Tetra Financial Group announced it is providing $3,000,000 in financing for a major U.S. airline.
Tetra will fund $760,000 for an airplane shell and interiors that airline will use for flight attendant training. Tetra worked with many unique vendors for the equipment on this transaction.
The remaining $2,240,000 of the funding is a reimbursement of costs incurred on tenant improvement project the airline completed at one of its airport terminals. The implementation of both of these projects required a three- to six-month period in which deposits were reimbursed, progressive and partial fundings were completed and purchase orders were coordinated between TFG and the airline.
“The airline industry has proven to be challenging for many finance companies over the years. We are excited to finalize this transaction. This demonstrates our unique ability to be creative and find ways to get good deals done. We look forward to future business and a long-standing relationship with this airline,” said Greg Emery, senior vice president at Tetra.
Tetra finances a broad range of corporate equipment types with competitive pricing and creative structures for Fortune 500 companies to smaller private enterprises.
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