Bridger Aerospace Entered Into JV Partnership With Marathon Asset Management L.P. And Avenue Capital's Sustainable Solutions Fund To Purchase 4 Canadair CL-215t Amphibious Aircraft Awarded In Public Tender Process From Government Of Spain For €4M On Dec 5
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Bridger Aerospace has formed a joint venture partnership with Marathon Asset Management and Avenue Capital's Sustainable Solutions Fund to acquire four Canadair CL-215t amphibious aircraft from the Government of Spain for €4M, as per a public tender process concluded on December 5, according to an SEC filing.
November 22, 2023 | 2:34 pm
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Bridger Aerospace's joint venture to purchase amphibious aircraft could enhance its operational capabilities and market position.
The acquisition of new aircraft through a joint venture is likely to have a positive impact on Bridger Aerospace's operational capacity and market competitiveness. This strategic move could be viewed favorably by investors, potentially leading to a short-term uptick in BAER's stock price.
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