AeroCentury Company Description
With a high-flyin' inventory, AeroCentury leases used turboprop aircraft and engines to regional airlines and other commercial customers. The company often buys equipment from an airline, then leases it back to the seller, usually for a term of three to five years. AeroCentury also buys assets already under lease. The company only makes a purchase when it has a customer committed to a lease. Typically, lessees are responsible for any maintenance costs. AeroCentury owns about 30 aircraft, mainly de Havilland and Fokker models. The majority of the company's lease revenues come from airlines headquartered outside the US.
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The Company Description provides a historical perspective of AeroCentury's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of AeroCentury's evolution in the marketplace.
