Message from Sharon Desfor President, HeliValue$ Inc.:

Uh-oh, I made a mistake! At the ELFA 54th Annual Convention, I was talking about the aircraft value implosion of 2008 and how the liquidity crisis played into the drop in values. I said that “B of A mostly got out of helicopters.” I was wrong, and Bank of America is still quite involved in helicopter finance. In fact, the company’s policy with respect to helicopter financing has not changed in the 16 years since their aircraft finance group was formed in 1999. B of A continues to finance both fixed wing and rotary wing aircraft.

My sincere apologies to my audience and to Bank of America for my error.

Sharon Desfor President, HeliValue$ Inc. Co-speaker: Update on the Current Aviation Financing Market, ELFA 54th Annual Convention