Quasar Aerospace Industries, Inc. and its subsidiaries, Atlantic Aviation, Inc. and A-Cent Aviation, Inc., is pleased to announce the introduction of a program to allow pilots to finance their flight training through Finance2Fly.
Finance2Fly specializes in unsecured personal financing for flight training expenses. Student pilots may qualify for personal unsecured credit lines from $5,000 to $50,000 that can be used to complete training to any qualification level. Approval is available in as little as seventy-two (72) hours and the loans will be a revolving line of credit with payments as low as two percent (2%) of the outstanding balance.
Securing adequate funding is one of the major issues influencing a student's decision to enroll in a pilot training program. This innovative financing program will simplify the application process. The students have no out-of-pocket expenses and the eligibility requirement will allow access to funds for most students with average credit scores.
Quasar's flight schools in Jacksonville, Florida and Colorado Springs, Colorado will benefit greatly from the increased enrollment of students and increased tempo of student certification completions. The flight schools are experiencing a record amount of enrollment in part due to the availability of access to financing options and third party benefits.
We will continue to update our shareholders and the investment community as events unfold.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Quasar Aerospace Industries, Inc. under take no obligation to update such statements.
Quasar Aerospace Industries, Inc.