NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aviation Capital Group LLC (ACG), a leading aircraft asset manager, announced today that Tokyo Century Corporation (Tokyo Century) has acquired the remaining interest in ACG.
In 2017, Tokyo Century acquired a 20% membership interest in ACG, and later expanded ownership to 24.5%. The completion of this transaction, first announced on September 9, 2019, results in Tokyo Century now owning 100% of ACG.
“On behalf of everyone at ACG, we are all elated, energized and empowered that we are entrusted by Tokyo Century as their aviation platform,” said Khanh T. Tran, ACG's CEO.
About Aviation Capital Group
Aviation Capital Group was founded in 1989 and is one of the world’s premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of September 30, 2019, which are leased to approximately 90 airlines in approximately 45 countries.
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, Mobility and Fleet Management, Specialty Financing and International Business) Tokyo Century seeks to provide solutions that help increase the corporate value of customers. More information can be found at: www.tokyocentury.co.jp/en/.