Aviation Capital Group Announces Delivery of One A320neo to Spirit Airlines

Aviation Capital Group LLC ("ACG") announced the delivery of one new Airbus A320neo aircraft on long-term lease to Spirit Airlines. Powered by the ultra-efficient Pratt & Whitney GTF engines, this is the first of four aircraft scheduled to deliver to the airline from ACG's order book with Airbus. This is ACG's first aircraft delivery from Airbus' facility in Mobile, Alabama.

"We are thrilled to be delivering our first new Airbus A320neo aircraft to Spirit Airlines, which also marks ACG's first aircraft delivery from Mobile, Alabama," said Alan Mangels, Vice President of Marketing for ACG. "We are also proud to partner with Spirit Airlines in working towards a cleaner and more sustainable future by investing in fuel-efficient, new technology aircraft that produce lower emissions, use less fuel and create less environmental noise."

Forward Looking Statements

This press release contains forward-looking statements within the meaning of applicable federal securities laws. Any such statements, other than statements of historical fact, are based upon ACG's current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, such statements are not guarantees or assurances of any aspect of future performance. Such statements speak only as of the time when made, and ACG undertakes no obligation to update any such statement unless required by law.

About Aviation Capital Group

Aviation Capital Group was founded in 1989 and is one of the world's premier full-service aircraft asset managers with approximately 470 owned, managed and committed aircraft as of December 31, 2022, which are leased to approximately 95 airlines in approximately 45 countries. ACG is a wholly owned subsidiary of Tokyo Century Corporation.