Toni Perazzo
Chief Financial Officer
(650) 340-1888
FOR IMMEDIATE RELEASE
AEROCENTURY CORP. ANNOUNCES AIRCRAFT TRANSACTIONS
(BURLINGAME, CA), April 25, 2006 -- AeroCentury Corp., (ASE:ACY), an independent aircraft leasing company, today announced a new lessee for its Saab 340A aircraft and the sale of its remaining Shorts SD3-60 aircraft.
The first Saab 340A aircraft, serial number 12, was leased to RegionsAir for a term of 24 months with an extension option. Serial number 12 is the first of two Saab 340A aircraft to be leased to RegionsAir under a term sheet between the Company and Regions Air.
RegionsAir, based in Smyrna, Tennessee, currently operates 12 aircraft pursuant to code-sharing agreements with American Airlines and Continental Airlines providing service to small and medium-sized communities as part of the Federally-subsidized Essential Air Service (EAS) program.
The Shorts SD3-60 aircraft, serial number 3732, was sold to a U.S. operator.
AeroCentury is an aircraft operating lessor and finance company specializing in leasing regional aircraft and engines utilizing triple net leases. The Company's aircraft and engines are on lease to regional airlines and commercial users worldwide.
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