NEWPORT BEACH, CALIFORNIAAviation Capital Group, a California-based aircraft asset manager, announced last week the delivery of one new Airbus A321neo aircraft on long-term lease to the Chinese budget carrierJuneyao Airlines.

The aircraft, featuring Pratt & Whitney PW1100G-JM engines, is the first A321neo that ACG has delivered to Juneyao Airlines and the fourth aircraft ACG has on lease with the airline.

“ACG is delighted to deliver this aircraft to Juneyao Airlines and to play a significant role in the growth of this important airline customer,” said Tom Baker, CEO, and president of ACG.