Forum Markets buys CFM56-7B aircraft engine for USD 12 million cash
FRMM•Lease income and expected returns
The engine is already on lease, generating fixed monthly payments, with added usage-based fees; projected total returns are in the double digits annually.
Another engine purchase targeted soon
A further engine purchase is being finalized and is targeted to close in the coming weeks, which would lift the portfolio to five engines.
Forum Markets closes all-cash engine purchase
Forum Markets closed an all-cash purchase of a CFM56-7B commercial aircraft engine for about USD 12 million.
The acquisition expands its aviation portfolio to four income-generating engines under long-term leases to major U.S. airlines.
