Echo Aviation Leasing, a Montreal-based provider of financial solutions to the general aviation industry, completed the purchase, via its wholly-owned affiliate Echo Capital Fund II, of a participation in an existing multi-aircraft leasing facility entered into by a provider of time-sensitive overnight air cargo services.
Pursuant to the terms of the transaction, Fund II acquired ownership of four leased Boeing 767-300 cargo aircraft while Echo took over the role of servicing agent of the existing leasing facility on behalf of the other participants.
“We are delighted to now own these very sought-after leased assets, and we are extremely grateful for the trust placed in us by our investment partners and all the parties involved in this transaction,” noted Tony Bergeron, managing 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,” added Frederic Larue, executive partner of Echo.
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