Monday, September 21, 2015

Financing Older Corporate Jets

          When the “Great Recession” hit in 2008, older corporate jet aircraft values were hit hard. In many cases, values dropped between 30% - 40% from their prior high values.  The significant drop in values and overall national decline in business revenues of companies operating such equipment created a large volume of available aircraft for sale in the market which further reduced values.  Many lenders who financed older aircraft either stopped lending on them or totally got out of the aircraft financing business altogether.  These events created a new problem; it became almost impossible locate a source for lending on such collateral.
          Today, Banterra Bank offers, via affiliate banks and lenders through syndication, competitive older corporate jet financing on collateral as old as 1980.  Aircraft must be owned and operated by U.S. applicants and not used 100% for FAR 135 charter.  Contact the Aircraft Division for rates and terms.

Tuesday, September 15, 2015

National Business Aviation Association 2015 Conference

The NBAA 2015 Annual Convention & Exhibition extravaganza starts November 17th and runs through November 19th in Las Vegas, Nevada. Most all General Aviation and Business Aircraft manufacturers display new products at the static display ramp, which is at Henderson Airport in Nevada. Shuttle busses run attendees to and from the main convention center and airport every 10-15 minutes. This year there will be over 1,000 exhibitors and approximately 100 new business aircrafts on display, in addition to used corporate jets being offered by numerous aircraft brokerage businesses.
If you’re in the market for an aircraft and are considering attending the convention, Banterra Bank offers aircraft loan pre-approvals that are valid for up to 90 days (subject to credit review and approval). With a pre-approval in hand, buyers are more likely to negotiate more favorable terms when negotiating prices on aircraft if they have already arranged for aircraft financing, as sellers know they have serious and qualified buyers.