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.
- 10:59 Espace Air Passion remet en vol un Fauvel AV-22s
- 10:36 Elixir Aircraft reçoit un prêt de la société Total Energies
- 10:09 Silk Way West Airlines signe une commande pour des Airbus A350F
- 09:56 Qatar Airways et Airlink signent un accord de partage de codes
- 09:46 Transavia France opère un vol avec 30% de carburant d’aviation durable
- 09:38 Chypre commande six H145M pour sa garde nationale
- 09:24 Air Austral propose des vols vers la Thaïlande toute l'année
- 09:18 L'aéroport de Toulouse-Francazal fête ses 10 ans
- 25/06 Premier vol d'un hélicoptère propulsé uniquement par du carburant durable
- 25/06 L’Espagne commande 20 Eurofighter
- 25/06 Premier vol d'un ATR avec 100 % de carburant durable
- 25/06 Transavia renforce son programme de vols vers l’Algérie
- 25/06 French bee lance sa ligne entre Paris et Miami
- 24/06Le régiment de Chasse 2/30 Normandie-Niémen fête ses 80 ans
- 22/06 MULM 2022 : Informations pratiques et billetterie
- 22/06 Premier saut en wingsuit depuis un avion électrique et solaire
- 21/06 L'Airbus A321XLR décolle pour la première fois
- 21/06 Nice Côte d’Azur se connecte à Abou Dhabi
- 21/06 Air Austral annonce le départ de son PDG
- 21/06 Expliseat annonce la signature de 3 contrats.