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

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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 has launched FLYING Finance (acquiring Sky Allies Capital) to offer specialized aircraft financing solutions, assisting pilots with purchases ranging from light sport planes to super-midsize jets.
Aircraft financing is complex and depends significantly on the type of aircraft and its intended use, with options including bank loans, home equity loans, and commercial leasing, each with different terms and requirements.
Utilizing a specialized aviation finance broker, like FLYING Finance, simplifies the acquisition process by matching buyers with appropriate lenders, navigating diverse financing options, and potentially saving time and money compared to direct bank approaches.

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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.