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| Financing, Insurance and Taxes |
Helo 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...
moreLoan Repayment Becomes More Challenging
October 01, 2008
The specter of aircraft repossessions is starting to loom larger over the business aviation community as more owners struggle to repay loans, according to UK-based consultancy the International Bureau of Aviation (IBA). Mark Wooler, the group’s head of consultancy, told AIN that deteriorating economic conditions are increasingly putting financial pressure...
moreAIG Woes Spark Concern Among Operators
October 01, 2008
As worries about the economic health of insurance giant AIG dominated headlines last month, they also sparked concern among business aircraft operators about the state of their insurance coverage. Mike Nichols, NBAA’s vice president for operations, education and economics, responded, “NBAA recommends that operators who are concerned about their specific...
moreWith court reprieve, Grob staves off bankruptcy
October 01, 2008
Grob Aerospace CEO Niall Olver has been given more time to secure fresh investors for the insolvent German manufacturer of the SPn light business jet. Insolvency administrator Dr. Michael Jaffé has recommended to the German court in which Grob Aerospace GmbH filed for insolvency on August 18 that the company’s bankruptcy protection be extended beyond the...
moreAIG Woes Spark Concern Among Operators
September 18, 2008
The economic health of insurance giant AIG has sparked concern among many business aircraft operators who have contacted NBAA with questions about the state of their insurance coverage. Mike Nichols, NBAA vice president for operations, education and economics, is advising operators to “communicate with their aviation insurance broker about plans and...
moreSeminar: backlogs will sustain industry through downturn
August 01, 2008
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....
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