ACY AeroCentury

AeroCentury Corp. Announces Lease Terminations

AeroCentury Corp. Announces Lease Terminations

BURLINGAME, Calif., Sept. 23, 2019 (GLOBE NEWSWIRE) -- AeroCentury Corp. (NYSE American: ACY) (the “Company”), an independent aircraft leasing company, today reported the termination of several leases with one of its customers.

After many months of working closely with Adria Airways in Slovenia as it worked to improve its financial condition, today the Company gave notice to Adria of the termination of its leases for two CRJ 900 aircraft with immediate effect, due to the accumulation of substantial payment defaults by the airline under its leases with the Company.  At the same time, the Company gave a default notice for its last remaining CRJ 900 aircraft on lease to Adria.  If Adria does not cure its payment defaults to the Company by September 27th, then this last remaining lease contract will be immediately terminated.  The Company intends to regain possession of these three aircraft as quickly as possible and prepare the aircraft for lease or sale.  

On September 20th, Adria returned a fourth CRJ aircraft that was leased by the Company to Adria and the lease was terminated.

About AeroCentury: AeroCentury is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines. The Company's aircraft and engines are leased to regional airlines and commercial users worldwide.

Toni Perazzo

Chief Financial Officer

(650) 340-1888        

 

EN
24/09/2019

Underlying

ACYAeroCentury

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on AeroCentury

 PRESS RELEASE
Free
ACY AEROCENTURY

Mega Matrix Announces the Successful Completion of Investor Day and th...

Mega Matrix Announces the Successful Completion of Investor Day and the Publication of Articles from Grit Daily and Smartech Daily, highlighting FlexTV PALO ALTO, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- Mega Matrix Corp. (“Company”) (NYSE American: MPU) is pleased to announce the successful completion of Investor Day event. The media, Grit Daily and Smartech published articles, after attending our Investor Day, spotlighting FlexTV as an innovator in the entertainment industry. FlexTV is operated by Yuder Pte, Ltd., an indirect majority-controlled subsidiary of us. Grit Daily “Transf...

April 4, 2024 1 EN
 PRESS RELEASE
Free
ACY AEROCENTURY

Mega Matrix Corp. Announces Investor Day Event

Mega Matrix Corp. Announces Investor Day Event PALO ALTO, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Mega Matrix Corp. (NYSE American: MPU) (the “Company” or “MPU”) is pleased to announce the forthcoming 2024 Investor Day Event, scheduled for April 3, 2024, at 10:00am ET. This significant gathering will be held at the prestigious Hamilton Room of the New York Stock Exchange. The Company will provide insights into its strategies, achievements, and future plans and look forward to sharing the progress and engaging with all the investors during this event. Additionally, the slides to be pre...

April 2, 2024 1 EN
 PRESS RELEASE
Free
ACY AEROCENTURY

Mega Matrix Corp. Appoints Mr. Songtao Jia as Chief Strategy Officer

Mega Matrix Corp. Appoints Mr. Songtao Jia as Chief Strategy Officer PALO ALTO, Calif., March 22, 2024 (GLOBE NEWSWIRE) -- Mega Matrix Corp. (NYSE American: MPU) (the “Company” or “MPU”) is delighted to formally welcome Mr. Songtao Jia, the seasoned professional with extensive experience, to our team. Mr. Songtao Jia will be taking on the role of Chief Strategy Officer for MPU. Mr. Jia has an impressive background in technology and management, having previously served as the Executive Vice President of Lucent Technologies China and as the General Manager of Petro Titan Hong Kong. He grad...

March 22, 2024 1 EN
 PRESS RELEASE
Free
ACY AEROCENTURY

MEGA MATRIX CORP. Provides Business Update

MEGA MATRIX CORP. Provides Business Update PALO ALTO, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- Mega Matrix Corp. ("MPU" or the "Company") (NYSE American: MPU), today provided a business update. Recent Events During the first quarter of 2024, the company ceased its crypto-related business operation and is concentrating on its short drama streaming services. This transition is evident by the following significant events: On November 15, 2023, the Company entered into a non-binding letter of intent to acquire 60% of the voting capital stock of Yuder Pte, Ltd. On January 8, 2024, the Com...

March 18, 2024 1 EN
 PRESS RELEASE
Free
ACY AEROCENTURY

Mega Matrix Announces short drama “Love in the Dark” Coming soon on Fl...

Mega Matrix Announces short drama “Love in the Dark” Coming soon on FlexTV An Extraordinary Tale of Romance Between the Heiress and Her Bodyguard PALO ALTO, Calif., March 14, 2024 (GLOBE NEWSWIRE) -- Following the explosive success of the hit series "Mr. Williams! Madame Is Dying," which reached $2 million USD in top-up fees within a week and total top-up amount reached $3.5 million by the end of February 2024, the short drama platform FlexTV has announced its latest series, "The Heiress and Her Bodyguard," is set to premiere soon. This new short drama is anticipated to be one of the mo...

March 14, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch