Aviation Capital Group Announces New Aircraft Leasing Joint Venture
08-Mar-2016 Aviation Capital Group ("ACG") announced today that it has formed an aircraft leasing joint venture with Chow Tai Fook Enterprises Limited and NWS Holdings Limited for the purpose of investing in the purchasing, leasing and selling of commercial aircraft and all lines of business ancillary thereto. The joint venture will target investments in aircraft similar to aircraft types as currently comprise ACG's owned fleet. ACG will hold a 20% equity stake in the joint venture.
"We are excited to have Chow Tai Fook Enterprises Limited and NWS Holdings Limited as our partners where we can bring ACG's expertise in the global aviation leasing space to create long-term value for this joint venture," said Khanh T. Tran, Chief Executive Officer of Aviation Capital Group. "This is a continuation of ACG's history of leveraging our aviation asset management expertise and expanding our scope for the benefit of our partners, investors and airline customers."