Aerocentury Corp. - ACY- Profile

AeroCentury Corp.. The Group's principal activity is to invest in used regional aircraft equipment leased to foreign and domestic regional air carriers. Its objective is to increase stockholder value by acquiring aircraft assets and manage these assets to provide a return on investment through lease revenue and eventually from the sale proceeds. It acquires additional assets in three ways: asset selection, lessee selection and obtaining acquisition financing. Currently, its five largest customers are located in Taiwan, Norway, Sweden and two in Caribbean. At December 31, 2005, the Company owned eleven deHavilland DHC-8s, three deHavilland DHC-6s, one Shorts SD 3-60, fourteen Fokker 50s, two Saab 340As, three Saab 340B and one turboprop engine which are held for lease. Invests in used regional aircraft equipment leased to foreign and domestic regional air carriers