Aircraft operating lessor Aviation Capital Group LLC (ACG), has announced it has been mandated by AirBridgeCargo Airlines (ABC) to structure, arrange and provide a guarantee for a senior loan to finance a portion of the airline´s purchase price of one Boeing 747-8F aircraft, the company said.
The aircraft is expected to deliver to ABC in February 2019.
The ABC financing mandate was awarded to ACG in connection with ACG´s Aircraft Financing Solutions (AFS) program. The AFS program complements ACG´s operating lease business by providing customers with cost effective aircraft financing solutions.
Aviation Capital Group is one of the world´s premier full service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of September 30, 2018, which are leased to approximately 90 airlines in approximately 45 countries. ACG was founded in 1989 and is an indirect majority-owned subsidiary of Pacific Life Insurance Company.