Aviation Capital Group Announces Mandate to Finance One B747-8F Aircraft for AirBridgeCargo Airlines
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan 18, 2019--Aviation Capital Group LLC (“ACG”), a leading aircraft operating lessor, announced today it has been mandated by AirBridgeCargo Airlines (“ABC”) to structure, arrange, and provide a guarantee for a senior loan to finance a portion of the airline’s purchase price of one Boeing 747-8F aircraft expected to deliver to ABC in February 2019.
The ABC financing mandate was awarded to ACG in connection with ACG’s Aircraft Financing Solutions (“AFS”) program. The AFS program complements ACG’s operating lease business by providing customers with cost effective aircraft financing solutions.
“ACG is extremely pleased to have this opportunity to work with ABC. The award of a financing mandate from ABC is a notable achievement and an important milestone, as it will be the first aircraft transaction funded under the AFS program,” said Bob Roy, managing director of ACG.
“Expansion of our fleet and network is a part of our strategy and we are delighted to partner with ACG to be a part of our success. We are grateful to ACG for their support both to ABC and the 747-8 program. We are positive that this delivery will be the next step for us to enhance our quality to meet our customers’ needs,” said Tatiana Arslanova, vice-president, Strategic Management of Volga-Dnepr Group.
About Aviation Capital Group
Aviation Capital Group is one of the world’s premier full service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of September 30, 2018, which are leased to approximately 90 airlines in approximately 45 countries. ACG was founded in 1989 and is an indirect majority-owned subsidiary of Pacific Life Insurance Company.
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TRANSPORT AIR MANUFACTURING AEROSPACE PROFESSIONAL SERVICES FINANCE
SOURCE: Aviation Capital Group LLC
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PUB: 01/18/2019 10:00 AM/DISC: 01/18/2019 10:01 AM