Engine Lease Finance (ELF) and parent company BTM Capital have acquired the 49% interest in Aviation Lease Finance (ALF) formerly owned by Volvo Aero North America. The result is that ALF becomes a subsidiary of ELF.
ELF president and chief executive Jon Sharp says: "This has grown ELF's asset base by a further $110 million to help meet our long-term objectives of growth in our core engine business."
Source: Flight Daily News