Golden Gate Equipment Finance said it was retained by a client to source Gulfstream IVs and brokered a 48-month lease with a G-IV owner that will transform a diminishing asset into an income producing asset for both parties involved.

“Golden Gate’s ability to understand our needs was instrumental in getting this third lease done for us,” said the lessee’s CEO. “We look forward to repeating the process.”

Golden Gate said it is searching for more G-IVs as its client expands flight operations by placing these aircraft with a 14 CFR Part 135 certificate operator.

“Many aircraft once considered assets have lost their missions and have become liabilities,” said John Turnacliff, president of Golden Gate Equipment Finance.

“This lease contract transforms one of those high dollar liabilities back into an income producing asset. While each owner’s financial position can vary greatly, a generic situation such as this could see a swing from a three-quarter million dollar annual expense to a three-quarter million dollar annual profit,” he added.