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Business Wire
15-05-2025
- Business
- Business Wire
Aviation Capital Group Announces First Quarter 2025 Results
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aviation Capital Group LLC ('ACG'), a premier global full-service aircraft asset manager, today announced its financial results for the first quarter of 2025. ACG's financial statements and investor presentation for the first quarter of 2025 are available on its website at Financial Results Total revenues of $280.6 million for the three months ended March 31, 2025 Total pre-tax net income of $27.0 million for the three months ended March 31, 2025 Liquidity of $4.5 billion as of March 31, 2025, comprised of $4.3 billion available under our unsecured revolving credit facilities and $0.2 billion in unrestricted cash Net debt to equity ratio of 2.3x as of March 31, 2025 Cash flows from operations of $124.6 million for the three months ended March 31, 2025 Cash flows used in investing activities of $868.1 million for the three months ended March 31, 2025, primarily attributable to nearly $1.0 billion used to purchase aircraft assets partially offset by $131.0 million from sales of aircraft assets Strong sales pipeline, with $336.6 million of aircraft held for sale as of March 31, 2025 Portfolio Highlights Added fifteen new technology aircraft during the first quarter, comprised of twelve Boeing 737 MAX family aircraft, two A350-900 aircraft, and one A320neo family aircraft from a combination of OEM orderbook deliveries and sale-leaseback transactions Sold five aircraft, two engines, and one airframe for a net gain of approximately $31.4 million during the first quarter, which includes $4.1 million recognized in Other income from a gain on the sale of one aircraft on finance lease Weighted average age of our owned portfolio was 5.9 years as of March 31, 2025 Weighted average remaining lease term was 6.9 years as of March 31, 2025 Financing Activity Issued $800 million of senior unsecured notes, compromised of $300 million due April 2027 with a coupon of 4.75% and $500 million due April 2030 with a coupon of 5.125% Unencumbered asset coverage ratio was 1.5x as of March 31, 2025 Material Events Subsequent to March 31, 2025 Entered into settlement agreements with certain of our insurers for cash proceeds totaling approximately $398 million in connection with settling a portion of our insurance claims related to our confiscated aircraft that remain in Russia Signed a definitive agreement with Avolon Aerospace Leasing Limited (Avolon) to acquire a twenty-aircraft portfolio, comprised of sixteen narrowbody and four widebody aircraft, with a weighted average age of approximately 4.1 years and a weighted average remaining lease term of approximately 8.4 years Notes Regarding Financial Information Presented in This Press Release The financial information presented in this press release is not audited. We reference certain metrics in this press release, as well as net debt to equity, which is a non-GAAP number. Net debt is our total outstanding debt less our cash and cash equivalents. Equity is our total equity as determined in accordance with GAAP. We believe this measure may further assist investors in their understanding of our performance. This measure should not be viewed in isolation and should only be used in conjunction with and as a supplement to our U.S. GAAP financial measures. Non-GAAP measures and metrics are not uniformly defined by all companies, including those in our industry, and so this additional information may not be comparable with similarly-titled measures and metrics and disclosures by other companies. Please refer to our Q1 2025 Investor Presentation located at for additional information regarding certain metrics referenced in this press release and a reconciliation of net debt to equity to its most directly comparable GAAP financial measure. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable federal securities laws, including our pending purchase of aircraft from Avolon. Any such statements, other than statements of historical fact, are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, such statements are not guarantees or assurances of any aspect of future performance. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. About Aviation Capital Group Aviation Capital Group is one of the world's premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of March 31, 2025, leased to roughly 80 airlines in approximately 45 countries. It specializes in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation. Follow ACG on LinkedIn, and for more information, visit
Associated Press
13-02-2025
- Business
- Associated Press
Aviation Capital Group Announces Delivery of One Boeing 737-8 MAX to Neos
Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one Boeing 737-8 MAX aircraft to Neos. This is ACG's first aircraft delivery to Neos and the first of three Boeing 737-8 MAX aircraft scheduled to deliver to the carrier from ACG's order book with Boeing. 'ACG is delighted to deliver the first of three Boeing 737-8 MAX aircraft to Neos, marking the beginning of our partnership with this new European lessee. These advanced, fuel-efficient aircraft will enable Neos to further strengthen its position as one of Europe's premier charter airlines, enhancing their operational capabilities while supporting their commitment to sustainability and fleet modernization. We look forward to supporting Neos' growth and success in the years ahead,' said Carter White, Executive Vice President and Chief Commercial Officer of ACG. ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers' fleet management needs. To learn more about the aircraft leasing and aircraft management services offered by ACG, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable federal securities laws. Any such statements, other than statements of historical fact, are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, such statements are not guarantees or assurances of any aspect of future performance. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. Aviation Capital Group is one of the world's premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of September 30, 2024, leased to roughly 90 airlines in approximately 45 countries. It specializes in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation. Follow ACG on LinkedIn, and for more information, visit SOURCE: Aviation Capital Group LLC Copyright Business Wire 2025. PUB: 02/13/2025 05:00 PM/DISC: 02/13/2025 05:03 PM
Associated Press
10-02-2025
- Business
- Associated Press
Aviation Capital Group Announces Delivery of One Boeing 737-8 MAX to Air India Express
Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one Boeing 737-8 MAX aircraft to Air India Express. Featuring CFM International LEAP-1B engines, this is the second aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and Air India Express. ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers' fleet management needs. To learn more about the aircraft leasing and aircraft management services offered by ACG, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable federal securities laws. Any such statements, other than statements of historical fact, are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, such statements are not guarantees or assurances of any aspect of future performance. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. Aviation Capital Group is one of the world's premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of September 30, 2024, leased to roughly 90 airlines in approximately 45 countries. It specializes in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation. Follow ACG on LinkedIn, and for more information, visit SOURCE: Aviation Capital Group LLC Copyright Business Wire 2025. PUB: 02/10/2025 03:18 PM/DISC: 02/10/2025 03:18 PM
Associated Press
27-01-2025
- Business
- Associated Press
Aviation Capital Group Announces Delivery of One Boeing 737-9 MAX to United Airlines
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan 27, 2025-- Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one Boeing 737-9 MAX aircraft to United Airlines. Featuring CFM International LEAP-1B engines, this is the fourth aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and United Airlines. ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers' fleet management needs. To learn more about the aircraft leasing and aircraft management services offered by ACG, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable federal securities laws. Any such statements, other than statements of historical fact, are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, such statements are not guarantees or assurances of any aspect of future performance. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. Aviation Capital Group is one of the world's premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of September 30, 2024, leased to roughly 90 airlines in approximately 45 countries. It specializes in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation. Follow ACG on LinkedIn, and for more information, visit SOURCE: Aviation Capital Group LLC Copyright Business Wire 2025. PUB: 01/27/2025 04:43 PM/DISC: 01/27/2025 04:43 PM
