Aviation Capital Group Announces Action to Repossess Nine Airbus Aircraft on Lease to Oceanair Linhas Aereas S/A (Avianca Brazil)


Aviation Capital Group LLC (“ACG”) announced today that the company has
terminated the leases for, and has initiated legal action to repossess,
eight Airbus A320-200s and one A319-100 aircraft currently in the
possession of Ocean Linhas Aereas S/A (Avianca Brazil).

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 September 30, 2018, which are leased to
approximately 90 airlines in approximately 45 countries. ACG was founded
in 1989 and is an indirect majority-owned subsidiary of Pacific Life
Insurance Company.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181212005682/en/

SOURCE: Aviation Capital Group LLC

Gordon Grant
Investor and Media Relations
+ 1 949 219 4664

Copyright Business Wire 2018

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