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Banc America, Cessna Renew Leasing Pact (Oct. 14)

CHARLOTTE, N.C. --- Banc of America Leasing and Cessna Aircraft Company today jointly announced a three-year renewal of their existing aviation financing arrangement. First created in 1995, the financing agreement brings together two major aviation entities and affirms Banc of America Leasing as a leader in the corporate aircraft market.

The three-year contract renewal also establishes the newly named Banc of America Leasing/Citation Finance Group as the most successful third party business aviation financing agreement in aviation history.

“The opportunity to continue this long-standing relationship with Cessna is unique,” said Michael Amalfitano, senior vice president of Banc of America Leasing, Corporate Aircraft Finance. “Financing a business jet can be an extremely complex undertaking and this combination now means even greater service for our clients by leveraging the scale, scope and skill of our businesses.”

Banc of America Leasing/Citation Finance Group provides market-leading leasing and financing products to Cessna aircraft operators in the United States and other countries, backed by the power of the second largest banking company in the world, based on market capitalization. It also offers specific industry expertise and extensive product knowledge and experience.

Banc of America Leasing and Cessna Aircraft Company Announce New Three-Year Agreement