ITOCHU to Join ACG Ownership in US$1.95bn Deal

ITOCHU Corporation is set to become a significant owner of Aviation Capital Group (ACG) through a substantial investment, totaling approximately US$1.95 billion. This acquisition involves acquiring a 50% equity interest in TC Skyward Aviation U.S., Inc., which is a wholly owned subsidiary of Tokyo Century. The deal establishes a new joint management structure for ACG, solidifying Tokyo Century’s position as the majority stakeholder. This strategic alliance aims to leverage ITOCHU's global trading network and expertise alongside ACG’s prominent aircraft leasing operations worldwide. The transaction underscores both companies’ commitment to expanding their presence within the international aviation finance market.