Aviation Capital Group LLC (ACG) has announced that its parent company, Pacific Life Insurance company, has closed a transaction with Tokyo Century Corporation (TC) that results in an investment by TC for a 20 percent membership interest in ACG, the company said.
In addition to this initial investment, TC has agreed to provide additional capital to ACG to help accelerate ACG´s business expansion and create incremental business opportunities. Pacific Life will retain a controlling interest in ACG.
TC is publicly held and listed on the Tokyo Stock Exchange. Its core lines of business include equipment leasing, specialty financing, domestic automobile financing, and international business with a global network in 37 countries. TC´s aircraft financing operation currently owns 48 aircraft. More information can be found at: www.tokyocentury.co.jp/en/.
Aviation Capital Group is one of the world´s premier full service aircraft asset managers with 435 owned, managed and committed aircraft as of September 30, 2017, which are leased to approximately 95 airlines in approximately 40 countries. ACG was founded in 1989 and is an indirect majority-owned subsidiary of Pacific Life Insurance company.