Aircraft Engine Lease Finance (AELF) has completed a $40 million credit facility with Merchants Bank.  “Merchants Bank has become a great partner to us over the last six years,” said Joe Cirillo, COO & Head of Global Marketing for AELF. “The Merchants team is a great group who’ve taken the time to understand our business and provide capital solutions which allow us to achieve our business development objectives. Relationships like Merchants Bank are important to AELF as we actively expand our 737-800 portfolio and take advantage of current market opportunities.”   The credit facility is collateralised, in part, by four of the company’s

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