other material
confidence high
sentiment neutral
materiality 0.50
Forum Markets acquires CFM56-7B engine for $11.65M, leases to major airline
FORUM MARKETS Inc
- Acquired one CFM56-7B aircraft engine from Aero Engine Solutions for $11.65M cash.
- Engine placed on lease with a major airline concurrently with acquisition.
- Entered into Servicing Agreement Supplement with Aero Engine as servicer for engine management.
- Transaction executed through newly formed subsidiary Eurus Aerospace Token I LLC.