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Tokyo Century to acquire 20% of Aviation Capital Group upon regulatory approval

( September 29, 2017, 01:11 GMT | Official Statement) -- MLex Summary: Tokyo Century, a Japanese leasing company, has agreed to acquire a 20 percent stake in Aviation Capital Group, an aircraft-leasing company based in Newport Beach, California, upon regulatory approval. Aviation Capital, a wholly owned unit of US insurer Pacific Life, leases aircraft to about 95 airline operators in some 40 countries. The Japanese company made the announcement in a statement today. The Nikkei newspaper reports that Tokyo Century will pay about $595 million for the stake. The statements, in Japanese and English, are attached. ...

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