Wingspire Equipment Finance has provided more than $20 million in equipment financing to a global aviation services company. The funding will help the private equity-owned company upgrade its operational equipment to meet rising market demand and support new customer contracts.
As one of the largest providers of airport ground services and air cargo handling, the client plays a critical role in supporting airlines and airports worldwide. The company sought a financing partner capable of offering a pre-approved CapEx line of credit for quick and efficient equipment funding.
Wingspire structured an Equipment Finance Agreement (EFA) to replace aging cargo and ramp handling equipment, aircraft cleaning machinery, and fueling service vehicles. This upgrade will modernize the company’s fleet and allow for strategic expansion to meet customer needs.
“Our financing solution represents a pivotal step forward for our client in the aviation services industry,” Jason Potter, Senior Vice President of Business Development at Wingspire Equipment Finance, said. “With a CapEx Line of Credit established, we’ve provided the flexibility they need to acquire and deploy new aviation equipment quickly. Our ability to scale with their business was key to their decision to partner with us. We’re proud to support their growth and look forward to continuing our relationship.”
