Debevoise & Plimpton LLP is advising Pacific Life Insurance Company on the sale of its majority ownership in Aviation Capital Group (ACG), its commercial aircraft leasing subsidiary, to Tokyo Century Corporation. The transaction is expected to close in the fourth quarter of 2019. For more information, please see Pacific Life’s press release.

Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Aviation Capital Group is one of the world’s premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of June 30, 2019, which are leased to approximately 90 airlines in approximately 45 countries. Tokyo Century Corporation is a facilities investment and financial services company offering services in aviation financing, account receivable financing, ship financing, real estate financing, installment sales, automobile leasing, operating leases and finance leases.

The Debevoise team is led by corporate partner Gregory Gooding and includes corporate partner Geoffrey Burgess and associates Benjamin Collins-Wood, Ethan McMahon and Yana Mereminksy, tax partner Peter Furci and associates Samuel Duncan and Lena Smith, executive compensation and employee benefits partner Lawrence Cagney and associate Wendy Widman, intellectual property partner Henry Lebowitz and antitrust counsel Kyra Bromley and associate Andrea Pomana.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.