Finance, Taxes, Insurance
Monte Will Add Regent's Sea Gliders to Lease Portfolio
An agreement signed at CoMotion Miami has a reported value of $300 million
Regent Viceroy electric sea glider
Leasing group Monte will add Regent's Viceroy electric sea glider to its lease portfolio through a new maritime finance division.

Leasing group Monte is to offer financing options for operators of Regent’s wing-in-ground-effect electric-powered sea gliders under an agreement announced by the companies this week. Monte has committed to adding both the 12-passenger Viceroy and the planned 100-passenger Monarch to its portfolio, without specifying how many of each type it will buy in a deal with a reported value of $300 million.

In March, UK-based Monte launched a new maritime division to build on its offering in the regional aviation sector by specializing in new electric sea vessels. Regent is the first manufacturer to agree on terms with the new business unit in a partnership arrangement sealed during this week’s CoMotion Miami event.

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