Aviation Capital sells portfolio

Aviation Capital Group (ACG), the commercial aircraft leasing subsidiary of Pacific Life Insurance Company, has announced the sale of a portfolio of aircraft to a financial investor.

The mid-life portfolio consists of in-production A320 and B737 family aircraft. The aircraft are on lease to a globally diverse group of airlines.

“We are very pleased to announce this portfolio sale,” said Andy Mansell, ACG executive vice president, global head of marketing and trading. “ACG works with many aircraft investors and is an active buyer and seller of aircraft.”

ACG is a leading full service aircraft asset managers with approximately 415 owned, managed and committed aircraft, which are leased to approximately 90 airlines in approximately 40 countries. Founded in 1989, the company is a wholly owned subsidiary of Pacific Life Insurance Company.