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ACG stays put and plans for the next cycle
01 June 2007
Many aircraft lessors spent the last year being snapped up by banks and other large corporations but ACG has other plans, writes Janet Du Chenne.
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Aviation Capital Group
If you are a lessor, you could not be blamed for trying to guess when you might be taken over and who your new owners could be. After all, 2006 was the year of the lessor and these companies are still hot property. But Aviation Capital Group (ACG), which is owned by one of the largest insurance companies in the US, claims that it has no intention of changing ownership.
Founded in 1989, ACG's initial mandate was to provide advisory management services to the aviation industry. Using the fee income from these services, the company became equity investors in aircraft and began to build its own portfolio.
Stephen Hannahs, its managing director, says: "Because of the cyclical nature of the industry, we made a decision to start buying our own portfolio of liquid assets in the late-1990s. These assets, which tend to last between 20 and 30 years, have wide...
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