Echo Aviation Leasing Corp, a Canadian financing provider to the aviation industry, has acquired four leased Boeing 767-300 cargo aircraft. The firm also took over the role of servicing agent of the existing leasing facility. No financial terms were disclosed.
MONTREAL–(BUSINESS WIRE)–Echo Aviation Leasing Corporation (“Echo”), a Montreal-based provider of financial solutions to the general aviation industry, announced on March 31, 2020 the completion of the purchase, via its wholly-owned affiliate Echo Capital Fund II Inc. (“Fund II”), of a participation in an existing multi-aircraft leasing facility entered into by a leading 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 Mr. Frederic Larue, Executive Partner of Echo.
About Echo Aviation Leasing Corporation
Founded in 2016 by Tony Bergeron and Frederic Larue, Echo Aviation Leasing Corporation provides financing solutions, aircraft sales and acquisition support and portfolio management services to the general aviation sector. Echo operates across North America in offices in Canada (Montreal & Vancouver) and the United States (Miami). For more information about Echo, please visit the company’s website at www.echoleasing.com.