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AerTech a subsidiary of AerFinance plc completes fund raising for aircraft maintenance organisation

11-24-2008 03:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: AerFinance plc (FRA;3LV)

On the 19th of November 2008, AerFinance PLC and its fully owned subsidiary AerTech Limited signed an investment agreement with the Silesia Investment Fund.

According to the agreement, Silesia Fund will join the share capital of AerTech sp. z o.o.

AerTech will become in the first months of 2009 a fully JAR-145 licensed MRO (Maintenance and Repair Organization) for small and medium general aviation aircraft and the first licensed Diamond Aircraft Service center with repair and overhaul facilities at the new constructed airport in Bielsko Biała (Bielski Park Techniki Lotniczej i Innowacji).

AerTech is one of the first companies in Poland which will offer high quality maintenance and maintenance planning services to private aircraft owners and operators. The partnership with Diamond Aircraft will enable Diamond owners and operators a better support in the region.

AerFinance plc
145-157 St John Street
EC1V4PY, London
United Kingdom
pr@aerfinance.com


About AerFinance plc: AerFinance plc is a public listed holding company with main focus on the aviation market. The Company became first listed on the Frankfurt Stock Exchange (symbol 3LV) in February 2008. In April 2008 AerFinance completed its first acquisition, Direct Fly -the leading air taxi operator in Central Europe.

About Silesia Fund: The Katowice based venture capital fund supports small and medium sized regional businesses. Silesia Fund is partially supported by the EU Regional Development Fund.

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