What Are Your Options When Financing an Airplane?

The FLYING staff delves into the myths associated with financing an aircraft.

Tuesday, February 06, 2024 at 10:48 AM ET

Verified

Having an adviser specializing in aircraft financing can help you to navigate the most likely path to securing the funds for the transaction. [iStock]

Key Takeaways:

FLYING Media Group launched FLYING Finance (formerly Sky Allies Capital) to provide specialized assistance to pilots seeking aircraft ownership, simplifying the financing process.
Aircraft financing varies significantly by aircraft type, with common options for private owners including bank loans (requiring 15-20% down) and home equity loans, while leasing is primarily for commercial operations, potentially offering 100% financing at higher rates.
A specialized aviation finance broker can navigate the complexities of securing funds, match buyers with suitable lenders, offer creative solutions, and potentially save time and money compared to traditional banks.

See a mistake? Contact us.

While an approach to minimums in a light twin may leave you with your hands full, most pilots recognize the path to proficiency and success in this scenario. What may not be as clear—if you don’t come from a finance background—is how to turn the dream of owning an airplane into reality.

As FLYING Media Group expands its portfolio of services to pilots, it recently acquired Sky Allies Capital, a nimble player in the aviation finance market, to help our readers find the path to aircraft ownership. Now, as FLYING Finance, the team we’re bringing on board will assist pilots in transitioning to owners, whether the deal is for a light sport airplane or a super-midsize jet.