NEWPORT BEACH, Calif. (March 4, 2019) – Aviation Capital Group LLC (ACG), a leading aircraft operating lessor, announced today that it 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%. Pacific Life will retain a controlling interest in ACG.
“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,” said Khanh T. Tran, president and CEO of ACG. “This incremental capital infusion, combined with ACG’s debt capacity, positions ACG for opportunistic growth in 2019.”
“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,” said Koichi Nakajima, Deputy President and Executive Officer of Tokyo Century.
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 December 31, 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.
About Tokyo Century Corporation
Tokyo Century is a highly specialized and unique financial services company that pioneers new business fields combining finance, services and business expertise, working alongside customers in pursuit of their growth and goals. Through its four core businesses (Equipment Leasing, Specialty Financing, Domestic Automobile Financing, and International Business) Tokyo Century seeks to provide solutions that help increase the corporate value of customers.