Republic Financial's Aviation and Portfolio Group Completes Purchase of Two Aircraft
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FOR IMMEDIATE RELEASE
Media Contact:
Christian Hawley
Republic Financial Corporation
303-923-2111
Aurora, Colo., Oct. 2, 2007 - Republic Financial Corporation (Republic), a privately held company with investment interests in aviation assets and a diverse portfolio of operating companies, announced today the acquisition of two Airbus A340-200 aircraft purchased from Airbus Financial Services. The aircraft are currently leased to Royal Jordanian Aviation (Royal Joradanian). With this latest acquisition, Republic's aviation portfolio now includes 15 wide-body aircraft, evidencing Republic's progression toward its expansion goals for the Aviation and Portfolio Group.
"We are extremely pleased to now count Royal Jordanian among our flagship customers," says Paul Mason, president of Republic's Aviation and Portfolio Group. "We hope to enjoy a strong relationship with the company for many years to come."
With extensive global aviation industry experience, Republic invests in aircraft, aviation-related assets and businesses, as well as equipment-lease portfolios.
Not only does this latest acquisition expand Republic's role in the aircraft lease market, it also demonstrates the company's commitment to the expansion of its portfolio on a diverse, international basis.
The A340-200 is a unique aircraft with range capabilities that permit Royal Jordanian to operate effectively from Amman to Chicago, Detroit to Montreal, as well as throughout the Middle and Far East.
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About Republic Financial Corporation
Republic Financial Corporation, located in Aurora, Colorado, is a privately held company with investment interests in a diverse portfolio of operating companies. Representative industries include corporate staffing, construction aggregates, aviation, security software, telecommunications, and data services. The company invests in middle-market companies, small-market buyouts, early-stage venture capital, commercial debt, and aviation assets. Since 1971, Republic has achieved commercial success by developing creative solutions to difficult and complex business situations. For more information visit www.republic-financial.com.