Financing, Insurance and Taxes » Aviation Financing

Issues regarding financing of aircraft.

July 30, 2008 - 6:12am

Analysts at last year’s Corporate Aircraft Transactions conference agreed that the business jet market was “extremely strong” at the time, but they also expressed doubt that the boom would continue indefinitely. “There are signs that concern us,” said David Strauss, executive director, U.S. aerospace and defense senior analyst for UBS Investment Research. “We’re uncertain how much higher the market can go.”

July 30, 2008 - 5:15am

Buying an aircraft can be a daunting task. Unless a company or individual has deep pockets, it will inevitably require either leasing with an option to buy or financing a purchase. Even if paying in cash is an option, doing so can be problematic. Dave Labrozzi, senior v-p and general manager of Danbury, Conn.-based GE Corporate Aircraft Group, explained the difference between leasing with an option to buy and outright purchase.

July 14, 2008 - 10:56am

Small businesses, including FBOs and general aviation airports, still struggling to secure emergency operating funds may find relief from $4.5 billion in new lending authority approved by Congress and signed by President Bush. The cash infusion will enable the Small Business Administration to make 19,000 new emergency loans, according to Sen. Kit Bond (R-Mo.).

June 30, 2008 - 7:25am

Business aircraft owners who want to move up have the option to engage in a “like-kind exchange”  that could save thousands of dollars in capital gains taxes, according to Tonya Fritts, vice president and relationship manager for North Carolina-based Wachovia Exchange Services (Booth No. 3769).

June 20, 2008 - 5:52am

Chicago-based Jet Support Services Inc. (JSSI) and Fleet Capital Leasing have entered into a strategic alliance agreement to bundle JSSI’s engine, airframe or tip-to-tail hourly cost maintenance program with Fleet Capital aircraft financing.

June 9, 2008 - 6:27am

On May 6, very light jet air-taxi operator DayJet put its growth plans on hold after failing to obtain another $50 million in funding to progress to the next stage. As a result, the per-seat, on-demand air taxi laid off 100 of its roughly 260 employees and seeks to sell or lease 16 of its 28 Eclipse 500s.

May 21, 2008 - 11:45am

Noticing that aircraft finance companies were more prominent here this year, EBACE Convention News did a quick walkabout to see when they first had booths at the show and what their impressions were.

May 19, 2008 - 1:33am

Following an earlier initiative in the luxury-yacht market, international banking and insurance financial-services provider Fortis (Booth No. 1175) has formed Fortis Executive Aircraft Group. Capitalizing on the experience of Swiss lessor Dreieck Industrie Leasing, which it acquired two years ago, the group has established a “competence center” in Lausanne, Switzerland, with representatives in London and the Isle of Man.

May 17, 2008 - 11:37pm

Business aviation financiers exhibiting here at EBACE’08 have arrived in Geneva largely uncertain about the full implications of the ongoing squeeze on the global credit market and the availability of funds to pay for aircraft purchases. Last month, EBACE Convention News approached six banks listed as exhibitors, but only two–Citi Private Bank (Booth No. 1441) and Bank of America (Booth No.

May 15, 2008 - 10:56am

Time is ticking, and Fairchild Dornier has only two months to find a strategic investor. In the hands of a court-appointed administrator since filing for insolvency on April 2, the company’s prospects may have grown even bleaker when one of its biggest customers–GE Capital Aviation Services–withdrew an order for fifty 728 regional jets last month.