NEWPORT BEACH, CALIFORNIACalifornia-based aircraft leasing and asset management company Aviation Capital Group LLC (“ACG”) delivered a new Airbus A320neo aircraft on long-term lease to the Chinese regional operator Colorful Guizhou Airlines.

This is ACG’s first aircraft delivery to Colorful Guizhou Airlines and the first of three A320neo family aircraft scheduled to deliver to the Chinese carrier from ACG’s order book with Airbus.

“We are proud to welcome Colorful Guizhou Airlines as a new ACG customer,” said Tom Baker, CEO, and president of ACG. “We look forward to the airline operating this modern, fuel-efficient aircraft and we wish the team at Colorful every success with their fleet expansion plans.”

“This is our fifth A320neo aircraft to be added to our fleet at Colorful Guizhou Airlines, which manifests the strategic cooperation between Colorful Guizhou Airlines and ACG. We look forward to deepening the mutually beneficial partnership with ACG to help with our fleet expansion plan,” said Fanyu Liu, CEO, and president of Colorful Guizhou Airlines. “The A320neo offers our passengers an enhanced travel experience, is economical, and offers significant environmental performance.”