AGC Aerospace & Defense has launched an aircraft engine leasing initiative following the closing of its first aircraft engine purchase and leaseback transaction with GE Aviation.
AGC Aerospace & Defense partner Rick Nagel said that it has built a solid and well-capitalised foundation for its engine leasing strategy, allowing the firm to focus more resources in this resurgent sector.
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The programme will be marketed under the name Aircraft Logistics Group.
AGC Aerospace & Defense advisory board member Lee Beaumont said that the time is right for a robust programme such as this to be brought to the market.
