Ground Support Worldwide

OCT 2012

The ground support industry's source for news, articles, events, product and services information.

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Somerset GSE Finance Ltd. provided a $1 million lease line for Metro Flight Services to handle cargo at Detroit Metro Airport. FULL SERVICE Asset Management For GSE Rent, lease, trade-in, buy/sell or refurbish, Somerset GSE Finance, Ltd., specializes in 'cradle-to-grave' financial services for the GSE industry. By Steve Smith W illiam Long didn't start out to offer financing for ground support equipment, but since 2011 he's building a global lessor specializing in what he calls "cradle-to- grave" asset management and financial services for the aviation industry. "The primary business of a ground handling company, airline and cargo car- rier is to move and fly people, baggage 12 GROUND SUPPORT WORLDWIDE r 0DUPCFS and cargo around, and not be an asset manager," says Long, senior vice presi- dent, Somerset GSE Finance, Vernon, NJ. "That's the role we play." In short order, Somerset GSE Finance has developed a wide array of asset management and financial services that as Long puts it, "specifically target synergistic vertical services all tied to GSE capex and service." In other words, if a customer needs to rent, lease, trade-in, refurbish or dispose of excess GSE, Somerset has a solution to make it happen. About three years ago, Long, a veteran leasing professional with three decades of leasing and finance experience, joined Somerset Capital Group, Ltd., Milford, CT, that's been

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