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| Financing, Insurance and Taxes |
Travelers’ Offers Program for Corporate Fliers
April 01, 2008
Travelers’ aviation unit last month introduced a new workers compensation insurance program for corporate flight departments. According to the company, its aviation workers compensation program will provide “top-quality workers compensation coverage” for general aviation flight departments–including pilots, ground crew and administrative staff–to help keep...
moreConklin & de Decker Offers 2008 Tax Guide
February 01, 2008
Conklin & de Decker last month released the 2008 State Tax Guide for General Aviation. The guide contains the latest taxes and fees for all 50 states, as well as sales and use tax applicable to aircraft sales, ownership, lease, parts and labor. The 2008 edition allows users to compare tax rates and exemptions for up to three states side by side and...
moreBank of America Adds Preferred Provider
January 01, 2008
Long Island-based jet charter and management company ExcelAire has been selected to join Executive Jet Management, Jet Aviation and Jet Direct as a partner by Bank of America’s aircraft financing division. According to the bank, customers seeking aircraft financing will be offered discounted lease terms if they select one of these management providers....
moreTravelers Expands Corporate Flight Coverage
January 01, 2008
Atlanta-based Travelers Aviation announced last month that it will expand its corporate flight coverage to include hull and liability insurance for Part 135 and small-business accounts. The new policy, Flight Plan Preferred, provides limits up to $300 million and is “designed specifically for businesses operating smaller turbine/jet aircraft, and for...
moreTravelers Expanding Bizav Insurance Coverage
December 13, 2007
Travelers’ Atlanta-based aviation division yesterday announced that it will be expanding its corporate flight coverage to include hull and liability insurance for Part 135 and small business accounts. The new policy, Flight Plan Preferred, provides limits up to $300 million and is “designed specifically for businesses operating smaller turbine/jet aircraft,...
moreAviation Finance
December 01, 2007
Lenders expect long backlogs to sustain industry through potential downcycle
moreInsurance firm offers mx plan
September 25, 2007
EPG Insurance introduced a out-of-warranty maintenance plan that the company said covers almost all unscheduled repairs on small business jets and turboprops. The coverage plan, called Av-Guard, is restricted to aircraft that sell for $3 million or less. It is effective for 12 months or 500 hours of operation, whichever occurs first.
The policies are...
moreRBS agents here to talk financing
September 24, 2007
Representatives from The Royal Bank of Scotland are on hand at NBAA’07 to provide information about the bank’s corporate aircraft financing entity, RBS Asset Finance.The division writes large, individually structured loans and leases for corporate aircraft ranging in price from $1 million to $250 million with terms lasting between two and 10 years, the...
moreSoftware steers clients through complex decision-making straits
August 01, 2007
The process for deciding whether or how to buy a business aircraft is fraught with seemingly incalculable factors and subjective considerations. Over the past five years a small French company called Aero Capital claims to have developed an armory of software power and expertise that can give prospective buyers a higher degree of reassurance that they are...
moreILFC backs booming 787 sales and finds new lessees
June 20, 2007
An International Lease Finance Corporation (ILFC) order for 50 Boeing 787s, plus conversion of two previously unannounced options (booked earlier this year along with a 777-300ER, for which ILFC was the launch customer) has brought total announced orders for the new twin-aisle twinjet to 634 from 45 customers since its launch in April 2004.The lessor,...
moreAIA Conference
June 01, 2007
Operators win as insurers compete in crowded market
moreFortis offers structured finance to buy a plane
May 24, 2007
Given the bucks or the ability to borrow them, buying a business jet ought to be a straightforward affair. And if you don’t care about the potential downsides, it may be. But the typical business aircraft transaction involves a multinational cast of players and a plethora of contracts to go with them. Stefan Müller, CEO of Lausanne-based Fortis Lease...
moreCiti helps buyers finance their business jets
May 24, 2007
The boom in demand for business jets is inevitably pushing prices skyward, and Citi Private Bank is here (Booth No. 858) to help would-be buyers finance their airplanes.Mary Schwartz, Citi’s aircraft finance director, said here on Monday that sales of new aircraft amounted to $13 billion in 2005. Transactions involving used aircraft were worth another $30...
moreJetalliance offers new kind of aircraft lease
May 23, 2007
Austrian-based operator Jetalliance announced here on Tuesday that it is now offering what it claims to be a new kind of business aircraft financing called asset-based leasing. Under the scheme, a firm or individual agrees to make a down payment for part of an aircraft–say, 30 percent. Jetalliance then buys the aircraft from the manufacturer. It will then...
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