[Avionics Today 03-08-2016] Aviation Capital Group (“ACG”) has announced the formation of an aircraft leasing joint venture with Chow Tai Fook Enterprises Limited and NWS Holdings Limited for the purpose of investing in the purchasing, leasing and selling of commercial aircraft. The joint venture will target investments in aircraft similar to aircraft types as currently comprise ACG’s owned fleet. ACG will hold a 20% equity stake in the joint venture.
Boeing's first 737 MAX in the first position pictured on its newly completed production line. Photo: Boeing.
“We are excited to have Chow Tai Fook Enterprises Limited and NWS Holdings Limited as our partners where we can bring ACG’s expertise in the global aviation leasing space to create long-term value for this joint venture,” said Khanh T. Tran, Chief Executive Officer of Aviation Capital Group.