TES Aviation Group to increase company's share capital by DVB Bank SE

TES Aviation Group announces an increase in the Company’s share capital by DVB Bank SE as part of an ongoing programme to increase funding facilities of the business for the acquisition of aircraft and engines. Bob James, Managing Director and CEO (Joint) said “We are delighted to see the continued DVB financial commitment to the TES business model, which comes at a time in the cycle where liquidity is clearly a major factor, lenders are retreating from the market, and many of our competitors simply struggle to raise funding to close transactions. With DVB’s support, TES will continue to pursue its focused investment activities to promote its short-tem engine leasing and materials supply business”.