Replies to post #23903 on Savvy Trades and Investments

[RNsidersbuying]

ACY 8.91 news - AeroCentury Corp. (nyse mkt:ACY), an independent aircraft leasing company, today announced that it has completed the purchase of two Bombardier CRJ 900 aircraft already on lease with Adria Airways, a current customer. The transaction was valued at approximately $37 million.

"This is the second purchase transaction that we have completed in the last two months and demonstrates our commitment to modernizing our aircraft portfolio," said Michael Magnusson, Chief Executive Officer. "With the earlier purchase of two 100-seat CRJ-1000 regional jet aircraft on lease to Air Nostrum, our portfolio is now approximately 65% mid-life regional jets and 35% turboprop aircraft.