Published: July 07, 2010
AGC Aerospace & Defense Launches Engine Leasing Program
OKLAHOMA CITY - (BUSINESS WIRE) - AGC
Aerospace & Defense announced the launch of an aircraft engine
leasing initiative with the closing of its initial aircraft engine
purchase and leaseback transaction with GE Aviation. The program,
marketed under the name Aircraft Logistics Group, will be lead by
industry veteran Lee Beaumont.
"We are pleased to be partnered with Lee Beaumont in this effort, and to
have finalized our first deal with GE Aviation," commented Rick
Nagel, partner at AGC Aerospace & Defense. "We've built a solid and
well capitalized foundation for our engine leasing strategy, allowing us
to focus more resources in this resurging sector."
In conjunction with portfolio company Aircraft Logistics Group (ALG),
AGC Aerospace & Defense provides industry and government customers
alternative leasing and financing solutions for aircraft, systems,
engines, and integrated special mission aircraft deployed around the
globe. ALG has been in operation since 2007.
Beaumont, an AGC Aerospace & Defense advisory board member since 2006,
will lead the consolidated leasing effort.
"The time is right for a robust program like this to be brought to the
market," remarked Beaumont. "I am delighted to be working with AGC
Aerospace & Defense given their commitment to the sectors I've served
for so long."
Beaumont most recently served as Chief Operating Officer at Willis Lease
Finance Corporation (WLFC), one of the largest independent lessors of
aircraft turbine engines worldwide. He also served as President of U.S.
Operations at Standard Aero, one of the largest independent engine
maintenance, repair, and overhaul providers in the world.
ABOUT AIRCRAFT LOGISTICS GROUP
Aircraft Logistics Group (ALG) provides both aircraft and engine leasing
solutions to industry and government customers worldwide. ALG operates
within the Finance Group of AGC Aerospace & Defense.
AGC Aerospace & Defense is a leader in supplying technologies, systems
and services that support key commercial and military programs.
Operating in multiple locations across the globe, capabilities within
the AGC Aerospace & Defense portfolio range from financing, engineering,
and integration services to manufacturing, logistics, and aircraft
modifications.
For information: www.agcaerospace.com
AGC Aerospace & Defense
Jennyfer R. Guebert, 405-737-2676 Ext.
2012
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