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▲ PositiveCapitalrelevance
Considering a 300 billion yen investment in ACG to form an equal partnership, expanding its aircraft leasing business.
Itochu Corporation announced on the 3rd that it is considering an investment in Aviation Capital Group, a U.S.-based subsidiary of Tokyo Century. The matter will be discussed at a board meeting held the same day. The Nikkei reported on July 31 that Itochu plans to invest approximately 300 billion yen in ACG, raising its stake to 50% and making it an equal partnership with Tokyo Century. Tokyo Century also stated that it plans to submit the matter to its board of directors on the same day.
Considering a 300 billion yen investment in ACG to form an equal partnership, expanding its aircraft leasing business.
Plans to discuss the sale of a 50% stake in its subsidiary ACG to Itochu, potentially raising capital and forming a partnership.