Wingspire Equipment loans $20M to aviation services firm
Finance company also provided pre-approved capital expenditure line of credit
Tustin, Calif.-based Wingspire Equipment Finance has provided more than $20 million in equipment financing to an undisclosed global aviation services company to help upgrade its fleet.
The financing will help the private equity-owned company modernize cargo and ramp handling equipment, aircraft cleaning machinery and plane fueling vehicles, Wingspire announced in an April 23 release. The investment is expected to bolster the company’s ability to meet growing market demand and fulfill new customer contracts.
As one of the world’s largest providers of airport ground services and air cargo handling, the client required a pre-approved capital expenditure line of credit for swift equipment acquisition.
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