US-based Aviation Capital Group (ACG) has finalized a definitive agreement with Avolon, one of the world’s largest aircraft lessors, to acquire 20 aircraft currently leased to 17 airlines. The deal marks a significant expansion for ACG, which will add six new airlines to its customer portfolio.
The acquisition includes 16 narrowbody and four widebody “new technology” aircraft, all of which have an average age of approximately 4.1 years. These aircraft, currently located across 16 countries, have remaining lease terms of about 8.4 years. The move reflects ACG’s ongoing strategic focus on growth and sustainability, particularly through the investment in fuel-efficient, modern aircraft.
“This acquisition complements our existing portfolio and enhances our global presence,” said Thomas Baker, CEO and President of ACG. “With Avolon as a trusted partner, we continue to pursue strategic growth opportunities and invest in new technology aircraft that contribute to a more fuel-efficient fleet. Our goal is to maintain momentum in scaling our operations.”
ACG, a subsidiary of Tokyo Century Group, is currently ranked as the 10th largest aircraft lessor globally. According to KPMG’s Aviation Leaders Report 2025, by the end of 2025, ACG will manage over 500 aircraft, placed with 85 airlines worldwide.
In a separate but related move, ACG further expanded its fleet in July 2024, securing an order with Boeing for 16 737 MAX 8 aircraft and 19 737 MAX 10 aircraft, bringing its total commitment to 82 737 MAX jets. ACG’s current airline customers include major carriers such as American Airlines, Delta Air Lines, Air France, and Etihad Airways.
Meanwhile, Avolon, headquartered in Dublin, remains a key player in the aircraft leasing industry, ranking as the third-largest lessor globally with a fleet of nearly 600 aircraft.
Ross O’Connor, CFO of Avolon, commented on the deal, stating, “We are pleased to deepen our partnership with ACG through this 20-aircraft portfolio transaction. ACG has demonstrated its capability to execute large-scale deals, and we look forward to collaborating on the transfer of these assets in the coming months.”
The transaction signals a continuing trend of consolidation and growth in the aviation leasing sector, with both companies positioned to benefit from their strengthened collaboration and expanded global reach.
