Le Lézard
Classified in: Transportation, Business
Subjects: TNM, OTC

Aviation Capital Group Announces Mid-life Aircraft Portfolio Sale


NEWPORT BEACH, California, January 10, 2017 /PRNewswire/ --

Aviation Capital Group ("ACG"), the commercial aircraft leasing subsidiary of Pacific Life Insurance Company, has announced the sale of a portfolio of aircraft to a financial investor. The mid-life portfolio consists of in-production A320 and B737 family aircraft. The aircraft are on lease to a globally diverse group of airlines. R.W. Pressprich & Co. acted as the special seller advisor and exclusive placement agent of the equity for this transaction.

"We are very pleased to announce this portfolio sale," said Andy Mansell, ACG executive vice president, global head of marketing and trading. "ACG works with many aircraft investors and is an active buyer and seller of aircraft."

Steve Welo, managing director at R.W. Pressprich stated: "We are very pleased to have advised and placed the equity for ACG on this transaction. Our creative approach provided a way for ACG to leverage its global operating lease and asset management platform on behalf of financial investors in this sector."

About Aviation Capital Group 

Aviation Capital Group is one of the world's premier full service aircraft asset managers with approximately 415 owned, managed and committed aircraft, which are leased to approximately 90 airlines in approximately 40 countries. ACG was founded in 1989 and is a wholly owned subsidiary of Pacific Life Insurance Company.

About R.W. Pressprich & Co 

R.W. Pressprich & Co. is an institutional broker/dealer established in 1909 and headquartered in New York City. As a FINRA member firm with branch offices in Boston, Chicago, and Minneapolis, Pressprich provides a research-oriented approach for institutional investors. The Pressprich Aviation Finance team, based in Minneapolis, leverages an institutional sales force of 50 specialists with a network of relationships covering North America, Europe and Asia.

Gordon Grant
Media Relations
+1-949-219-4664
[email protected]

SOURCE Aviation Capital Group


These press releases may also interest you

at 16:14
ECC VENTURES 6 CORP. ANNOUNCES NEW DIRECTOR
ECC Ventures 6 Corp. (the "Company" ) is pleased to announce that Scott Ackerman has been appointed as a director of the Company, replacing Nathan Durno, who has resigned as a director of the Company. In addition, an aggregate of 1,800,000...

at 15:30
Roblox Corporation Sued for Securities Law Violations - Contact the Rosen Law Firm before August 12, 2024 to Discuss Your Rights - RBLX
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Roblox Corporation between November 15, 2023 and May 8, 2024, both dates inclusive (the "Class Period"), of the important August 12, 2024 lead plaintiff...

at 14:50
AESO Board Announcement: Leadership Transition and Departure of Michael Law
The Alberta Electric System Operator (AESO) Board announced today that Michael Law, President and Chief Executive Officer, will leave the organization, effective August 1, 2024. Law first joined the AESO in 2009 as Vice-President, Operations and was...

at 14:19
Hamilton ETFs Opens the Market
Jennifer Mersereau, Senior Partner, Co-Founder & COO, Hamilton ETFs, Patrick Sommerville, Senior Partner, Head of Business Development, Hamilton ETFs, and their team joined Keith Wu, Head, Exchange Traded Products, Toronto Stock Exchange , to open...

at 14:03
Maximizing Efficiency and Innovation in Food & Beverage Manufacturing Through Exponential IT Transformation: New Research From Info-Tech Research Group
New research insights from Info-Tech Tech Research Group will equip food and beverage manufacturers with essential strategies for embracing digital transformation. The global research and advisory firm explains that the industry can significantly...

at 13:50
Canadian General Investments: Investment Update - Unaudited
Canadian General Investments, Limited (CGI)  (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at June 30, 2024 was $62.50, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 13.3% and...

More news about Business...


News published on and distributed by: