Tennenbaum Capital Partners released that certain of its funds have agreed to provide a US$100m engine financing facility to Mesa Air Group, a leading regional airline. The facility will be used to purchase a portfolio of new General Electric CF34-8C5 engines and will provide Mesa with additional financing capacity to support its growing business. “We are investing in Mesa’s long-term growth and operational success through the purchase of these new engines,” said Mesa Chairman and CEO Jonathan Ornstein. “With a fleet of 133 large regional jets and industry-leading performance, Mesa is in a unique position in the airline industry. We thank our finance group for their work on this transaction and TCP and Imperial Capital for their continued support.”
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada