Completion of Acquisition of TC-CIT Aviation
Apr 03, 2017
Tokyo Century Corporation (“TC”) is pleased to announce that the acquisition of shares in TC-CIT Aviation Ireland Limited (“TCAI”) and TC-CIT Aviation U.S., Inc (“TCAU”), announced in our press release dated March 10, 2017, has been completed and TCAI and TCAU are now wholly owned subsidiaries of TC.
TC forecasts long-term growth of the aviation market and plans to continue focusing on developing its aircraft-related businesses. In addition to our core aircraft leasing and financing business, focus will be laid on developing engine leasing, aircraft parts financing and other innovative businesses related to aircraft assets.
TCAI and TCAU will be renamed TC Skyward Aviation Ireland Limited and TC Skyward Aviation U.S., Inc. respectively.