Tokyo Century Corporation

Tokyo Century Corporation provides equipment leasing, automobility, specialty financing, environmental infrastructure, and international businesses in Japan and internationally. Its leasing and finance operations include ancillary services and businesses involving information and communications equipment, office equipment, industrial machinery, transportation equipment, and equipment for commercial and service industries. The company also offers automobile leasing for corporate and individual customers, car rental and car sharing, specialty financing for shipping, aviation, real estate, and environment and energy fields, and fleet services, as well as electric power generation and other renewable energy-related businesses. Formerly known as Century Tokyo Leasing Corporation, it changed its name to Tokyo Century Corporation in October 2016; it was founded in 1964 and is headquartered in Tokyo, Japan.

Aerospace & Aviation▼2

Itochu to Invest About 300 Billion Yen in US Aircraft Leasing Firm ACG for Management Participation

Itochu Corporation announced on the 3rd that it will participate in the management of US aircraft leasing company Aviation Capital Group. The company is wholly owned by a subsidiary of Tokyo Century, and Itochu will acquire a 50% stake in that subsidiary for 1.946 billion dollars, or about 300 billion yen. The move aims to strengthen its business in anticipation of growth in the aircraft leasing market. Itochu currently leases over 90 aircraft and engines to airlines in various countries.

Itochu Corpora… ▲Tokyo Century… ▼

Aerospace & Aviation

About megatrends

Aerospace & Aviation › MRO & Aftermarket Services Capital

8001.JP · Capital · Positive Itochu invests 300 billion yen to acquire 50% stake in ACG, expanding aircraft leasing business.

8439.JP · Capital · Negative Tokyo Century sells 50% stake in its subsidiary ACG to Itochu, reducing its ownership and control.

Read original ↗

Reuters·62dRead more →