US-Based Lessor Expands Portfolio Across 16 Countries
Aviation Capital Group (ACG) has acquired a portfolio of 24 aircraft from Ireland’s Avolon, expanding its presence across 16 countries. The acquired aircraft, which include 18 narrowbodies and 6 widebodies, are operated by 17 different airlines, with four carriers becoming new customers of ACG. The average age of the portfolio is approximately 4.5 years, and the average remaining lease term is approximately 8.9 years. ACG’s CEO, Thomas Baker, highlighted the importance of proactive aircraft trading in the company’s growth strategy. This acquisition was reported by AeroTime.