Debt ReductionThe sale-leaseback agreement expected to close is seen as favorable, as it should reduce the company’s total debt by approximately 23%.
Increasing DemandBridger Aerospace has experienced increasing demand for exclusive-use aerial firefighting contracts globally, leading to record aircraft utilization.
New Business OpportunitiesManagement is seeking an aerial firefighting contract from potential European customers for the coming fire season, which could lead to new business opportunities.