50 SKY SHADES - World aviation news

Stratus Financial secures $30 million credit facility to fund more pilots

Download: Printable PDF Date: 03 Jul 2023 09:46 (UTC) category:
Publisher:
Stratus Financial secures $30 million credit facility to fund more pilots - Maintenance / Trainings publisher
Dana Ermolenko
Aircraft: Airplanes

In June 2023, Stratus Financial successfully closed a new credit facility for $30 million. This credit facility is aimed at increasing the funding capacity for students pursuing their aviation dreams. With this new facility, Stratus Financial will be able to work faster, smarter, and better in the industry, helping more pilots than any other lending facility in the flight training industry.

Brandon Martini, Stratus Financial COO, commented: We are excited to announce the successful close of this new credit facility, which will allow us to fund more pilots than any other source in America. Our sole purpose is to provide additional funding for our students, and this deal will help us achieve our goal of representing student pilots and giving them the best service connections to the aviation world and needed access to capital so that they can achieve their aviation dreams."

Chris Ragland, Stratus Financial CIO, added, "The successful closing of this $30 million credit facility has generated significant excitement among investors who are eager to create more opportunities for students. We are confident that this new facility will enable us to further our mission of providing world-class financing solutions to student pilots."





Recommended

Gulfstream announced new on-site customer support in Singapore strengthening Asia-Pacific service network

Gulfstream Aerospace announced new on-site Gulfstream Customer Support in Singapore, further strengthening the company’s service capabilities across the Asia-Pacific region and reinfor...

Kraków and Palma de Mallorca are now on the map: Etihad Airways lands in two of Europe's most beloved destinations

Etihad Airways announced the launch of two new European routes this June: direct services to Kraków, and Palma de Mallorca. These additions mark a significant milestone in Etihad’s e...

Bombardier delivers first Global 8000 in Africa to Nigeria-based BUA Group

Bombardier delivered the first Global 8000 aircraft in Africa to BUA Group, a Nigerian-based multinational company with interests across cement, food, oil and gas, energy, infrastr...

Prince Aviation hosts CMIG annual summit in Belgrade

Prince Aviation hosted the annual summit of the Citation Mustang Interest Group (CMIG) at its facility at Belgrade airport from 4 to 6 June 2026. The event brought together Citation Mustang owners and...

Android Apps development in Riga, Latvia