NEWPORT BEACH, California – (BUSINESS WIRE) – Aviation Capital Group LLC (“ACG”) announced today that it has entered into an unsecured loan of $ 450 million with its parent company Tokyo Century Corporation. Tokyo Century, with the assistance of Japan Bank for International Cooperation (“JBIC”) and other Japanese financial institutions, borrowed this debt on ACG’s behalf and lent the proceeds to ACG through an intra-group loan.
“We are deeply grateful for the support JBIC and other financial institutions have provided to Tokyo Century’s overseas business growth. ACG has always focused on ensuring diversified access to finance. This loan is an important element that enables ACG and Tokyo Century to continue fulfilling our mission and business plan to support our industrial partners and customers, ”said Madhu Vijay, Executive Vice President and CFO of ACG.
About the Aviation Capital Group
Founded in 1989, Aviation Capital Group is one of the world’s leading full-service aircraft asset managers with over 450 owned, managed and committed aircraft as of August 17, 2020, leased to approximately 90 airlines in approximately 45 countries. ACG is a wholly owned subsidiary of Tokyo Century Corporation.