FLYING Media Group has acquired Sky Allies Capital, a provider of aircraft finance solutions for the general aviation industry. Sky Allies Capital will be rebranded as FLYING Financial Group.
Currently, Sky Allies Capital offers loans for new and used aircraft, avionics upgrades, engine overhauls, fleet equipment, flight simulators, and more. Sky Allies has a network of more than 100 financial institutions, offering financing solutions for nearly every type of aircraft or equipment in the market. FLYING Financial will continue current Sky Allies Capital programs, as well as create a portfolio of loan and payment solutions built for aircraft owners, pilots, OEMs, dealers, and flight schools.
Meeting the Industry’s Financial Needs
There are two things that all aircraft dealers in the country are focused on—marketing their aircraft to prospective customers and helping prospects find financing solutions to get deals over the finish line. FLYING is planning to create turn-key solutions and packages for dealers and manufacturers that assist in delivering a massive sales funnel of prospects and prepacked financing solutions for ready-to-purchase customers.
In April, FLYING launched a used aircraft marketplace known as Aircraft For Sale and plans to invest significantly in this area over the coming months. Aircraft For Sale is an online marketplace and a newsprint-style edition that is mailed to every FLYING subscriber monthly, with listings from aircraft dealers, OEMs, and individual aircraft owners.
“If you are selling an aircraft, you should consider listing on Aircraft For Sale, which offers the largest circulation of pilots and aircraft owners of any classified listings product in the world,” said Preston Holland, COO of FLYING Media Group. “We plan on combining aircraft listings, aircraft media content, and a finance solution through a single platform. We hope to create a frictionless buying and selling experience for all aircraft transactions.”
Bringing New Lenders into Aviation
In addition, FLYING Financial plans to expand the network of lenders that Sky Allies works with, including programs designed to educate and inform prospective banks about the opportunities and challenges that exist in aircraft financing.
“There are too few financing providers and programs serving the industry today because of the limited number of bankers with personal experience in general aviation. We plan on changing this by creating educational programs and assistance for financial institutions that want to grow their aviation finance portfolios or that seek to build one from scratch,” said Craig Fuller, CEO of FLYING Media Group.
“FLYING has the deepest library of information on aircraft, equipment, and suppliers of any company in the general aviation industry,” Fuller continued. “By combining our content resources and knowledge of the industry, we can help bankers and financial institutions understand the risks and opportunities in general aviation finance. General aviation needs more banks investing in the business, and we plan to develop that.”
Customers that are currently looking for financing, dealers that wish to help their customers find low-cost and turn-key financing solutions, or suppliers/manufacturers looking for white-label programs should reach out to FLYING Financial at [email protected].
About FLYING Media Group
FLYING Media Group is the largest aviation media provider in the world, with content spanning 17 aviation-related brands, including FLYING Magazine, Plane & Pilot, KITPLANES, AVweb.com, and Aircraft For Sale.
With an audience of nearly 3 million monthly visitors and subscribers, the broad reach of the FLYING platform is unmatched by any other aviation media source.