Dépêches
Aviation Capital Group Announces 2010 Recap
Dépèche transmise le 25 janvier 2011 par Business Wire
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aviation Capital Group (ACG) today highlighted its 2010 activities.
“Shifting to unsecured borrowings allows us to improve financial flexibility and have substantially greater flexibility in deploying our aircraft, which better serves our customers.”
ACG’s portfolio activity consisted of 66 lease and sale transactions during the year and 14 aircraft purchases (including orders).
In December ACG launched its operational office in Singapore where it has already transferred 15 aircraft and plans to grow its portfolio and staff.
“Singapore already has a robust aviation sector and provides ACG with a pro-business regulatory environment, attractive tax rates, and a highly educated workforce. Increasing our presence in Asia is essential to our goals of expanding our portfolio and our ability to provide timely and region specific services to our customers,” said Group Managing Director and CEO R. Stephen Hannahs.
In addition, during 2010 ACG successfully raised more than $1 billion dollars of senior unsecured debt.
“A key element of ACG’s financial philosophy is the strategic decision to shift from secured financings, such as aircraft-backed securitizations and secured warehouse bank debt, to corporate unsecured borrowings,” Hannahs said. “Shifting to unsecured borrowings allows us to improve financial flexibility and have substantially greater flexibility in deploying our aircraft, which better serves our customers.”
ACG followed its April private placement issuance of $255 million in Unsecured Medium Term Notes with $600 million in Senior Unsecured Notes issued in the capital markets under Rule 144a.
ACG has sourced approximately $2.8 billion since the beginning of the financial crisis, reflecting ACG’s ability to access capital during an extremely challenging capital environment.
About Aviation Capital Group:
ACG is the owner and manager of a diversified fleet of commercial jet aircraft leased to the world’s leading airlines. Its portfolio includes more than 240 aircraft leased to 92 airlines in 36 countries. ACG’s Capital Markets Group also provides asset management and remarketing services to aircraft investors and institutional clients. ACG was founded in 1989 and is a wholly-owned subsidiary of Pacific Life Insurance Company, a Pacific LifeCorp company.
- 18:44 KLM reçoit son premier Embraer 195-E2
- 24/02 Embraer livre le premier Praetor 500 brésilien
- 24/02 Qatar Airways va offrir une technologie de divertissement en vol sans contact
- 24/02Et si je devenais pilote d'ULM !
- 23/02 JMB Aircraft abaisse la vitesse maximale à ne pas franchir de certains VL3
- 23/02 Air Caraïbes et French bee déploient le certificat digital sanitaire
- 23/02 Korean Air annonce un bénéfice pour l'année 2020
- 19/02 Air Côte d'Ivoire reçoit son premier Airbus A320neo
- 19/02 Cathay Pacific prolonge le statut des membres du Marco Polo Club
- 19/02 Edelweiss s'envole pour la Jamaïque
- 19/02 Air Tahiti Nui : ses vins récompensés
- 19/02 Shell choisit l'Airbus H160
- 18/02 Airbus publie ses résultats annuels pour l'année 2020
- 18/02 De Havilland Canada suspend la production du Dash 8
- 18/02 Air Canada présente un A220 avec une livrée spéciale (photos)
- 17/02 Le premier Boeing KC-46 Tanker japonais effectue son premier vol
- 17/02Boeing 737 Max : reprise des vols commerciaux par TUI
- 16/02 La FFPLUM mobilisée face aux inondations
- 16/02 Emirates SkyCargo va collaborer avec l'UNICEF
- 15/02 Embraer : livraisons de l'année 2020