Tokyo Century publishes presentation on ITOCHU partnership to jointly manage Aviation Capital Group in 50-50 deal
Reuters2026/08/03 06:41Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Tokyo Century reached an MOU for a strategic partnership with ITOCHU covering Aviation Capital Group, shifting ACG to 50:50 joint management.
- Tokyo Century plans to transfer a 50% stake in its subsidiary TC Skyward Aviation U.S. to ITOCHU for USD 1.95 billion.
- ACG will be deconsolidated and become an equity-method affiliate for both Tokyo Century and ITOCHU; definitive agreement expected in August 2026.
- Share transfer is expected in November 2026; valuation base date was Dec. 31, 2025, with adjustments including a special dividend.
- ACG reported a fleet of 446 aircraft as of Dec. 31, 2025, with 84% of net book value in narrowbody aircraft.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tokyo Century Corporation published the original content used to generate this news brief on August 03, 2026, and is solely responsible for the information contained therein.
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