One Deal Does Not Make A Trend, But SinglePoint Aircraft Finance Completed Its First Transaction In Thirty Days

Less than thirty days after launching its commercial and general aviation aircraft lending initiative, SinglePoint Aircraft Finance (SinglePoint), an AGC Aerospace & Defense company, has completed its first transaction. The subject of the successful deal was a Hawker 800 XP business jet.

“This quick closing validates our view that the market is seeking a more efficient approach to aircraft financial transactions. We anticipate a robust year of deal flow for SinglePoint as we apply our unconventional and proven approach to solving an unmet need,” stated Tim Wilson, President of SinglePoint, a portfolio company of AGC Aerospace & Defense. “This first commercial transaction has highlighted the synergies we hoped to achieve with AGC’s MRO focused operating company, Valair Aviation, allowing us to move quickly to complete the financing.”

Hawker 800 XP File Photo

Valair Aviation, also an AGC Aerospace & Defense company, provides heavy maintenance, restoration, modification, avionics, interior completion, and paint services.

“Knowing the aircraft inside and out from a maintenance perspective gives us a unique ability to define potential risk,” remarked Rick Nagel, a partner at Acorn Growth Companies, the private equity backbone of AGC Aerospace & Defense. “The combination of access to capital, operations-centric risk assessment, and ability to mitigate that risk with in-house maintenance capability will define our competitive advantage in this space as we unite the unique attributes of SinglePoint and Valair.”

FMI:  www.singlepointfinancial.com