December 12, 2017
Tokyo Century Corporation to invest in Aviation Capital Group
Aviation Capital Group (ACG) has announced that its parent company, Pacific Life Insurance Company, has closed a transaction with Tokyo Century Corporation (TC) that results in an investment by TC for a 20% membership interest in ACG. In addition to this initial investment, TC has agreed to provide additional capital to ACG to help accelerate ACG’s business expansion and create incremental business opportunities. Pacific Life will retain a controlling interest in ACG.
TC is publicly-held and listed on the Tokyo Stock Exchange. Its core lines of business include equipment leasing, specialty financing, domestic automobile financing, and international business with a global network in 37 countries. TC’s aircraft financing operation currently owns 48 aircraft.