Wingspire Equipment Finance closed a $25 million capital lease commitment for a private aviation and regional air travel company. An initial $8 million has been funded to support the acquisition and refurbishment of extended-range regional jet aircraft.
The financing will support the purchase and refurbishment of extended-range aircraft. The aircraft offer greater range than the company’s current fleet and are expected to strengthen its ability to operate longer routes, including nonstop services along the East Coast.
By adding extended-range aircraft, the company can serve markets previously beyond the practical reach of its existing fleet. The investment is also expected to create greater flexibility for future route development, expand passenger capacity in targeted regional markets and support new revenue opportunities.
Wingspire Equipment Finance structured the transaction as a capital lease with a balloon payment, aligning the financing with the company’s aircraft acquisition and refurbishment plans. The initial funding is the first stage of the broader $25 million commitment.
“This financing supports a strategic fleet investment that will allow the company to serve longer routes and pursue additional regional market opportunities,” Jason Alves, senior vice president of private equity at Wingspire Equipment Finance, said. “By financing both the acquisition and refurbishment of these aircraft, we are helping the company address a current fleet limitation while adding capacity for future expansion.”
