Boeing Next-Generation 737-800s worth approximately $987 million at list prices. Subject to market demand, ACG has the right at a future date to substitute 737-700s for these 737-800s.

ACG has also acquired three 737-700s and three 737-800s from Aeromexico that it will lease back to the carrier. ACG will begin taking delivery of these aircraft, originally ordered by Aeromexico, later this year.

"We have been very successful in placing 737s with airline customers and we look forward to building on our past performance this success with these new 737s," said Stephen Hannahs, group managing director, CEO and co-founder of ACG. "The Next-Generation 737s support our strategy of adding the latest technology, fuel-efficient and cost-effective aircraft to our portfolio."

ACG acts as the owner/lessor and portfolio manager of commercial jet aircraft leased to the world's leading airlines. One of the top five aircraft leasing enterprises in the world, ACG's aircraft portfolio includes 209 commercial jet aircraft leased to 89 airlines in 41 countries. ACG is headquartered in Newport Beach, Calif., and has offices in Seattle, Stamford, Conn., London and Santiago, Chile.

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