AeroCentury has sold one Bombardier CRJ900 to Aeronautical Support International, an aircraft and aircraft engine components supplier based in Boynton Beach, Florida, through its affiliate, Cloud Investment Partners.
Michael Magnusson, president of AeroCentury Corp, commented: “The CRJ900 that we sold to ASI Aero is one of the four aircraft we repossessed from Adria Airways, the Slovenian flag carrier, shortly before it entered insolvency proceedings.
“As it became apparent that Adria Airways was having financial difficulties, we commenced remarketing efforts for those CRJ aircraft.
“This allowed us to expeditiously close this sale in little over a month after the aircraft’s return. We believe that the market for CRJ900s is healthy at the moment and are already exploring several lease and sale opportunities for the other three aircraft returned to us from Adria Airways.”