Aircraft operating lessor Aviation Capital Group LLC (ACG) has announced it has been mandated by Turkish Airlines (THY) to structure, arrange and provide a guarantee for senior loans to finance a portion of the purchase price of two (2) Boeing 787-9 aircraft, the company said.
The aircraft are expected to deliver to THY in July 2019.
The THY 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. Among operating lessors, ACG believes that it has created a unique aircraft financing program.
Aviation Capital Group is a 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.