Commercial Aerospace Capital Corporation Announces the Purchase of Two Boeing 737 Series Aircraft
Posted on: Thursday, 22 September 2005, 12:00 CDT
Commercial Aerospace Capital Corporation, an operating subsidiary of Alliance Continental Holdings Group, Inc. has announced that it has acquired loan certificates with a par value in excess $21 million dollars secured by two Boeing 737 series aircraft on lease to a foreign air carrier. CACC acquired the aircraft notes through a negotiated private transaction.
John C. Green Managing Director / CEO, noted, "CACC is pleased to assist in aiding the liquidation that has allowed the former U.S. operator to exhaust various debt instruments within its bankruptcy restructuring, while CACC has simultaneously provided its foreign airline clientele, newer aircraft that have remained in service, until the time transition from operator to CACC.
"We intend to continue with similarly structured debt & equity transactions, offering liquidity, with the underlying assets being leased to other air carriers domestic and abroad."
The company has already solidified negotiations to acquire one remaining 747-400 from the same liquidation proceeding, and three additional 737s for placement outside of the U.S.
Further verification or additional media may be requested by contacting media@commercialaerospacecapitalcorporation.com
Source: Business Wire
Related Articles
- Aircraft Exhaust May Warm The U.S. Climate
- San Dimas, Calif., Firm Contracts for Military Fighter Aircraft Project, NASA
- Private Aircraft Breaks the Sound Barrier
- NASA Flies First Laser-Powered Aircraft
- Ex-President Bush Marks Aircraft Carrier
- Into the Wild blue -- Veteran aircraft designer follows the road less traveled in developing his experimental SpaceShipOne
- Into the Wild blue -- Veteran aircraft designer follows the road less traveled
- NASA Aircraft Searches for Columbia Debris
- Aircraft Technology Helps Diagnose Artificial Hip, Knee Problems
 |
 |
User Comments (0)
RSS Feeds