Financial Institution
A financial institution is a company that provides financial services to customers, including banks, credit unions, insurance companies, brokerage firms, and investment companies. In the aviation industry, financial institutions play a crucial role in providing funding for aircraft purchases, leasing, and maintenance. They also offer insurance products to protect airlines and aircraft owners from financial losses due to accidents, theft, or other unforeseen events. Financial institutions in the aviation industry must comply with strict regulations and standards to ensure the safety and security of their customers and the public.
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