Bank of America and Gama Form Alliance

October 7, 2008
Financing, Insurance and Taxes

Customers who finance an aircraft through Bank of America can arrange more attractive lease terms if they also hire Gama Aviation for management services. Michael Amalfitano, corporate finance executive for Bank of America, and Scott Ashton, vice president for business development at Gama, announced the alliance at Gama’s booth (No. 1247).

Amalfitano said Bank of America ensures that business aircraft are acquired for long-term use, and that Gama Aviation is “first and foremost an aircraft company that emphasizes the stewardship of its clients’ assets.”

Ashton added that Gama shares “common values of performance and integrity” with Bank of America, and that Gama offers a “worldwide footprint” with headquarters at Sikorsky Memorial Airport in Stamford, Conn.; principal offices in Teterboro, N.J., and West Palm Beach, Fla.; and 15 satellite bases.

Back

Sales, Deliveries down at Dassault August 01, 2009 Dassault Aviation reported ?900 million ($1.28 billion) in Falcon sales in the first half, down slightly from the ?1.1 billion ($1.56 billion)... [more]
Embraer: Growth To Return in 2012 August 01, 2009 “Only in 2012 will [business jet] deliveries start growing again,” Embraer executive vice president Luis Carlos Affonso said in a pre-LABACE... [more]
Stratos Taking Deposits for Its VLJ August 01, 2009 Bend, Ore.-based Stratos Aircraft last month began taking refundable $50,000 deposits, which will be placed in escrow, for its four-seat,... [more]
Klapmeier team vying to buy Cirrus program August 01, 2009 Alan Klapmeier, chairman of Cirrus Aircraft, has formed a team to raise funds to try to buy the Vision SF50 single-engine... [more]
Banker tells buyers to get back in bizjet market May 12, 2009 Sources for financing of corporate aircraft purchases may be harder to find this year than last, but Toennies von Limburg, director of... [more]