Aviation Capital Group

What Aviation Capital Group does

Aviation Capital Group (ACG) is a premier global full-service aircraft lessor and asset manager that acquires, finances, leases, and trades fuel-efficient commercial aircraft, primarily Boeing 737 MAX and Airbus A320neo family narrowbodies, alongside A220, A330neo, A350, and 787 widebodies. Founded in 1989 in Newport Beach, California and wholly owned by Tokyo Century Corporation since December 2019, ACG serves approximately 90 commercial airlines across roughly 50 countries through a sales-led, enterprise-focused GTM motion delivered by regional marketing teams in EMEA, Asia & South Pacific, China, North America, and Latin America. As of March 31, 2026, ACG's owned, managed, and committed portfolio of 511 aircraft sits on a balance sheet with approximately $14.3 billion in total assets, $5.4 billion in available liquidity, and a net debt-to-equity ratio of 2.1x.

The company's core products are aircraft leasing, the Aircraft Financing Solutions (AFS) program (which arranges, structures, and executes direct lending and lender-guarantee financing packages), a dynamic aircraft trading platform for secondary-market dispositions and ABS issuance, and third-party asset management services. Revenue is generated through three primary streams: recurring operating lease rental income on multi-year lease agreements (weighted average remaining lease term of 7.1 years), one-time gains on aircraft sales and trading (including opportunistic dispositions, mid-life ABS-driven portfolio management, and end-of-life freighter conversion or part-out), and transaction/professional services fees from AFS and insurance settlements. Pricing is negotiated bilaterally with each airline customer based on aircraft type, age, lease duration, and credit profile; no standardized tiers are publicly disclosed.

ACG differentiates itself through priority OEM allocations (largest 737-10 order book of any lessor globally with 121 Boeing 737 MAX aircraft on order as of January 2026), investment-grade credit ratings (BBB-/Baa2) that underpin diversified debt-market access across ten secured/unsecured facilities since 2023, and a regional sales footprint that enables repeat placement with carriers ranging from network carriers (Delta, United, Lufthansa, Turkish, ANA) to low-cost and regional operators (WestJet, Wizz Air, ITA Airways, Royal Air Maroc). The company has executed two Avolon portfolio acquisitions (2025 and February 2026), prioritizing new-technology narrowbody and widebody aircraft that support its stated sustainability targets, including 79% new-generation fleet share and emissions 14% below the industry average as of 2025.

Name

Aviation Capital Group

Legal name

Aviation Capital Group LLC

Website

https://aviationcapitalgroup.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Aviation Capital Group is a global aircraft lessor and asset manager that leases, finances, and trades primarily fuel-efficient narrowbody commercial aircraft (Boeing 737 MAX and Airbus A320neo family) to approximately 90 airlines across 50 countries, operating as a wholly owned subsidiary of Tokyo Century Corporation.

Ownership category

akta.pro rank

Headquarters

HQ city

Newport Beach

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Operating Lease Revenue: Primary revenue stream from leasing fuel-efficient, new technology commercial aircraft to airlines worldwide. Revenue is generated through regular lease payments over aircraft lease terms.
2. Aircraft Sales and Trading: Revenue from selling aircraft from portfolio including opportunistic and cyclical dispositions of younger aircraft, mid-life portfolio management via ABS channels, and end-of-life asset management via freighter conversion and part-out.
3. Aircraft Financing Solutions: Revenue from arranging and structuring aircraft financing for airline customers, including direct lending and repayment guarantees to funding commercial lenders.
4. Insurance Proceeds: One-time insurance settlements related to aircraft losses, including $551 million from Russia exposure recorded in 2025.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

ACG is a global full-service aircraft asset manager that acquires fuel-efficient commercial aircraft (Boeing 737 MAX, Airbus A320neo family, A220, A350, 787) directly from OEMs and leases them to commercial airlines worldwide under operating leases. It also provides structured aircraft financing through its AFS program, trades aircraft on the secondary market via ABS and other channels, and manages aircraft portfolios for third-party investors.

Product overview

Aviation Capital Group (ACG) is a premier global full-service aircraft lessor offering a comprehensive suite of services including aircraft leasing, aircraft financing solutions (AFS), aircraft trading, and asset management. The company invests in liquid, high-demand fuel-efficient aircraft including Boeing 737 MAX family, Airbus A320neo family, A220, A330neo, A350, and 787 Dreamliner aircraft. ACG operates as a core subsidiary of Tokyo Century Corporation with a fleet leased to approximately 85-90 airlines globally.

Differentiator

Problem solved

Functional benefit

Brands

• Aircraft Financing Solutions (AFS): Program offering airline customers competitive aircraft financing terms and access to additional sources of capital for aircraft purchases, arranging, structuring and executing entire financing packages.

Products and services

• Aircraft Leasing Core leasing services providing fuel-efficient, new technology commercial aircraft (Boeing 737 MAX, Airbus A320neo family, A220, A350, 787 Dreamliner) to commercial airlines worldwide under operating leases. ACG designs and implements unique fleet solutions for airline customers throughout the lease transaction lifecycle.
• Aircraft Financing Solutions (AFS) Program offering airline customers competitive aircraft financing terms and access to additional capital sources for aircraft purchases. ACG arranges, structures, and executes entire financing packages either through repayment guarantees to commercial lenders or through direct lending into transactions.
• Aircraft Trading Dynamic trading platform facilitating discretionary investment via secondary trading markets and delivering optimized portfolio management through various divestment channels including opportunistic dispositions, mid-life portfolio management via ABS, and end-of-life asset management via freighter conversion and part-out.
• Asset Management Services Comprehensive aircraft investment portfolio management services with in-house specialized expertise in acquiring, managing, and financing aircraft. Services include managing aircraft for third parties with the ability to sell assets while maintaining management relationships.

Quantifiable outcome

• Reduced relative emissions to 13% below 2018 baseline and 14% below industry average through investment in new generation aircraft
• +3 more outcomes

Named customers19 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered major, core and minor.

• Avolon Aerospace LeasingmajorStrategic or Co-development Partner · 19 February 2026ACG signed definitive agreements to acquire a portfolio of 24 aircraft from Avolon (18 narrowbody and 6 widebody aircraft) in February 2026. This follows a prior 2025 acquisition of 19-20 aircraft from Avolon. The portfolio has an average age of approximately 4.5 years and average remaining lease term of approximately 8.9 years.
• BoeingcoreTechnology or Integration · 13 January 2026ACG has a strategic relationship with Boeing for acquisition of new aircraft including 737 MAX family aircraft. In January 2026, ACG finalized an order for 50 Boeing 737 MAX jets (25 737-8 and 25 737-10 variants), increasing its total Boeing 737 MAX order book to 121 aircraft. ACG is the largest 737-10 order book holder among all lessors globally.
• Delta Air LinesminorOthers · 13 January 2026Delta Air Lines and ACG both placed significant orders with Boeing in early 2026. Delta ordered up to 60 Boeing 787 Dreamliners while ACG ordered 50 Boeing 737 MAX jets.
• AirbuscoreTechnology or Integration · 1 January 2021ACG has committed to Airbus for A220 family aircraft (20 aircraft) and A320neo family aircraft (40 aircraft) as announced in 2021. The company takes delivery of Airbus aircraft including A220-300, A320neo, A321neo, A330-900, and A350-900 from its orderbook.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• AerCap Holdings: World's largest aircraft lessor with a fleet of over 3,500 aircraft. Directly competes with ACG across Boeing and Airbus narrowbody/widebody leasing to global commercial airlines, with similar sale-leaseback and operating lease revenue models.
• SMBC Aviation Capital: Top-tier global aircraft lessor owned by Sumitomo Mitsui Financial Group, with a fleet exceeding 700 aircraft leased to ~100 airlines. Direct competitor to ACG in narrowbody and widebody leasing, with comparable investment-grade funding access and OEM order books.
• Avolon Aerospace Leasing: Ireland-based global aircraft lessor with a fleet of ~900 aircraft, owned by Bohai Leasing. ACG has acquired two portfolios (20 + 24 aircraft) from Avolon in 2025-2026, indicating overlapping customer relationships and direct competitive overlap in airline leasing mandates.
• Air Lease Corporation: U.S.-listed (AL) aircraft lessor with ~500 owned/managed aircraft leased to ~95 airlines across 60+ countries. Closely comparable to ACG in fleet size, customer base, and focus on new-technology narrowbody and widebody aircraft.
• BOC Aviation: Singapore-based aircraft lessor owned by Bank of China with ~700 aircraft serving ~100 customers. Directly comparable to ACG in business model, OEM relationships, and Asian airline customer base, with similar investment-grade profile.
• Aircastle: U.S.-headquartered aircraft lessor (now a wholly-owned subsidiary of Marubeni Corporation) with ~260 aircraft. Direct peer to ACG in mid-life and end-of-life aircraft trading, ABS issuance, and narrowbody/widebody leasing; ACG's CTO Alan Godson was previously EVP Technical at Aircastle.
• DAE Capital: Dubai-based aircraft lessor with ~400 aircraft leased to ~110 customers, owned by Dubai Aerospace Enterprise. Comparable to ACG in size, customer breadth, and recent-gen fleet mix; ACG's Chief OEM Officer Rob Downes was previously VP Aircraft Investor Services at DAE Capital.

Others

• Jackson Square Aviation:
• Tokyo Century Aviation Capital: Tokyo Century Corporation's broader aviation finance business, including Japanese tax lease origination and additional aircraft leasing platforms outside of ACG. Functions as both parent platform and adjacent aviation lessor; Takamasa Marito serves as Global Head of Marketing for TC Aviation while being an EVP at ACG.

Regional players

• Nordic Aviation Capital: Denmark-based turboprop and regional jet lessor (~500 aircraft), majority-owned by DAE Capital. Less directly comparable due to focus on regional aircraft versus ACG's mainline narrowbody/widebody mix, but operates in the same aircraft leasing sector with similar asset management and trading capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aviation-capital-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds11 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aviation Capital Group