AeroCentury Corp. Announces Aircraft Repossessions
October 04 2019 - 8:00PM
AeroCentury Corp. (NYSE American: ACY) (the “Company”), an
independent aircraft leasing company released an update on the
status of its four CRJ-900 aircraft that were on lease to Adria
Airways in Slovenia.
As reported earlier, on September 20, 2019,
Adria returned one aircraft to AeroCentury, and on September 23,
2019, the leases for two additional aircraft were terminated, and
notice of default was served for the fourth aircraft. On
September 30, 2019, the lease for the fourth aircraft was
terminated. AeroCentury has possession and control of all
four aircraft and all have been deregistered from the Slovenian
registry. One aircraft is already located at the Company’s
maintenance vendor in the Netherlands and the other three aircraft
are being readied for ferry to that location, where all four will
be prepared for sale or lease.
About AeroCentury: AeroCentury
is an independent global aircraft operating lessor and finance
company specializing in leasing regional jet and turboprop aircraft
and related engines. The Company's aircraft and engines are leased
to regional airlines and commercial users worldwide.
Toni PerazzoChief Financial Officer(650)
340-1888
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