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FORTBRAND SERVICES LEASE PROGRAM FEATURED IN MARCH 2004 ISSUE OF GROUND SUPPORT MAGAZINE
Plainview, New York, April 12, 2004
The advantages and variations of leasing programs offered by Fortbrand Services were featured in an article entitled "Leasing: Weighing in on Economies of Scale" in the March 2004 issue of Ground Support Magazine. The text of the article relating to Fortbrand Services follows: FORTBRAND SERVICES Another U.S. company that offers a lease option is Fortbrand Services in Plainview, New York. Fortbrand specializes in leasing, financing, renting, trading and dealing in all aspects of airport ground support equipment to customers throughout the aviation industry. Fortbrand has been in the business of leasing, renting and trading in GSE for more than 20 years.
"Leasing is beneficial to different types of customers for different reasons," says Alan Stearn, Executive Vice President of Fortbrand "Leasing preserves the customer's capital, which is extremely important in today's aviation industry environment." Although Fortbrand does not offer leases with maintenance included, they can mold a lease to the needs of the customers. "Leasing can be tailored to the specific cash flow needs of the customer," Stearn says. "It can meet the seasonal equipment needs of the customer." By leasing equipment, a service company can have equipment available for a specific contract term of a customer that it is serving and return the equipment to Fortbrand at the end of the contract. Throughout Fortbrand's 20 years of service, it has come across many different lease possibilities. "Fortbrand can structure a lease to meet any particular customer needs or requirements. Recently, Fortbrand embarked on a program to fill the needs of customers who face capital expenditure constraints and yet need new equipment," Stearn says. "The customer will order equipment from a manufacturer. Fortbrand will purchase the equipment from the manufacturer and lease the equipment to the customer for a short term. At the end of the term, the customer can either extend the lease, return the equipment or purchase the equipment at a predetermined price." According to Stearn, there is nothing standard or typical about the lease program at Fortbrand. They have an extensive fleet of used equipment available for use. "If Fortbrand does not have equipment available from its fleet, Fortbrand will acquire either new or used equipment to satisfy the customer's need," Stearn says. Fortbrand Services is a niche business specializing in the sale, lease and renting of aircraft ground support equipment throughout the aviation industry. The Company also engages in related activities, and acts as a manufacturer's representative for the sale and lease of unique aviation equipment, including the high-speed Vammas PSB 5500H, PSB 4500H, Skiddometer friction measuring unit and related equipment. For additional information contact Alan J. Stearn, Executive Vice President of Fortbrand Services at 516-576-3200, or visit our web site at www.fortbrand.com. |
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