Japanese trading company ITOCHU Corporation (ITOCHU) has completed its investment in Aviation Capital Group (ACG), acquiring a 50% equity interest in TC Skyward Aviation U.S. (SKY-U), following receipt of all necessary regulatory approvals.
The transaction, announced on August 3, 2026, involved the acquisition of half of SKY-U, which was previously wholly owned by Tokyo Century Corporation (Tokyo Century). Following completion, ITOCHU and Tokyo Century have moved to a joint management structure for ACG.
ITOCHU views aviation-related businesses as a growth area, citing expectations of medium- to long-term growth in global passenger demand.
Through its investment and partnership with Tokyo Century, the company intends to position ACG as the core platform for its aviation activities, support the lessor’s long-term growth and pursue opportunities to expand both groups’ existing businesses and develop new ones.
