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Aviation Capital Group Announces Delivery of Its First Airbus A321LR Aircraft to Arkia Israeli Airlines

December 19, 2018

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Dec 19, 2018--Aviation Capital Group LLC (“ACG”) announced today that it has delivered its first Airbus A321LR (long-range) aircraft to Arkia Israeli Airlines. The aircraft is on a long-term lease to Arkia and is the first aircraft to be leased by Arkia from ACG.

“We are extremely excited to deliver our first A321LR to Arkia Israeli Airlines,” said Khanh T. Tran, president and CEO of ACG. “We look forward to Arkia operating this highly fuel-efficient aircraft in their growing route network.”

“We are delighted to add a second A321LR to our fleet which will allow us to continue offering our customers a great airplane and the best service and comfort they can get. We are also proud to receive our first aircraft from ACG,” said Nir Dagan, president and CEO of Arkia Israeli Airlines.

About Aviation Capital Group

Aviation Capital Group is one of the world’s premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of September 30, 2018, which are leased to approximately 90 airlines in approximately 45 countries. ACG was founded in 1989 and is an indirect majority-owned subsidiary of Pacific Life Insurance Company.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181219005877/en/

CONTACT: Gordon Grant

Investor and Media Relations

+ 1 949 219 4664

gordon.grant@aviationcapital.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA MIDDLE EAST ISRAEL

INDUSTRY KEYWORD: TRANSPORTATION INSURANCE TRAVEL PROFESSIONAL SERVICES AIR TRANSPORT

SOURCE: Aviation Capital Group LLC

Copyright Business Wire 2018.

PUB: 12/19/2018 06:01 PM/DISC: 12/19/2018 06:02 PM

http://www.businesswire.com/news/home/20181219005877/en

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