Aircraft financing company AirFleet Capital, which is marking its 20th year in business, closed its 5,000th aircraft loan last month. AirFleet Capital has focused solely on the general aviation marketplace, transacting an average of 250 loans per year for customers purchasing aircraft, from warbirds to turbine business aircraft. The company also noted “that an increase in retail demand is well matched with bank appetites that continue to rebound.”
Owners of ex-military aircraft are up in arms over a rider to the Senate bill to appropriate military funds for next year. The Department of Defense Authorization Act for Fiscal Year 2002, S.1438, deals mostly with appropriations for regular military expenses but contains a small section, or rider, calling for the “demilitarization” of “significant military equipment” formerly belonging to the DOD.