FFR reports it has funded $875K of Lease financing for Atlantic Express of L.A., Inc., the fourth largest private school bus operator in North America. The financing was for five 2012 CNG-fueled Bluebird A3RE school buses.
This transaction was partially supported by a $225K clean transportation grant from Mobile Source Air Pollution Reduction Review Committee (MSRC). With a fleet of over 6,000 buses and coaches, Atlantic Express is dedicated to creating an environmentally friendly transportation through alternative fuel vehicles.
“This deal is another demonstration of Fleet Financing Resources ability to provide creative financing for unique equipment to an industry leader such as Atlantic Express”” said Dave Reynolds, President and Chief Executive Officer of FFR. “As the future move towards reducing our carbon footprint, we will be alongside our customers to offer innovative financing solutions as they upgrade their fleet.”