Tokyo Century Corporation (TC) has agreed to purchase 20% of Aviation Capital Group (ACG). The deal was signed yesterday between TC and ACG’s parent company, Pacific Life. ACG will become an equity-method affiliate of TC following the acquisition. In a release, TC confirmed its motivation for acquiring the stake was to expand its leasing business that currently consists of 48 aircraft on its books but the company also has an aircraft parts financing and aircraft/engine debt financing business conducted jointly with GA Telesis. “Following deliberations of various options to further expand the business, TC has concluded that partnering with a

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