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.
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.
Source Airbus / Edited By Airline Adviser 06/24/13