NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aviation Capital Group LLC (“ACG”) announced today that Fitch Ratings Services raised its rating on ACG to ‘BBB+’ from ‘BBB’. The rating outlook is positive.
“ACG continues to cement its leading position as a premier global lessor with the lowest leverage, highest rated and most stable platform in our space. This upgraded rating and positive outlook by Fitch is a further recognition of our financial strength,” said Khanh T. Tran, president and CEO of ACG.
About Aviation Capital Group
Aviation Capital Group is one of the world’s premier full service aircraft asset managers with 465 owned, managed and committed aircraft as of March 31, 2018, which are leased to approximately 95 airlines in approximately 45 countries. ACG was founded in 1989 and is an indirect majority-owned subsidiary of Pacific Life Insurance Company.