Early Bird Special (EBS)

[trading4art]

VIVI: Aircraft Lease Agreement Assigned to Viva

Monday , November 29, 2004 06:38 ET

Viva International, Inc. (VIVI) announced that it had agreed to accept the assignment of an aircraft lease for a SAAB 340A s/n-073 from Bank of America (BAC) and Ford Motor Credit Company (F) as owners. The lease will be administered by State Street Bank and Trust Company.

A Company spokesman was quoted as follows, "Viva's revised strategic plan was to move towards the small commuter type aircraft. The acceptance of the assignment of an existing lease puts us in to the execution phase of building our fleet of aircraft. The Company's plan is to utilize 10 SAAB 340's as the cornerstone of our Caribbean passenger and cargo service. The Company currently plans to obtain an additional five (5) SAAB 340's through its relationship with the Bank of America/Ford Motor connection and seek to satisfy its remaining requirements through other vendors".