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| Financing, Insurance and Taxes |
Special Report: Aviation Finance
December 01, 2009
Financing is available, but buyers must meet stringent requirements
moreGlobal Aerospace Goes To Online Processing
October 22, 2009
Global Aerospace has announced its online insurance certificate processing site, www.eCert.global-aero.com. By early 2010, brokers and customers of the Short Hills, N.J.-based company (Booth No. 1845) will be able to issue and print insurance certificates anywhere in the world. “Territorial boundaries or timing issues will no longer prevent Global, or our...
moreNew Finance Terms Available for Cessna Props
October 22, 2009
Cessna Finance has introduced new lower-rate financing for Cessna piston singles and Caravan turboprops. The program, which applies only to 2009 purchases, covers the Cessna 172, 182 and 206 high-wing pistons; the Corvalis and Corvalis TT high-performance low-wing pistons; and the 208/208B Caravan/ Grand Caravan turboprops. Information about the program is...
moreBofA and Avjet offer bizjet buyers a carrot
October 21, 2009
Bank of America and Avjet Aviation Services yesterday announced a strategic alliance whereby business jet buyers will receive preferred terms if they finance their airplane through Bank of America and enter into a management agreement with Avjet.The companies have offered the deal to three Avjet clients and are negotiating with a fourth customer, said...
moreCapital Aviation Earns STC for Waas in CL600s
October 21, 2009
Capital Aviation (Booth No. 4442) of Bethany, Okla., has gained a supplemental type certificate (STC) for an upgrade of the Challenger 600 series that includes a Universal Avionics Waas-capable flight management system, EFI-890R display upgrade and terrain awareness and warning system (TAWS). The initial upgrade installation, marketed under Capital...
moreWells Fargo and Wachovia Team at NBAA
October 20, 2009
The results of a major bank merger are on display at the NBAA Convention. The aircraft-financing divisions of San Francisco-based Wells Fargo and Charlotte, N.C.-based Wachovia, which was acquired by Wells Fargo on December 31, are showcasing their offerings together in the exhibit hall. “By focusing on the basic strengths of each legacy organization, we...
moreSales, Deliveries down at Dassault
August 01, 2009
Dassault Aviation reported ?900 million ($1.28 billion) in Falcon sales in the first half, down slightly from the ?1.1 billion ($1.56 billion) recorded in the same period last year, but cancellations of previous business jet orders far exceeded sales. Thus, the value of Dassault’s consolidated orders for the first six months was -?1.13 billion (-$1.5...
moreEmbraer: Growth To Return in 2012
August 01, 2009
“Only in 2012 will [business jet] deliveries start growing again,” Embraer executive vice president Luis Carlos Affonso said in a pre-LABACE press briefing. He expects 2010 and 2011 will be “difficult years” for the business aviation industry, but noted that there are already signs that the industry is starting to recover. He said the company will meet...
moreStratos Taking Deposits for Its VLJ
August 01, 2009
Bend, Ore.-based Stratos Aircraft last month began taking refundable $50,000 deposits, which will be placed in escrow, for its four-seat, single-engine Stratos 714 personal very light jet. The first 25 aircraft will be sold for $2 million each, after which there will be a modest, but as-yet-undetermined, price increase. First flight of the Model 714 is...
moreKlapmeier team vying to buy Cirrus program
August 01, 2009
Alan Klapmeier, chairman of Cirrus Aircraft, has formed a team to raise funds to try to buy the Vision SF50 single-engine personal-very-light-jet program from Arcapita Bank, the majority owner of Cirrus. “I feel comfortable that we can do this,” said Klapmeier. “Obviously it’s a difficult time to be raising capital, but that means more focus on funding...
morePre-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...
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