AEROCENTURY reached forbearance agreement with MUFG Union Bank

Stephen Costley November 08, 2019
AEROCENTURY reached forbearance agreement with MUFG Union Bank after falling out of compliance with its revolving credit facility due to lease payment defaults on three CRJs by Adria Airways; it is now formulating plan to address the issue.
Stephen Costley

Steve Costley is responsible for the overall production SpeedNews. Steve has over 30 years of experience with SpeedNews, now part of the Aviation Week Network. He joined the company in August 1989 as an Associate Editor and was named Managing Editor in 1994. He was also named Vice President and Chief Operating Officer of SpeedNews, Inc., in the late 1990s, and held those titles until Prism Business Media acquired the company from Gil Speed in 2006.

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