Paris, France - Danish lessor Nordic Aviation Capital (NAC) has signed a Memorandum of Understanding (MoU) with the European aircraft manufacturer for 20 A220 Family jet.
The Memorandum of Understanding was signed at the Paris Air Show between NAC's Chairman Martin Møller and Airbus's Chief Commercial Officer Christian Scherer.
The NAC's order represents the first large-scale order from a leasing company. NAC is one of the largest regional aircraft lessors in the world, serving around 76 airlines in 51 countries.
The A220, formerly the Bombardier CSeries, is an ideal jet for airlines to expand their regional networks with a seating capacity of 100 to 150 passengers.
Last year in July, Airbus took over the majority stake (80%) of the Bombardier's CSeries program and re-branded it as the A220.
Thanks to its improved aerodynamics, advanced composite materials used in the airframe construction, and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines, the aircraft provides 20% lower fuel consumption per seat compared to previous generation aircraft.