15.04.2020
Artikel Nummer: 31565
Canadian leasing company enters cargo business
Echo Aviation Leasing Corporation, a Montreal-based provider of financial solutions to the general aviation industry, has completed the purchase, via its wholly-owned affiliate Echo Capital Fund II, of time sensitive overnight air cargo services.
Pursuant to the terms of the transaction, Fund II has acquired ownership of four leased B767-300 cargo aircraft while Echo has taken over the role of servicing agent of the existing leasing facility on behalf of the other participants.
Frederic Larue, executive partner of Echo: "This transaction demonstrates Echo’s ability to acquire, fund and service a broad spectrum of aircraft transactions and highlights the growing success of Echo." (ah)