First National Capital Finalizes $20MM Fleet Refinancing for Charter Operator
First National Capital finalized commitment for a $20 million aircraft transaction, refinancing an operator’s entire fleet to free up operating capital and fund upcoming acquisitions. The cash-out component gives the company the liquidity to expand into new industries and build out additional revenue lines, with the aircraft continuing to fly charter and other revenue-producing missions. “Most lenders look at high-time aircraft that aren’t on an engine program and stop the conversation there,” Keith Duggan, CEO of First National Capital, said. “We did the opposite. We...
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