Aery Aviation Secures a Million Dollar Line of Credit for Expansion and Growth

Newport News, Va. –  Aery Aviation, an aviation services firm, announced today that it has entered into an agreement for a secured working capital line of credit for its ongoing growth.  Under the terms of the agreement, Aviation Capital Partners will provide a revolving line of credit for up to $1 million dollars.

“Aery will utilize this working capital line of credit for upcoming projects and awarded government contracts.  We’re excited to secure this financing which will allow Aery to expand our product offerings, infrastructure and capabilities”, says Robert Dynan, Aery Chief Financial Officer.  “In addition, we are pleased to be partnering with ACP, a trusted and respected company in the aviation financing market, to provide us with the financial flexibility needed to continue on our growth trajectory. The line is sized to handle our rapidly growing needs for project cash flow and infrastructure investment for the foreseeable future and will be fundamental to reaching our long-term business targets.”

“Aery has seen tremendous growth over the last 18 months and is poised for further growth in 2018 and beyond.  With the size and scope of its projects, Aery has secured a million-dollar operating line of credit from Aviation Capital Partners to support its current and future contracted projects.  Aery has experienced multiple times revenue growth year over year with anticipated 2018 revenues exceeding five times our 2017 revenues”, says Steve Walton, Aery Chief Executive Officer.

For more information on Aery, visit www.aeryaviation.com

 


 

MEDIA CONTACT:
Scott Beale, public relations manager
press@aeryaviation.com | +1 757-271-1600, extension 402

ABOUT AERY AVIATION: Aery provides design, engineering, systems integration, modifications, certification, maintenance and flight operations solutions that support critical aviation mission requirements for a variety of customers including the United States Department of Defense, other U.S. government agencies, foreign governments and select corporations and individuals in the private sector.  Our experienced team of professionals provides efficient, economical and flexible service that responds to the most challenging demands facing the aviation industry today. Our commitment to safety, compliance and security has earned us a reputation as one of the most forward-thinking aviation companies worldwide. We are headquartered in Newport News, Virginia and are deployed globally to meet our clients needs.

FORWARD LOOKING STATEMENTS:
This communication contains forward-looking statements that involve a number of judgments, risks and uncertainties concerning Aery Aviation, LLC., its subsidiaries and their expected financial and operating performance and plans. Actual events or results could differ materially from those described or implied herein, including as a result of risks described in reports filed with various entities, and other risks and uncertainties. We do not undertake any obligation to update any forward-looking statements to reflect events or results after the date they were made, whether as a result of new information, new circumstances or otherwise, except as may be required under applicable laws.

AERY AVIATION, LLC
305 Cherokee Drive | Newport News, VA 23602
+1 757-271-1600 | +1 877-271-1658 | info@aeryaviation.com