ACG signs lease agreement with EL AL Israel Airlines 4 Boeing aircraft

Aviation Capital Group LLC (ACG) has signed long-term lease agreements with EL AL Israel Airlines for two new B787-9s aircraft from ACG´s order book commitment with Boeing (NYSE: BA) and two new B787-8s on a sale and lease-back agreement, the company said.

The first aircraft is expected to be delivered in February 2018.

The 787 Dreamliner is creating opportunities for airlines and improving the air travel experience.

The 787´s fuel efficiency and range flexibility enables carriers to profitably open new routes as well as optimize fleet and network performance.

ACG is a full service aircraft asset manager with approximately 413 owned, managed, and committed aircraft, which are leased to approximately 100 airlines in roughly 45 countries.

ACG, founded in 1989, is an indirect wholly owned subsidiary of Pacific Life Insurance Company.