Aviation Capital Group Announces Additional $200 Million Investment from Tokyo Century Corporation

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Aviation Capital Group LLC (ACG), a leading aircraft operating lessor,
announced today that it has received an additional $200 million
investment from its minority shareholder, Tokyo Century Corporation.

Tokyo Century has held an investment in ACG since December 2017. With
this additional investment, Tokyo Century’s ownership in ACG increases
to 24.5%. Pacific Life will retain a controlling interest in ACG.

We are excited about Tokyo Century’s additional $200 million investment
in ACG in the form of primary equity capital, which demonstrates its
continuing support for ACG and is only a portion of Tokyo Century’s
capital commitment available for ACG to access,” said Khanh T. Tran,
president and CEO of ACG. “This incremental capital infusion, combined
with ACG’s debt capacity, positions ACG for opportunistic growth in
2019.”

Since our initial investment, Tokyo Century has continued to be
impressed with ACG’s demonstration of its strong capabilities and is
delighted to make this additional equity contribution to support ACG’s
growth strategies,” said Koichi Nakajima, Deputy President and Executive
Officer of Tokyo Century.

About Aviation Capital Group

Aviation Capital Group is one of the world’s premier full-service
aircraft asset managers with approximately 500 owned, managed and
committed aircraft as of December 31, 2018, which are leased to
approximately 90 airlines in approximately 45 countries. ACG was founded
in 1989 and is an indirect majority-owned subsidiary of Pacific Life
Insurance Company.

About Tokyo Century Corporation

Tokyo
Century
 is a highly specialized and unique financial services
company that pioneers new business fields combining finance, services
and business expertise, working alongside customers in pursuit of their
growth and goals. Through its four core businesses (Equipment Leasing,
Specialty Financing, Domestic Automobile Financing, and International
Business) Tokyo
Century
 seeks to provide solutions that help increase the corporate
value of customers.

Contacts

Gordon Grant
Investor and Media Relations
+ 1 949 219 4664
gordon.grant@aviationcapital.com

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