Bank of America Selects Avjet As Strategic Partner

Published: 20-Oct-2009

Corporate aircraft finance clients to benefit from the preferred financing terms

Bank of America has entered into a strategic alliance with Avjet Corporation, a Southern California-based aviation services provider, to provide preferred financing terms for clients who finance their aircraft through Bank of America and take advantage of the business aircraft management services of Avjet.

Reportedly, through its Global Corporate Aircraft Finance organization, Bank of America is a full spectrum lessor and lender for mid-to-large cabin corporate jets, turboprops, and helicopters and provides client-specific, tailored aircraft solutions through a combination of financial products and aircraft services.

Michael Amalfitano, executive at Bank of America Global Corporate Aircraft Finance, said: "At Bank of America, we are always looking for ways to make it easier for our clients to acquire aircraft with beneficial financing terms. Avjet is a premier provider of aircraft management and maintenance services. We are pleased to add Avjet to our lineup of preferred service providers, greatly strengthening aircraft management and financing opportunities for our clients in Southern California."

Marc Foulkrod, chairman and chief executive officer of Avjet, said: "Avjet has enjoyed consistent growth for nearly 30 years and has emerged from the current global crisis as a clear industry leader. When considering a financial trading partner, we wanted our clients to have the same comfort and security that is only available from one of the world's largest and most respected financial institutions. Bank of America is the clear choice."

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