Tokyo Century acquires remaining stake in ACG

victoria@aviationnews-online.com
By victoria@aviationnews-online.com December 6, 2019 10:47

Tokyo Century acquires remaining stake in ACG

Aircraft asset manager Aviation Capital Group (ACG) has announced that Tokyo Century Corporation has acquired the remaining interest in ACG.

In 2017, Tokyo Century acquired a 20% membership interest in ACG, and later expanded ownership to 24.5%. The completion of this transaction, first announced on September 9, 2019, results in Tokyo Century now owning 100% of ACG.

Khanh T. Tran, ACG’s CEO, said: “On behalf of everyone at ACG, we are all elated, energized and empowered that we are entrusted by Tokyo Century as their aviation platform.”

victoria@aviationnews-online.com
By victoria@aviationnews-online.com December 6, 2019 10:47