Aviation Capital Group (ACG), the global full-service aircraft asset manager, reported strong financial and portfolio growth in the first quarter of 2026, driven by higher revenues, increased profitability and continued investment in new technology aircraft.
For the three months ending March 31, 2026, total revenues rose 15% year-on-year to US$323 million, while pre-tax net income increased 67% to US$44 million. Cash flow from operations climbed 41% to US$175 million, reflecting the strength of the company’s operating performance. Total assets reached US$14.3 billion, supported by US$530 million invested in aircraft acquisitions during the quarter.
ACG ended the quarter with available liquidity of US$5.4 billion, positioning the business to support future growth and manage upcoming debt maturities. The company’s net debt-to-equity ratio stood at 2.1x.
The portfolio expanded to 511 owned, managed and committed aircraft. During the quarter, ACG added 11 aircraft, including ten new technology models across the Boeing 737 MAX, Airbus A320neo, A220 and A350 families. The company also sold six aircraft, two airframes and one engine, generating a net gain of US$38.7 million.
ACG further strengthened its order book by finalising an agreement for 50 Boeing 737 MAX aircraft, comprising 25 737-8 and 25 737-10 variants scheduled for delivery in 2032 and 2033, while also signing definitive agreements to acquire a 23-aircraft portfolio.
As of March 31, 2026, the weighted average age of ACG’s owned portfolio was 5.3 years, with a weighted average remaining lease term of 7.1 years.
