Welcome!

News Feed Item

Amur Finance Company, Inc. Introduces New Joint Venture

KANSAS CITY, MO -- (Marketwired) -- 03/18/14 -- Amur Finance Company, Inc. (AFC) is pleased to announce that the company has entered into a 50/50 joint venture between AFC and the owners of Jet Midwest, Inc., to form Amur JMW Aviation, LLC (AJMWA). As a culmination of a mutually beneficial relationship, AJMWA will combine the technical expertise currently offered by Jet Midwest with the financial expertise offered by Amur Finance Company -- providing efficient fleet solutions through a network of partner companies. Mostafiz ShahMohammed, founder and CEO of AFC, and Paul Kraus, founder and CEO of Jet Midwest, will serve as Co-Chairs of the Board for the newly formed AJMWA.

Mr. Kraus, Jet Midwest CEO, said, "The formation of AJMWA will provide customers with an unprecedented level of financial and technical sophistication that is currently underserved in the marketplace."

AJMWA will focus on working with customers to develop appropriate solutions which determine the best course of action for mid-life and older commercial jets. These solutions will range from follow on lease arrangements to effectively transferring an aircraft to the part-out stage.

AFC CEO, Mr. ShahMohammed added, "Our perspective is to approach each business decision expeditiously yet with a long term vision, thereby offering highly responsive and innovative solutions which fully serve our clients' needs."

The individual companies will continue to operate their respective businesses, with all aircraft leasing for both companies now administered by AJMWA. Moving forward, this arrangement will offer the global marketplace with truly customer driven and adaptable fleet solutions.

For more information about the joint venture, please visit www.amurjmw.com.

About Amur Finance Company, Inc.

Amur Finance Company, Inc. is a privately held, diversified commercial finance company focusing on the global transportation, industrial and equipment leasing sectors. With over $60 billion of aviation-related finance, trading and investment transactions, the management team has been directly involved in over 350 fixed wing and rotor aircraft transactions around the world. Amur Finance Company, Inc. takes a partnership approach to its investments, providing long-term value through joint ventures and strategic arrangements with world-class entrepreneurs in each industry sector. Aviation is one of Amur Finance Company's core industries, and in partnership with its affiliates and portfolio companies -- Amur Helicopter Financial Services LLC (Amur HFS), Amur JMW Aviation LLC (AJMWA), Jet Midwest Inc., and Diversified Aero Services Inc. (DASI) -- Amur Finance Company offers one of the broadest ranges of services to the aviation industry.

About Jet Midwest Inc.

Jet Midwest Inc. is a full-service commercial aviation company, specializing in the sale and lease of commercial aircraft, engines and parts as well as aircraft maintenance, repair and overhaul services. Since the company's founding in 1997, Jet Midwest has acquired, disassembled, sold and leased more than 300 aircraft, including the Boeing 767, 757, 737, Airbus 320, McDonnell Douglas MD80, Fokker 100, and Fokker 50 series. Headquartered in the KCI Overhaul Base at Kansas City International Airport, Jet Midwest offers turnkey storage, repair and maintenance services as well as warehouse and extensive parts inventory of more than 200,000 line items representing millions of aircraft spares. Jet Midwest Inc. offers full spectrum solutions through three separate companies: Jet Midwest, Jet Midwest Group and Jet Midwest Technik. For more information, please visit www.jetmidwest.com

Media Contact:

For Amur Finance Company, Inc.
Steve Tanis
President
InAvanti
336.324.3420
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The session is centered around the tracing of systems on cloud using technologies like ebpf. The goal is to talk about what this technology is all about and what purpose it serves. In his session at 21st Cloud Expo, Shashank Jain, Development Architect at SAP, will touch upon concepts of observability in the cloud and also some of the challenges we have. Generally most cloud-based monitoring tools capture details at a very granular level. To troubleshoot problems this might not be good enough.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...