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| Financing, Insurance and Taxes |
Pre-owned Bizjet Inventories Hold Steady
July 01, 2009
“Available business jet inventories look finally to be stabilizing,” UBS Investment Research noted in its latest business jet update, although pre-owned inventory remains at record-high levels, at 18 percent of the in-service fleet. While still 55 percent above prior-year levels, available business jet inventories were roughly unchanged sequentially in May...
moreAviation Insurance
July 01, 2009
As market tightens, insurers look for good risks
moreAircraft Sales Tax Exemption Bill Fails
June 01, 2009
A 21-day sales tax exemption provision for out-of-state residents bringing newly purchased aircraft into Florida failed to pass the Florida Legislature last month. The bill passed the state’s House in late April, but the Senate refused to hear the bill based upon language that “allegedly created a negative revenue impact on the state budget.”
moreBanker tells buyers to get back in bizjet market
May 12, 2009
Sources for financing of corporate aircraft purchases may be harder to find this year than last, but Toennies von Limburg, director of international sales with Bank of America Corporate Aircraft Finance (Booth No. 394), said there is value to be had in what has turned rapidly from a buyers’ to a sellers’ market.The number of financing sources for corporate...
moreBizliner business not yet feeling the pinch
April 01, 2009
Is the bizliner immune to the current economic and financial crisis, or have slumping demand and order cancellations simply not yet caught up with that segment of the industry? Some among the narrow- and wide-body manufacturers say that executive segment of the industry remains relatively healthy and take a somewhat optimistic stance. Others are less...
moreHelo financing still available, but lending criteria stricter
February 22, 2009
Credit is tight, but money is available. That’s the message from Jim Pulie, director of business development for Center Capital’s general aviation division.
Lenders are not exactly getting down on their knees and begging helicopter buyers to accept their money, he said yesterday in an interview with HAI Convention News. But he was also adamant that the...
morePrices adrift as inventory continues to flood the market
February 01, 2009
The standoff between buyers and sellers over the last six months is beginning to show some wear. It seems that sellers had been concentrating on where prices were six months ago, as buyers were predicting where they would be six months forward. The dichotomy in perspectives aided in slowing transactions to a crawl. Recently, however, some sellers have begun...
moreFinance tightens as slump continues
February 01, 2009
As the global economy churns, the aviation finance market holds its breath. A recent report from UK-based aviation analysis firm IBA Group predicts that financing will become even more difficult to secure as the year progresses, as lenders chart a cautious course through the turmoil. “‘Keeping their powder dry’ is how a lot of them describe it, and I think...
moreAviation Finance
December 01, 2008
Lenders and borrowers are charting a cautious course through the roiling economy
moreCenter Capital: financing options still available
October 08, 2008
More than half of Greg Renna’s customers have asked him if Center Capital Corp. is “still giving out money.” “Our response is that we’re still going strong,” said Renna, who serves as senior vice president of the general aviation finance division. Center Capital is wholly owned by Webster Bank, a member of the FDIC. Webster has in turn assured customers of...
moreFinding Money To Buy That Jet Getting Harder
October 08, 2008
Business aircraft buyers can expect loans to be harder to find and more costly, according to Adam Warner, president of Key Equipment Finance, Downers Grove, Ill. “There are fewer players in the finance market because some banks simply don’t have capital to lend,” he said. Those that have money are more selective and now less willing to finance 100 percent...
moreBank of America and Gama Form Alliance
October 07, 2008
Customers who finance an aircraft through Bank of America can arrange more attractive lease terms if they also hire Gama Aviation for management services. Michael Amalfitano, corporate finance executive for Bank of America, and Scott Ashton, vice president for business development at Gama, announced the alliance at Gama’s booth (No. 1247).Amalfitano said...
moreVan Nuys Hosts Meeting on Airport Noise
October 07, 2008
Tomorrow afternoon Van Nuys Airport is holding a public meeting in Van Nuys, Calif., concerning the environmental impact report associated with the airport’s plan to draft an ordinance that would phase out aircraft that generate 77 dBA or more on takeoff. The seven-year phase-out would begin on January 1, with the 77-dBA limit taking effect on Jan. 12,...
morePIM Aviation Introduces Pilots Life Insurance
October 07, 2008
Wichita-based PIM Aviation Insurance, an insurance broker serving the business and commercial aviation market since 1982, recently added life insurance for pilots to its portfolio. Pilots interested in obtaining a free quote can stop by Booth No. 5111. PIM partnered with several insurance companies willing to provide competitively priced life insurance for...
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