Tokyo Century entered into an agreement with Pacific Life Insurance that resulted in an investment of a 20% membership interest in Aviation Capital Group.

In addition to this initial investment, TC agreed to provide additional capital to ACG to help accelerate the company’s business expansion and create incremental business opportunities. Pacific Life will retain a controlling interest in ACG.

“We are very happy to add an experienced investor in Tokyo Century as a minority shareholder who recognizes the value of the ACG platform and is committed to ACG’s growth,” said Khanh T. Tran, ACG’s CEO.

The transaction is expected to close in Q4/17.

TC is publicly-held and listed on the Tokyo Stock Exchange. Its core lines of business include equipment leasing, specialty financing, domestic automobile financing and international business with a global network in 37 countries. TC’s aircraft financing operation currently owns 48 aircraft.

ACG is an aircraft asset manager with 441 owned, managed and committed aircraft as of June 30, 2017, which are leased to approximately 95 airlines in approximately 40 countries. ACG was founded in 1989 and is an indirect wholly-owned subsidiary of Pacific Life Insurance.