Aerocentury Corporation: A Specialized Leasing Company

Owning a fleet of aircraft is very costly, especially if the vehicle is brand new. Depending on the demand of the vehicle, sometimes airline companies, especially those regional airline businesses, can save if they just lease the vehicle.

There is a growing market in the industry of leasing aircraft and aircraft engines. One of the companies that specializes in leasing these machines is AeroCentury Corporation. The business has been around since its inception in 1997. It continues to serve regional airline companies and provide them the much needed vehicles and engines in various terms. These terms usually range between 3 to 5 years and are sealed in triple net leases. The business not only serves the markets in the United States as it also has a presence in 15 other countries. It primarily serves the regional airline industry, while also catering to the needs of other commercial users. Since its creation, the business has steadily expanded its assets and continue to provide financing services to these airline companies.

As of 2013, the company has a network of more than $180 million and it continues to amass properties and provide services to a worldwide audience. It currently has a total of 43 aircrafts, which are comprised of 9 different types of vehicles. They also have 5 additional aircraft engines that are leased to different companies around the world. The expansion of the company is also evident in the steady growth of its revenue. From 1998, it has exponentially increased its income generating assets.

Although the company was formally inducted as an independent business in 1997, its predecessors have been around since 1989. The majority of the clients of the business is located in North America, Europe, South America and in the United Kingdom. Currently, the company trades publicly on the American Stock Exchange.