Posted on: 14 February 2014 by Mark Howells
CAVU Aviation Finance has signed a contract with Viking Air for another two Twin Otter Series 400 aircraft.
The additional two Series 400s bring the CAVU order tally (through its subsidiary Loch Ard Otters) to 14 aircraft since programme launch, making CAVU the largest Viking Twin Otter customer to date. CAVU has already taken delivery of its first six aircraft, helping to launch the Twin Otter Series 400 in Papua New Guinea, Tahiti, Turkey, Bangladesh and the United Arab Emirates.
“Loch Ard was one of the original launch customers for the Series 400 Twin Otter programme, and has returned to Viking on more than one occasion to increase its aircraft orders,” commented David Curtis, Viking president & CEO. “We greatly appreciate the customer loyalty Loch Ard has developed with Viking, and its continued confidence in the Series 400 Twin Otter.”
Matt Lorentzen, president of CAVU Aviation Finance LLC, added, “The Twin Otter 400 is the best solution for customers requiring up to 19-passenger capacity in STOL and seaplane configurations. As customer demand grows for new Twin Otter 400s, we are pleased to expand our relationship with Viking with additional aircraft orders, extending our available delivery positions from 2014 through 2016.”
CAVU Aviation Finance is an aircraft investment and finance company with headquarters in Palm Beach, Florida, USA. Through its wholly owned subsidiary Loch Ard Otters, CAVU sells and leases Series 400 Twin Otters to customers worldwide.
Photo shows (l-r): Matt Lorentzen, president of CAVU Aviation Finance and David Curtis, president & CEO, Viking Air