Aviation Capital Group Takes Delivery of its Second Boeing 787 Dreamliner

NEWPORT BEACH, Calif.--()--Aviation Capital Group LLC (“ACG”) announced today it has taken delivery of its second Boeing 787 Dreamliner in Everett, Washington. The aircraft, a Boeing 787-9, is on a long-term lease to LOT Polish Airlines, and is the first of three Boeing 787-9’s to be delivered from ACG’s orderbook and leased to LOT Polish Airlines. The remaining two aircraft are scheduled to deliver to LOT in April 2018 and February 2019.

ACG is delighted to deliver the first 787-9 Dreamliner for entry into service with LOT Polish Airlines, one of the premier international airlines in Europe. We appreciate the opportunity to work with Rafał Milczarski, LOT’s CEO, in expanding the airline’s fleet to this larger Dreamliner variant. We wish the airline continued success and look forward to further supporting LOT’s fleet expansion plans,” said Khanh T. Tran, CEO of ACG.

LOT is the first airline in Europe whose long-haul fleet consists only of Dreamliners. They are still considered to be the most state-of-the-art aircraft in the world offering unparalleled travel experience in its class. Dreamliner is the driver of even faster growth of LOT, in that way making us even a more competitive, modern and environmentally-friendly. I am convinced that the B787-9s will open a new chapter in our history, significantly increasing the number of seats on the existing, most popular routes. Boeing 787-9 will be perfect for our flagship flights to Chicago, New York or selected Asian destinations and will enable us to launch completely new routes as well. Investments in our fleet allow us to grow and gain the leading position on the market in the Central and Eastern Europe in real terms,” said the new CEO of LOT, Rafał Milczarski.

We are pleased the Aviation Capital Group purchase of the 787 Dreamliner will further enable its success as a leading lessor,” said Jeremy Griffin, senior vice president, Global Leasing Sales, Boeing Commercial Airplanes. “As the preferred choice of airlines globally, the 787 provides superior capability and efficiency for network profitability. These advantages result in the asset versatility lessors require for long term value.”

About Aviation Capital Group

Aviation Capital Group is one of the world’s premier full service aircraft asset managers with 439 owned, managed and committed aircraft as of December 31, 2017, which are leased to approximately 95 airlines in approximately 45 countries. ACG was founded in 1989 and is an indirect majority-owned subsidiary of Pacific Life Insurance Company.

Contacts

Aviation Capital Group LLC
Gordon Grant
Investor and Media Relations
+ 1 949 219 4664
gordon.grant@aviationcapital.com

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