Newport Beach, Calif. (January 25, 2016) - Aviation Capital Group ("ACG") announced today that it has redeemed in full all classes of its $1.86 billion asset backed securitization issued in 2005.
"ACG Trust III is the largest Aircraft ABS issued by the company in its history. We are very pleased to be redeeming all the notes in full and unencumbering a substantial pool of assets. This continues the company's record of significant accomplishments in transforming our capital structure while strengthening and improving the flexibility of our balance sheet," said Madhu Vijay, executive vice president and chief financial officer of ACG.
About Aviation Capital Group
Aviation Capital Group is one of the world’s premier full service aircraft asset managers with over 390 owned, managed and committed aircraft, which are leased to approximately 100 airlines in over 45 countries. ACG was founded in 1989 and is a wholly owned subsidiary of Pacific Life Insurance Company.