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Equipment Finance News Aviation Capital Group gets $200m investment Published: 15th March 2019 Share Leading aircraft operating lessor Aviation Capital Group (ACG) has received an additional $200 million investment from its minority shareholder, Tokyo Century Corporation. Tokyo Century has held an investment in ACG since December 2017. With this additional investment, Tokyo Century’s ownership in ACG increases to 24.5%. ACG is an indirect majority-owned subsidiary of Pacific Life Insurance Company, which will retain a controlling interest in the company following increased stake. Khanh Tran, president and CEO of ACG (pictured), said: “We are excited about Tokyo Century’s additional $200 million investment in ACG in the form of primary equity capital, which demonstrates its continuing support for ACG and is only a portion of Tokyo Century’s capital commitment available for ACG to access. “This incremental capital infusion, combined with ACG’s debt capacity, positions ACG for opportunistic growth in 2019.” ACG is a full-service aircraft asset manager with approximately 500 owned, managed and committed aircraft, which are leased to approximately 90 airlines in 45 countries. Koichi Nakajima, deputy president and executive officer of Tokyo Century, said: “Since our initial investment, Tokyo Century has continued to be impressed with ACG’s demonstration of its strong capabilities and is delighted to make this additional equity contribution to support ACG’s growth strategies.” Pat Sweet Correspondent - Asset Finance Connect Sign up to our newsletter Featured Stories Corporate Member NewsGrenke partners with IUI Global to strengthen service offerings NewsTransport UK London Bus expands electric fleet NewsPACCAR reports strong Q3 revenues and profits Equipment Finance
