Montrose Global LLP to Purchase Five Viking Series 400 Twin Otters
Farnborough, England, July 14th, 2014: Viking Air Limited of Victoria, British Columbia, and Montrose Global LLP of London, England, have signed a proposal for the purchase of five Twin Otter Series 400 aircraft, making Montrose the first customer for the type in the United Kingdom.
The deal for the five Twin Otter Series 400, to be offered by Montrose to airlines on an operating lease basis, is expected to be finalized in the coming weeks. The aircraft will be offered in a variety of configurations, including amphibious float provisions, and are scheduled for delivery starting in late 2015 through 2016.
"Global demand for the Twin Otter continues to be robust, attracting an increasing level of interest from the aircraft leasing community who recognize the outstanding value proposition of an aircraft with worldwide market acceptance," said Richard Libby, Viking Director of Aircraft Sales. He added, "The Twin Otter has a long history of exceptionally strong residual value and worldwide market acceptance, making it an ideal asset to offer on operating leases. It is clearly the class leader in its category, and we are extremely excited by the opportunity to make the aircraft available to lease customers around the globe through Montrose."
About Montrose Global LLC
Montrose is an alternative asset based investment and management company focused on the leasing and financing of large ticket assets, private equity and real estate development. Montrose has made investments in the private aviation, real estate, energy saving and leisure sectors, with a main focus in the aviation market in turboprops and regional jets.