Residco Acquires Assets of Flight Training Aircraft Firm Brown Aviation Lease.

MANews-(C)2009-2022

Chicago-based rail and aircraft leasing firm Residco has acquired all the assets of Massachusetts-based flight training aircraft firm Brown Aviation Lease, to launch flight training aircraft leasing platform, the company said.

Terms of the transaction were not disclosed.

Residco will bring its understanding of the leasing product and aviation knowledge to the market.

Residco specialises in the acquisition and leasing of commercial aircraft and engines.

This acquisition will add to Residco's USD 350m lease portfolio.

Brown Aviation Lease consists of 31...

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