Paramount Aviation Services and RESIDCO partner in Flight Simulator Financing
Miami, Florida, April 18th, 2023
Paramount Aviation Services, a leading provider of aviation training solutions, is pleased to announce a new partnership with RESIDCO in the financing of full flight simulators.
As the first step of this cooperation, Paramount and RESIDCO have concluded the sale and long-term leaseback of two Boeing 757 and one Boeing 767 simulators located at Paramount’s Miami flight training campus.
“We are excited to partner with Paramount Aviation Services and expand RESIDCO’s asset based aviation financing and lease services to include full flight simulators ” said Glenn Davis, CEO of RESIDCO. “Paramount’s expertise and experience is a useful resource as we develop business in this sector.”
“Paramount is honored to have RESIDCO as a partner and additional source of financing for its rapidly growing training business” said Vincent La Forgia, President of Paramount. “Our commitment to RESIDCO for the lease of three simulators is considered the first step of a broader commercial relationship between the two companies.”
About Paramount Aviation Services
Paramount Aviation Services provides flight training and simulator services that supports commercial, business, and military flight operations worldwide. Paramount’s Miami International Airport flight training campus is home to a state-of-the-art twelve (12) bay simulator facility situated at 3814 Curtiss Parkway, Miami, Florida, 33166.
About RESIDCO
RESIDCO provides aviation and rail leasing services and has an extensive track record of success in the acquisition, leasing and management of transportation assets. The company’s expertise spans aircraft, engines, and rail equipment, and its strong relationships with airlines, railroads and financial institutions, make it a trusted partner in the transportation industry.
Media Contact:
Sergio R. Casce, Vice President of Sales & Marketing