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Sunday, Aug 14, 2022
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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
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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