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Viking Investments Group, Inc. (“Viking”) is pleased to announce it has executed a Letter of Intent with Jet Connected and Jimenez Trading Inc. (“JTI”) regarding the formation and capitalization of an aviation acquisition and leasing company, Executive Aviation.
Leveraging the expertise, relationships and sophistication of the principals of Jet Connected and JTI, including Peter Bromby and JahidFazal-Karim, Executive Aviation aims to become a global leader in executive aircraft sales and leasing, offering flexible, customized and competitive aviation finance solutions to clients worldwide.
Operating in a niche market distinct from other aviation leasing companies such as Element Financial (www.elementcorp.com), GE Capital Aviation Services (www.gecas.com), and Bank of America (http://corp.bankofamerica.com/business/ci/aircraft-finance), Executive Aviation intends to offer unparalleled financing alternatives to facilitate the acquisition and/or lease of aviation equipment across various industries and applications. Executive Aviation’s integrated service approach will enhance the client experience and maximize returns for company stakeholders. Executive Aviation will subscribe to its principals’ exacting standards for quality, maintenance, capability and performance.
Executive Aviation will service a market overlooked by other industry participants by financing select formerly-owned, exceptionally maintained executive aircraft to qualified clientele searching for services and financing solutions not offered by major providers. The combined experience of the Executive Committee will serve to mitigate risk and produce strong financial results for Executive Aviation.
