Aircraft finance on favourable terms is becoming available again as the market begins to edge towards an upturn. Nowhere was that clearer than at NBAA this morning when the Bank of America (booth 2234) announced a strategic alliance with Avjet.
The bank is a heavy investor in the corporate aviation market with more than 800 clients and $7 billion in aircraft loans and leases and today's agreement with the southern Californian aviation services provider provides preferred financing terms for clients who finance their aircraft through Bank of America and take advantage of the business aircraft management services of Avjet.
"We are always looking for ways to make it easier for our clients to acquire aircraft with beneficial financing terms," said Michael Amalfitano, Bank of America global corporate aircraft finance executive. "We are pleased to add Avjet to our line-up of preferred service providers, greatly strengthening aircraft management and financing opportunities for our clients in southern California."
Source: Flight Daily News
