Bengur Bryan acted as financial advisor to Champlain Enterprises, Inc., d/b/a CommutAir, in privately placing lease financing for five Bombardier Q300 turboprop aircraft and senior subordinated notes to fund the integration of the aircraft into CommutAir’s operation.
CommutAir is a privately-owned regional airline headquartered in South Burlington, Vermont and operates as United Express and Continental Connection. The Company provides scheduled passenger air transportation to and from the Newark and Cleveland hubs, and surrounding cities in eight states and Canada, under contract to United Continental Holdings, Inc. (NYSE:UAL) using a fleet of modern Bombardier turboprop aircraft.