NEWPORT BEACH, Calif. (December 11, 2017) – Aviation Capital Group LLC (ACG) announced today that its parent company, Pacific Life Insurance Company, has closed a transaction with Tokyo Century Corporation (TC) that results in an investment by TC for a 20 percent membership interest in ACG.
In addition to this initial investment, TC has agreed to provide additional capital to ACG to help accelerate ACG’s business expansion and create incremental business opportunities. Pacific Life will retain a controlling interest in ACG.
“We are excited to have an ideal, informed, institutional investor in Tokyo Century as a new minority shareholder in ACG, and for Tokyo Century to provide equity capital for ACG to draw upon as needed and to open new business opportunities for us in support of our strategy for growth at a reasonable price,” said Khanh T. Tran, ACG's CEO.
TC is publicly-held and listed on the Tokyo Stock Exchange. Its core lines of business include equipment leasing, specialty financing, domestic automobile financing, and international business with a global network in 37 countries. TC’s aircraft financing operation currently owns 48 aircraft. More information can be found at: www.tokyocentury.co.jp/en/.