LYCOS RETRIEVER
Aircraft Financing
built 632 days ago
Once you are ready, shop around for an aircraft financing company. Approach a lender who specializes in aircraft finance. They will do the necessary paperwork accurately, in time and without much hassles. Make enquiries about several lenders rather than the first aircraft financing company you come across. There is much variation in the expertise and experience available in this sector. So go in for three to five quotes.
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"Coupling the lower cost of light-sport aircraft with the financing terms under this new benefit opens up exciting opportunities for prospective buyers who previously thought they were priced out of the market for a new airplane," Poberezny said. "This combination represents one of the most significant strides in promoting access to recreational aviation since EAA started the amateur-built movement more than 50 years ago."
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The Cape Town Treaty is an international treaty that facilitates the cross-border financing and leasing of aircraft, helicopters and aircraft engines. The treaty established the legal framework for an international registry of the security and leasing interests in aircraft, helicopters and aircraft engines owned or operated by borrowers in countries that have ratified or acceded to the treaty. Airlines have benefited from Ex-Im Bank's more favorable financing terms in seven of the 18 countries that have ratified or acceded to the treaty to date: Angola, Ethiopia, Kenya, Oman, Pakistan, Panama and Senegal.
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As a general rule, Ex-Im Bank is prohibited by law from financing the export of military aircraft or the export of civilian aircraft to a foreign military unit. However, there are several limited exceptions to this general prohibition. Please refer to Ex-Im Bank’s “Fact Sheet on Defense Articles and Services” for a summary of those exceptions (available on Ex-Im Bank’s website). In addition, if the buyer of an aircraft is a police or security force, Ex-Im Bank will require a certification from the U.S. Department of State stating that there is no credible evidence of gross violations of human rights by the specific police or security force unit that will be using the aircraft.
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Aircraft finance refers to financing for the purchase and operation of aircraft. Complex aircraft finance (such as those schemes employed by airlines) shares many characteristics with maritime finance, and to a lesser extent with project finance.
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Mile High Aircraft Finance Corp. does much more than just financing. With our extensive knowledge of the aviation industry, we can refer you to some of the best aircraft sales organizations and insurance companies in the industry. We can ... help you locate a reputable maintenance shop for the very important pre-buy inspection.
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