AvStar subsidiary gains credit
AvStar Aviation Group says its wholly owned subsidiary Twin Air Calypso has obtained a line of credit through Strategic Funding Partners and PROSPAY Merchant Services in Florida.
The line of credit is non-equity, revolving and will be increased as appropriate to revenues. It is the first manifestation of the company’s decision to pursue conventional funding as announced in early June, 2011. Submissions have been made for further such financing and AvStar says it expects to make additional announcements in the near term.
