Clifford Chance advises ITOCHU on its US$1.9 billion investment in Aviation Capital Group and joint management structure with Tokyo Century

September 4, 2026

• Peter A. Laveran-Stiebar, Christine Kim, Peter Guinnane, Xue Zhang, Stacy Frazier, Santi Roca Arribas (He/Him), Julius Pak, Zarrar Sehgal, Benjamin Fisher, Asena May, Thomas Pearce, Adriana Zhan, Joshua Thomas, Reuven Falik, David Walsh, Raissa Ebeh, Daryl Fairbairn (He/Him), Megan Gordon, Renée Latour (She/Her), Catherine Ennis (She/Her), Holly Bauer (She/Her)
• New York, Washington, DC

Clifford Chance advises ITOCHU on its US$1.9 billion investment in Aviation Capital Group and joint management structure with Tokyo Century

Global law firm Clifford Chance is advising Japanese trading house ITOCHU Corporation in its acquisition from Tokyo Century Corporation of a 50% equity interest in, and establishment of a joint management structure for, TC Skyward Aviation U.S., Inc., which owns aircraft lessor Aviation Capital Group LLC. The purchase price is expected to be approximately US$1.946 billion, subject to certain adjustments.

The Clifford Chance team is led out of New York by corporate partner Peter Laveran-Stiebar and counsel Christine Kim, supported by associates Peter Guinnane and Xue Zhang. 

The broader team includes:

• Antitrust: partner Stacy Frazier, counsel Santi Roca Arribas and associate Julius Pak (Washington, DC)
• Aviation: partners Zarrar Sehgal and Benjamin Fisher, counsel Asena May and associate Thomas Pearce (New York)
• Tax: partner Adriana Zhan and associate Josh Thomas (New York)
• Employment and benefits: partner Reuven Falik and associates David Walsh and Raissa Ebeh (New York)
• IP: counsel Daryl Fairbairn (New York)
• Financial crimes: partners Megan Gordon and Renee Latour and counsel Catherine Ennis and Holly Bauer (Washington, DC)

Press contact: Kaitlin Scagluso