Aviation Capital Group Announces Action to Repossess Nine Airbus Aircraft on Lease to Oceanair Linhas Aereas S/A (Avianca Brazil)

NEWPORT BEACH, Calif. (Dec. 12, 2018) – Aviation Capital Group LLC (“ACG”) announced today that the company has terminated the leases for, and has initiated legal action to repossess, eight Airbus A320-200s and one A319-100 aircraft currently in the possession of Ocean Linhas Aereas S/A (Avianca Brazil).    

About Aviation Capital Group

Aviation Capital Group is one of the world’s premier 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.

Investor and Media Relations: Gordon Grant +1 949 219 4664