Aviation Capital Group LLC (“ACG”), a leading aircraft asset manager, announced the delivery of one new Airbus A321neo aircraft on long-term lease to Mexican carrier Viva Aerobus.
This aircraft, powered by Pratt & Whitney engines, is the second of three A321neo aircraft to deliver to Viva Aerobus as part of a sale and leaseback transaction between ACG and the airline.
At present 'Viva Aerobus' has a fleet of 49 aircrafts that consists of four A321Neo, five Airbus A321-200, twenty Airbus A320 Neo and Nineteen Airbus A320-200 aircrafts .
Pandemic has forced the Aviation companies & airlines to sale their assets to raise the their Liquidity levels & stay afloat during the Tough time .
So, SLB transaction is an effective tool for the carriers to release their capital that is locked up as equity in, e.g. , an aircraft or other asset.
How does SLB transaction Happen ?
This practice allows airlines to unlock cash (representing the airline’s equity in the metal) while still being able to use the asset in its operations.
Aviation Capital Group was founded in 1989 and is one of the world’s premier full-service aircraft asset managers with approximately 400 owned, managed and committed aircraft as of March 31, 2021, which are leased to approximately 85 airlines in approximately 40 countries. ACG is a wholly owned subsidiary of Tokyo Century Corporation.
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