ACG Acquires 20-Aircraft Portfolio from Avolon, Expanding Global Leasing Reach
Aviation Capital Group LLC (ACG), a global aircraft asset management company, has signed a definitive agreement with Avolon Aerospace Leasing Limited to acquire a portfolio of 20 aircraft.
The deal includes 16 narrow-body and 4 wide-body aircraft. Among the narrow-body jets, 12 are next-generation models, and all four wide-body aircraft also belong to the newer, more fuel-efficient category.
The fleet has an average age of approximately 4.1 years and an average remaining lease term of about 8.4 years. These aircraft are currently operated by 17 airlines across 16 different countries. As part of this transaction, ACG will add six new airline customers to its client base.
Thomas Baker, CEO and President of ACG, stated: “These aircraft are a strong complement to our existing portfolio.” He added: “This acquisition—executed with a trusted partner like Avolon—reflects ACG’s strategic focus on growth, our commitment to investing in fuel-efficient next-generation aircraft, and our ability to transact at scale.” Baker also noted that “ACG will continue to seek scalable investment opportunities as we accelerate our growth momentum.”
From Avolon’s side, Ross O’Connor, CFO, expressed satisfaction with strengthening ties with ACG through this 20-aircraft portfolio transaction. “ACG has demonstrated its proven capability to transact at scale, and we look forward to working closely together to complete the aircraft transfers in the coming months,” said O’Connor.
This transaction allows ACG to expand its portfolio with relatively young assets tied to long-term lease agreements, while also diversifying its geographic and customer exposure.
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