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Aircraft and Aviation Financing Marketplace Connecting you with specialized aviation financing providers |
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INTERNATIONAL AIRCRAFT FINANCING
We offer both traditional credit based and non-traditional collateral based aircraft financing internationally. Credit based programs require financial statements, tax returns or a combination, and a complete company or guarantor credit background investigation. Should you qualify for credit financing, you can expect your interest loan rate to be less than collateral based products. Country risk restrictions may apply. NON RECOURSE-COLLATERAL BASED AIRCRAFT FINANCING
What is Non Recourse or Collateral Based Financing? Most aircraft financing programs are credit based, meaning the borrower or guarantor's credit is the main determining factor in the loan decision. However, some lenders offer collateral based lending programs which are driven by the asset (i.e. aircraft) and not so much the borrower or guarantor's credit. Rates are slightly higher with collateral based programs but they offer the borrower/guarantor an option to get the financing without having to be a guarantor with recourse to pay back the loan. In cases of default, the lender will take back and remarket the aircraft to get their money back. Sometimes the lender will not offer the highest loan to value in collateral based transactions but each transaction is viewed differently and is subject to the lender's comfort level. Recourse is limited because the borrower/guarantor's obligation is to properly maintain the aircraft according to the lender's contract (i.e. be on some type of professional airframe and engine maintenance program) and maintain adequate insurance coverage as specified by the lender. Click on the link below if interested in recourse or non- recourse financing
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