Aviation Capital Group has converted its form of entity from a Delaware corporation to a Delaware limited liability company (LLC), the group said.
Aviation Capital Group Corp. is now doing business under its updated name, Aviation Capital Group LLC (ACG), a Delaware LLC.
Khanh T. Tran, CEO of ACG, notes that “The conversion to an LLC structure increases our equity base, thereby strengthening our balance sheet and allowing us to continue to grow and execute on our business plan, while at the same time providing a more tax efficient structure for our parent, Pacific Life.
Aviation Capital Group is a full service aircraft asset manager with approximately 413 owned, managed, and committed aircraft, which are leased to roughly 100 airlines in approximately 45 countries. ACG was founded in 1989 and is a wholly owned subsidiary of Pacific Life Insurance Company.