Paramount Aviation Services Partners with RESIDCO

Paramount Aviation Services has entered a new partnership with RESIDCO in the financing of full flight simulators.

As the first step of this cooperation, Paramount and RESIDCO have concluded the sale and long-term leaseback of two Boeing 757 and one Boeing 767 simulators located at Paramount’s Miami flight training campus.

"We are excited to partner with Paramount Aviation Services and expand RESIDCO’s asset-based aviation financing and lease services to include full flight simulators, " said Glenn Davis, CEO of RESIDCO. “Paramount’s expertise and experience is a useful resource as we develop business in this sector.”