Integrated Asset Management Corp. (“IAM”) (TSX:IAM) and its private corporate debt group, IAM Private Debt Group (“PDG”), announce the closing of a $12,000,000 senior loan to Georgian Aircraft Corp. (“GAC”). The capital raised by GAC will be used to refinance existing aircraft loans.
GAC is a provider of aircraft leasing and management services. The Company has a 50% ownership in Air Georgian Limited (“AGL”) which is a Canadian airline that operates regional domestic and the United States transborder commercial passenger flights on behalf of Air Canada, the largest airline in Canada, with whom AGL has been a regional partner for the past 18 years.
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