NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aviation Capital Group (“ACG”) announced today that it has increased its senior unsecured revolving credit facility with DBS Bank Ltd. as administrative agent by $60 million to $220 million and extended the maturity to December 28, 2019. Together with its other senior unsecured revolving credit facility, ACG has $1.165 billion of revolving commitments from 21 banks globally.
“We are pleased with the continued support of our global banking partners. Our unsecured revolving credit commitments provide diversified, efficient and flexible funding to support the active management of our aircraft fleet,” said Eric Blau, vice president and treasurer 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.