Forum Markets Acquires Aircraft Engine for Approximately $12 Million, Advances Plan to Expand Aviation Portfolio to Five Engines
Forum Markets acquired a commercial aircraft engine for approximately $12 million in cash, expanding its aviation portfolio to four income-generating engines. The CFM56-7B engine, purchased from Aero Engine Solutions, is under long-term lease to major U.S. airlines and is expected to produce fixed monthly revenue supplemented by usage-based fees.
Key figures
- Deal Value Usd
- 12000000
- Engine model
- CFM56-7B
- Expected return
- double digits
- Target engine count
- 5
AI analysis
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