AeroCentury Corp. Re-Leases Aircraft
BURLINGAME, Calif., March 31 /PRNewswire-FirstCall/ -- AeroCentury Corp., , an
independent aircraft leasing company, today announced the successful re-lease of
one of the Company's aircraft.
One of the Company's Shorts SD3-60 aircraft has been leased to a new customer in
Indonesia subject to a 36-month lease with an option to extend the lease for one
24-month period.
"We are pleased to announce the successful placement of this aircraft," said
Neal Crispin, President of AeroCentury. "We are optimistic that the Indonesian
aviation market, particularly the regional carrier segment of that market, will
continue to offer attractive opportunities." AeroCentury is an aircraft operating lessorand finance company specializing in
leasing regional aircraft and engines utilizing triple net leases. The
Company's aircraft and engines are on lease to regional airlines and commercial
users worldwide.
This release includes a forward-looking statement regarding the Company such as
the Company's optimism that the Indonesian aviation market will continue to
offer attractive opportunities. This statement is subject to certain risks and
uncertainties that could cause actual results to differ materially from those
anticipated in the forward-looking statement. These risks include, but are not
limited to, the effect of worsening economic conditions or other events or
circumstances, including terrorist attacks or other geopolitical events, and the
condition of the aircraft and/or airline industry. The forward-looking
statements and reasons why results may differ reflect the management's point of
view only as of the date hereof. The Company undertakes no obligation to
publicly revise these statementsto reflect subsequent events or circumstances. Readers should also carefully review the risk factors described in documents the
Company files from time to time with the Securities and Exchange Commission
including the Company's Form 10-KSB for the yearended December 31, 2003. DATASOURCE: AeroCentury Corp.
CONTACT: Toni Perazzo, Chief Financial Officer of AeroCentury Corp., +1-650-340-1888 Web site: http://www.aerocentury.com/
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