Tokyo Century Acquires Aviation Capital Group

The Pacific Life Insurance Company will sell its remaining stake in the Aviation Capital Group (ACG) to Tokyo Century Corporation. At present, Tokyo Century already owns 24.5% of ACG. The deal will close by the end of 2019.

ACG is based in Newport Beach, California. Its fleet includes about 500 owned, managed, or committed aircraft. The firm’s customers span 90 operators in 45 nations.

Source: ACG