CEO Donal Boylan commented, We are pleased to have finalised the order for 70 A320neo Family aircraft with Airbus.
HKAC is closing the purchase of the aircraft with financial support from Chinese banking and financial institutions.
Upon delivery HKAC will have a total of ten A320s on lease to IndiGo.
The green credentials of the NEO is one of the key factors for us to choose the aircraft and through reduced fuel burn and emissions, HKAC will enable its airline clients to reduce operating cost while improving their environment impact, said Donal Boylan, CEO of HKAC.
HKAC currently has a portfolio of over 50 single and twin aisle Airbus aircraft.
The agreement was signed at the Paris Air Show by Donal Boylan, CEO of HKAC and John Leahy, Airbus Chief Operating Officer, Customers.
This is our first direct order with any aircraft manufacturer and our first commitment for the A320 NEO said Donal Boylan, CEO of HKAC.
Additionally, the company said that it presently trades on the OTC Bulletin Board and once trading starts on Nasdaq, it will be under the same symbols HKAC
, HKACU and HKACW respectively and will stop being listed on OTC.