AeroCentury is an established lessor of 50 to 100 passenger regional aircraft. The Company’s business model is to carefully expand its portfolio of leased aircraft to achieve earnings growth while maintaining a manageable level of investment risk. The goal is to have a diversified and balanced portfolio of new and older aircraft on lease to established air carriers worldwide. AeroCentury is known worldwide as a competent and reliable lessor of regional aircraft.
While the aircraft industry has historically been cyclical, the regional airline market has traditionally fared better during economic downturns compared to the larger carriers because they tend to be flexible, opportunistic and have more flexible cost structures.
We will continue to expand the portfolio using our business model of controlled, organic growth while using our bank lines, as well as alternative sources of capital, focusing on regional aircraft.
This page contains forward-looking statements, including: (i) the Company competing aggressively in the aircraft leasing business; (ii) the purchase of additional equipment by the Company; (iii) the lack of competition in the Company's market, and the availability of profitable leasing and remarketing opportunities; (iv) the Company's plan to expand its pool to achieve capital growth while maintaining manageable risks; (v) the Company's position with respect to achieving its goals; and (vi) the growing market served by the Company and the growing demand for aircraft and financing by smaller regional carriers. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. These risks include, but are not limited to satisfaction of conditions required to consummate the new credit line facility, including negotiation of closing documents, obtaining the participation of additional banks to participate in the facility and satisfaction of conditions precedent in the closing documents, general worldwide economic conditions and the possibility of a downturn in the worldwide economy or the aircraft or air carrier industry, ownership risks with respect to the leased portfolio of the Company, lessee credit risks, a high level of competition in the aircraft leasing industry, the potential entry of other competitors in the Company's intended market, the availability of appropriate acquisition and lease transactions on terms acceptable to the Company, and the availability of financing facilities or other sources of capital on terms acceptable to the Company. The forward-looking statements and reasons why results may differ reflect management's point of view only as of the date hereof. The Company undertakes no obligation to revise these statements to 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.