CLEVELAND--(BUSINESS WIRE)--White Stag Aircraft Leasing (US) LLC commits to acquire seven mid 1990’s vintage aircraft from TLA Holdings. The transaction will phase out the existing Boeing 737-400 Aircraft that will be replaced by new generation 737’s.
White Stag, Chairman and Private Equity Investor, John C. Green commented that the acquisition comes at a unique time when the supply and demand for AirLift and Cargo configured Aircraft have yet to peak. Mr. Green indicated that four Aircraft will be immediately destined for conversion facilities as soon as deliveries are complete, likely over the next 60-90 days.
“Current markets are such that much older Aircraft continue to be leased and released to meet over demand, for freight contracts world wide. We foresee this wave to continue uninterrupted well into the future,” says Green.
This press release contains forward looking statements. Delivery dates expressed herein, are made at the time of this release. The company takes no obligation to update or revises such statements to reflect new information or events which are beyond our control.