Utah-Based Equipment Leasing Firm Continues Its Commitment to Providing Financing to the Aviation Industry with Aircraft Lease for Air Charter Firm Based in Minnesota.
AvTech Capital announced today that it has closed an aircraft lease for a large Minnesota-based aviation firm that provides aircraft chartering, maintenance, management and sales for the aircraft industry. With AvTech Capital’s lease financing, the customer was able to completely renovate a 1972 Dassault Falcon 20F-5 in order to place the aircraft into the company’s active charter fleet. The sale-leaseback structure of the transaction also allowed the customer to recoup the acquisition costs of the aircraft and still place it into service.
The renovation of the plane included various upgrades, including updated seating, other interior improvements and new paint, among others. AvTech Capital’s customer commitment and equipment expertise allowed it to provide not only sale-leaseback financing for the aircraft, but also funding for the more difficult to finance soft cost improvements.
AvTech Capital has significant experience in providing lease financing for the aviation industry and regularly finances aircraft transactions, including both fixed-wing aircraft and helicopters, for customers throughout the United States. AvTech Capital uses its aviation experience and expertise to help customers navigate the process of acquiring an aircraft as well as the regulatory requirements and framework.