Bank of America Adds Preferred Provider

Aviation International News » January 2008
December 27, 2007, 6:57 AM

Long Island-based jet charter and management company ExcelAire has been selected to join Executive Jet Management, Jet Aviation and Jet Direct as a partner by Bank of America’s aircraft financing division. According to the bank, customers seeking aircraft financing will be offered discounted lease terms if they select one of these management providers. “Certainly if that aircraft is managed by one of our strategic partners, we know where it is, we know who’s flying it and we know how it’s being maintained and taken care of, so that does give us a significant level of security. For that reason we are willing to take more aggressive residuals, which benefits the client immediately,” said Rudy Tenore, a senior vice president and asset manager with Bank of America.

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X