NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aviation Capital Group (“ACG”) announced today that Standard & Poor’s Ratings Services revised its outlook on ACG to positive from stable, and affirmed all ratings, including the ‘BBB-’ corporate credit rating. Standard & Poor’s highlighted in its press release that the positive outlook reflects Aviation Capital’s strong earnings and improved credit metrics and the expectation that this trend will continue.
“We are very pleased to see the recognition of the strength in ACG’s business model and in the execution of our strategy,” said Madhu Vijay, executive vice president and chief financial officer. “We maintain a disciplined approach to investing in and managing aircraft assets through multiple business cycles. The continued improvement in our operating and credit metrics underscores the impact to the business of our focus on long-term returns,” he added.
About Aviation Capital Group
Aviation Capital Group is one of the world’s leading aircraft leasing companies with an owned, managed and committed fleet of over 390 aircraft. ACG leases to approximately 100 airlines in over 45 countries. ACG was founded in 1989 and is a wholly owned subsidiary of Pacific Life Insurance Company.