Independent leasing company AeroCentury has reached a new management agreement with its current management company, JetFleet Management, which continues JMC’s management services through August 2025. 

“We studied a number of alternatives for our day-to-day operations, and we determined that JMC offered the best mix of market expertise, customer relationship management and total value,” said David P. Wilson, independent director of AeroCentury and former senior vice president of General Electric Capital Aviation Services. “Among the deciding factors were the comprehensive services offered by JMC, the eighteen year history of excellent service they have already provided to us, and the added value of the continuity of the relationships with our customers, employees and financial partners.”  

The terms of the contract with JMC provide AeroCentury with a number of continuing and new benefits including management services, an acquisition option, a new provision whereby JMC has agreed not to manage portfolios for identified AeroCentury competitors and revised termination clauses.

“As one of our largest shareholders, we are confident that JMC’s interests are fully aligned with AeroCentury’s business needs,” said Roy E. Hahn, independent director at AeroCentury, investment manager and former tax partner in the leasing practice at Coopers & Lybrand.  “Completing this negotiation to extend our management agreement at this time provides continuity for all our stakeholders, and provides assurances to our banking partners.”