Another Gulfstream IV Flies Again with Professional Lease ...

Mar 20, 2012

Another Gulfstream IV Flies Again with Professional Lease Assistance from Golden Gate Equipment Finance

Retained by a client to source Gulfstream IVs for its growing business, Golden Gate Equipment Finance brokered a 48 month lease with a G-IV owner that will transform a diminishing asset into an income producing asset for both parties involved.

?Golden Gate?s ability to understand our needs was instrumental in getting thisthird lease done for us,? said the lessee?s CEO (his name and company are withheld due to a confidentiality agreement.)? ?We look forward to repeating the process.?

A high performance jet like the Gulfstream IV must fly to earn its keep and can otherwise become an annual liability approaching $1Million.? Forging the right lease arrangement between aircraft owner and operator solves this problem, creating a profit scenario for both parties.? But such partnerships don?t occur by accident and typically involve a third party skilled at asset discovery and lease negotiations.? Golden Gate Equipment Finance served that role in this case by tracking down an owner determined to transform his potential liability into a profit earning aircraft, and structuring a mutually beneficial lease contract. Now Golden Gate is searching for more G-IVs as its client expands flight operations by placing these aircraft with a 14 CFR Part 135 certificate operator.

?Many aircraft once considered assets have lost their missions and have become liabilities,? said John Turnacliff, President of Golden Gate Equipment Finance.? ?This lease contract transforms one of those high dollar liabilities back into an income producing asset.? While each owner?s financial position can vary greatly, a generic situation such as this could see a swing from a three-quarter million dollar annual expense to a three-quarter million dollar annual profit.?

Golden Gate Equipment Finance, a division of Golden Gate Capital Group, works with businesses, asset owners, vendors, and other users of equipment to develop financial structures for the leasing and financing of equipment that fits their operational needs.

www.goldengateequipmentfinance.com

Source: http://www.worldleasingnews.com/news/another-gulfstream-iv-flies-again-with-professional-lease-assistance-from-golden-gate-equipment-finance/

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