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Wednesday, Mar 25, 2026
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Aviation Capital Closes $1B Offering

Newport Beach-based Aviation Capital Group LLC, one of the world’s largest leasers of jets to commercial airlines, announced today the closing of its sale of $1 billion aggregate principal amount of 5.500% senior unsecured notes due 2024.

ACG, a unit of Tokyo Century Corporation, intends to use the net proceeds from the notes for general corporate purposes, including repayment of outstanding indebtedness and the purchase of commercial aircraft.

Khanh T. Tran is chief executive of ACG, which reported revenue of $1.1 billion in 2019, ranking it No. 19 on the Business Journal’s annual list of the county’s largest private companies.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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