Printer Friendly

AIRCRAFT FINANCING TAKES ON NEW LIFE IN FLORIDA AND NEW YORK

 AIRCRAFT FINANCING TAKES ON NEW LIFE IN FLORIDA AND NEW YORK
 OKLAHOMA CITY, March 3 /PRNewswire/ -- Signs that aircraft buyers are expected to return to the market have been signaled by two organizations offering training sessions for loan officials.
 Seth Myer Associates (SMA), Oklahoma City, is working with Florida banks interested in lending to business aircraft operators and the International Air Transport Association (IATA) will be in New York covering the same type lenders that work with airlines.
 According to Bruce Berman, president of Seth Myer, "During the past few years, the market has opened in ways that were unexpected just 16 months ago. Many major credit organizations dismantled or abandoned profitable aircraft finance divisions as an aid to down sizing."
 Berman pointed out, "Businesses that can afford to make a capital investment like a business airplane -- in time like these -- are the type of customers every bank wants. Business aircraft manufacturers are projecting a 1992 increase in sales. At Seth Myer Associates we believe the market is ready for new participants. It appears the IATA sense the same energy building up that we do."
 Berman has built substantial aircraft finance divisions for two of the largest U.S.-based finance firms, Associates Commercial Corporation and Xerox Credit Corporation's Circle Business Credit. The first Florida seminar he will conduct is March 5 in Miami and is for a select group of Florida loan officials.
 -0- 3/3/92
 /NOTE TO EDITORS: The SMA Seminar is all day, March 5 at the Marriott Biscayne Bay, Miami.
 The IATA Symposium is April 29-30 at the Marriott Marquis, New York City./
 -0- 3/3/92
 /CONTACT: Bruce Berman, president of Seth Myer Associates, 800-225-9047/ CO: Seth Myer Associates; International Air Transport Association ST: Florida, New York, Oklahoma IN: AIR SU:


CK-KW -- NY055 -- 4521 03/03/92 13:50 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 3, 1992
Words:306
Previous Article:FORD PRESENTS 'MARKETING EXCELLENCE AWARDS' TO 34 SUPPLIERS
Next Article:SUPREME COURT ACCEPTANCE OF CHURCH OF SCIENTOLOGY CASE
Topics:


Related Articles
TWA CONCLUDES DEAL FOR PAN AM EXPRESS
COMMAND CREDIT SIGNS LETTER OF INTENT WITH JETLEASE FINANCE CORP.
DELTA INTRODUCES NONSTOP SERVICE TO NEW YORK (LA GUARDIA)
United Bank Lands New Nationwide Aircraft Financing Business
GE Capital Aviation Services to Acquire CLPK Airfinance from Credit Lyonnais.
WRITTEN AGREEMENTS APPROVED BY FEDERAL RESERVE BANKS.
ENFORCEMENT ACTIONS.
Aero Toy Store Goes Supersonic.
Etihads Aircraft finance deal wins top award.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters