Aviation Capital Group LLC (ACG) has signed a definitive agreement with Avolon Aerospace Leasing (Avolon) to acquire a portfolio of 20 aircraft. The deal comprises 16 narrow-body and four wide-body aircraft, with a strong emphasis on new-technology types—12 of the narrow-body and all of the wide-body aircraft fall into this category.
The portfolio being acquired is relatively young, with an average age of approximately 4.1 years and an average remaining lease term of about 8.4 years. The aircraft are currently leased to 17 airlines across 16 countries, including six new airline customers for ACG, signalling continued global expansion and diversification of its client base.
Thomas Baker, ACG's CEO and President, highlighted that the acquisition aligns with the company's strategic growth focus and underlines its commitment to investing in fuel-efficient, next-generation aircraft. He also emphasised ACG's ongoing interest in large-scale investment opportunities that support its momentum in scaling operations.
Ross O'Connor, Chief Financial Officer of Avolon, commented that the transaction further strengthens the partnership between the two firms. He acknowledged ACG's ability to execute large-scale transactions and expressed confidence in the smooth transfer of aircraft in the months ahead.
Founded in 1989, ACG is a wholly owned subsidiary of Tokyo Century Corporation and manages a fleet of over 500 owned, managed and committed aircraft. The company leases to approximately 85 airlines in around 45 countries and offers a comprehensive range of services, including commercial aircraft leasing, asset management and financing solutions for third parties.
