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“We hope that pursuing closing resolution on the Drake indebtedness in the Chapter eleven sale procedure, we will get fast acceptance for just a reorganization prepare and will be able to immediately arise from Chapter eleven,” stated Michael Magnusson, the corporate’s CEO. “AeroCentury intends to stay a public company specializing in the regional plane field. Having a cleanse equilibrium sheet, we will be primed for instant execution of the recapitalization approach that will allow us to resume and build on our asset leasing, finance and management small business,” Mr. Magnusson continued. “We believe this type of re-emergent, recapitalized, and re-energized AeroCentury Corp.

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