CHARLOTTE, N.C. and WATERFORD, Mich., Jan. 28 /PRNewswire/ -- Bank of America and Pentastar Aviation, a leading aviation services provider, today announced a strategic alliance that provides preferred financing terms for clients who finance their aircraft through Bank of America and take advantage of the business aircraft management services of Pentastar Aviation.

In addition to complete management services and exceptional maintenance and ground handling capabilities, clients who choose Pentastar Aviation as their management firm have the opportunity to generate charter revenue through Pentastar Aviation Charter, Inc.'s charter operations.

"At Bank of America, we are constantly looking for ways to make it easier for our clients to acquire aircraft," said Michael Amalfitano, Corporate Aircraft Finance executive at Bank of America. "This agreement with Pentastar Aviation, which has developed a reputation as a leader in providing aircraft management and maintenance services, means we can offer better transaction terms to our shared clients because of our confidence in the expertise of Pentastar Aviation."

"We are proud to be a preferred management services provider of Bank of America, one of the premier corporate aircraft financers, and their decision to align with Pentastar Aviation further exemplifies our commitment to providing exceptional service," said Rick Maloney, president and chief executive officer of Pentastar Aviation. "The financing options that Bank of America offers potential clients, in conjunction with our established charter programs and experienced support services, make Pentastar Aviation the best choice for aircraft management when considering the purchase of an aircraft."

About Pentastar Aviation, LLC

For over forty years, Pentastar Aviation (http://www.pentastaraviation.com/) has been a leader in the world of private aviation, with locations in Detroit, Chicago and Van Nuys. Pentastar specializes in aircraft management and also offers aircraft charter, complete maintenance and avionics services, and aircraft brokerage. At their Oakland County International Airport (PTK) location, Pentastar provides world-class service and amenities with exceptional in-house executive catering from Fivestar Gourmet. The company has also recently brought its award-winning services to a new full-service FBO at the Van Nuys Airport (VNY). Pentastar Aviation has extensive maintenance capabilities and is the only independently owned Gulfstream Authorized Warranty and Repair Facility in the US.

-------------------------------------------------------------------------------------

Source: Bank of America

Copyright © 2008 PR Newswire Association LLC. All rights reserved.

Presented by InsuranceHeadlines.com