Command Credit Corp. signs $10 million definitive agreement.G. Lucas Lucas (l  `kəs), variant of Luke. , president and chief executive officer of Command Credit Corp. (OTC OTCSee: Over-the-counter. OTC See over-the-counter market (OTC). :CDMD CDMD Configuration Data Managers Database CDMD Chemical Defense Materials Database ) announced the signing of a definitive agreement with Florida-based JetLease Finance Corp. to acquire Fidelity Holdings Inc. The acquisition marks Command's entry into the aircraft leasing markets, and will add $10 million to Command's asset base and generate $1,200,000 in annual revenue for the company. Command Credit Corp. is an international financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company with subsidiaries engaged in bank credit card marketing and servicing, corporate finance, and commercial middle market leasing. JetLease Finance Corp. is a leading U.S.-based aircraft lender and leasing company with a fleet of over 50 jet airplanes. Lucas stated: "With JetLease as our partner, we are assured of success in our initial foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly" raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my this market. The addition of Fidelity will strengthen Command's presence in the corporate and commercial finance markets. Command will earn significant revenues from this transaction and bolster This article is about the pillow called a bolster. For other meanings of the word "bolster", see bolster (disambiguation). A bolster (etymology: Middle English, derived from Old English, and before that the Germanic word bulgstraz the company's bottom line." Mark Blacher, senior vice president and chief financial officer of JetLease, said: "The corporate finance experience of Command Credit will add to JetLease's ability to expand our lease base. In essence, this acquisition of Fidelity by Command will benefit both companies in both the short and long term." Under the terms of this agreement, Command will purchase Fidelity Holdings for investment letter shares (144 stock), and has the option to expand the portfolio by an additional $10 million of new aircraft leases, which would increase annual revenue from this portfolio to $2,400,000. CONTACT: Command Credit Corp., Garden City Lisa Vota, 516/739-8800 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion