Paramount Aviation Services Announces Flight Simulator Financing Partner RESIDCO

19th Apr 2023

Florida, United States based full flight simulator training center group Paramount Aviation Services, a leading provider of aviation training solutions, is pleased to announce 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.”

“Paramount is honored to have RESIDCO as a partner and additional source of financing for its rapidly growing training business,” said Vincent La Forgia, President of Paramount. “Our commitment to RESIDCO for the lease of three simulators is considered the first step of a broader commercial relationship between the two companies.”

About Paramount Aviation Services

Paramount Aviation Services provides flight training and simulator services that supports commercial, business, and military flight operations worldwide. Paramount’s Miami International Airport flight training campus is home to a state-of-the-art twelve (12) bay simulator facility situated at 3814 Curtiss Parkway, Miami, Florida, 33166.


RESIDCO provides aviation and rail leasing services and has an extensive track record of success in the acquisition, leasing and management of transportation assets. The company’s expertise spans aircraft, engines, and rail equipment, and its strong relationships with airlines, railroads and financial institutions, make it a trusted partner in the transportation industry.

Source: Paramount Aviation Services Press Release
Photo Credit: Paramount Aviation Services (shown as meta image)

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