Aircraft ownership is attainable with careful financial planning that starts with understanding your specific flying needs to select the appropriate aircraft type.
The total cost of ownership extends beyond the purchase price to include significant expenses such as financing, insurance (which varies by pilot and aircraft), and ongoing maintenance and operating costs, typically 10-15% of the aircraft's value annually.
Lenders assess affordability by requiring solid financial records, a debt-to-income ratio below 45% (after factoring in the aircraft), and proof of ability to cover both loan payments and all operational expenses.
The dream of aircraft ownership is one that captivates many aviation enthusiasts.
While owning your own airplane might seem financially out of reach, it’s actually more attainable than you might think. The key is understanding what you can truly afford and making smart financial decisions that align with your flying goals.
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Bringing over 10 years of aviation experience and multiple years in finance, Keller Laseter combines both of those skills to be FLYING Finance’s CCO. His leading knowledge in all categories and classes of fixed wing aircraft helps guide you through the finance process with ease and will leave you knowing you’re in great hands. Keller holds type ratings in the Beechjet 400A/XP/NXT, Embraer E-175 and has many hours in King Airs, along with other high-performance aircraft. Throughout his career, he’s had the opportunity to enjoy the world of aviation and many different operations. As an ATP, CFI, and CFII, aviation is in his blood.
