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.