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Understanding
AIRCRAFT Financing
Aircraft financing encompasses the various methods and financial structures used to acquire aircraft, ranging from commercial airliners to private jets. It involves securing the necessary capital to purchase or lease aircraft, often through a combination of loans, leases, and equity investments. This complex field considers factors such as aircraft type, creditworthiness of buyers or lessees, interest rates, residual values, and operational considerations, aiming to provide airlines, corporations, and individuals with flexible and efficient ways to obtain and manage aircraft assets while optimizing financial resources.
how to
Effectively Apply Funds
Most aircraft financing is based on a fixed term of 10-20 years. The older the aircraft being purchased, the shorter the term. Interest rates are most often fixed, and the rate is based on the price of the plane rather than the buyer’s credit score, though a personal score of 700 or greater is most often necessary to begin the purchase process.
We always recommend meeting with our brokers and becoming pre-approved before seeking a purchase. The reason for that is plane pricing is based on many variables. You want to get the most plane for your money, based on planned use. Planes that are used for business bring higher interest rates, and planes that have partial business use and partial personal use can be financed a different way.
The place to start is a conversation, so we can get to know you and your objectives. When it comes to purchase, the sky is the limit. The sooner we start, the sooner we get you to your horizon.
AIRCRAFT Financing Options
Private Jets
Gain access to the world. Private jets open the door to national and international markets without the challenges that come with airline wait times, cancelled flights, and bumped passengers. We’ll help you finance the plane that is right for you.
Propeller planes
Propeller planes are a great option for new pilots and businesses that need to move across regional markets. We regularly work with personal and business buyers across a range of popular prop planes to finance the right kind of plane.
Historical planes
Planes produced earlier than 1970 are generally financed on a case-by-case basis. If you are planning to purchase an older or historic plane, talk with our broker before you begin the process. We find the right partner for your project, and we look forward to discussing your options.
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FAQS
Q. What kind of down payment is expected with aircraft financing?
Private planes commonly start with a 15% down payment and commercial planes require a down payment of 20-30%.
Q. How long is a standard airplane loan?
A standard fixed-rate loan will last up to 20 years. Older planes, or those that are used in regular rotation as part of an airline will have shorter terms based on the wear and tear on the equipment.
Q. Is insurance required prior to financing?
To purchase a plane, buyers must insure the plane. A deductible of $1,000 or less covering full hull and ground in motion and not-in-motion is required to be financed.