ITC-AeroLeasing completes sale and leaseback for four Pilatus PC-12 Turboprops
ITC-AeroLeasing has recently completed sale and leaseback transactions of four Pilatus PC-12 turboprops, which were delivered to a US aviation company, offering passenger services subsidised under the Essential Air Service programme.
Commenting on the transaction, ITC’s CEO and President Mirika Nakayama said: “Over the past three years, ITC has built a successful working relationship with the operator, and we are very pleased to support a key partner with further financing of one of the industry’s favourite single engine turboprops with – the Pilatus PC-12. We are pleased to be in a position to support our partner in strengthening their balance sheet as they pursue further growth.”
ITC’s financing structures are available for both new and pre-owned aircraft and offer flexibility to help optimisation of operator’s working capital and aircraft financing arrangements.
Since its inception in 1989, ITC has been providing financing solutions to helicopter and aeroplane operators focusing on oil and gas, firefighting, commuter transport, and many other mission types. ITC’s leased portfolio currently includes over forty-five aircraft in fifteen countries.