Financing, Insurance and Taxes

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

May 5, 2014 - 3:25am

There is good news and bad news when it comes to financing for pre-owned business aircraft. The good news is that financing is available for aircraft buyers; the bad news is that banks are primarily lending only to those with exceptionally good credit who are buying an aircraft that is less than 20, and even in some cases less than 10, years old, according to a panel of aircraft financiers at the recent NBAA Aircraft Registration, Finance and Legal Conference in St. Petersburg, Fla.

April 22, 2014 - 3:00pm

Minsheng Financial Leasing’s (MSFL) order for 60 Gulfstream jets (40 firm, 20 options) announced last week at ABACE in Shanghai is in addition to, not further confirmation of, a $2.6 billion order for 50 Gulfstreams under an MoU signed between the two companies in July 2011. Thus, Minsheng now has up to 110 Gulfstreams on order–a mix of G280s, G450s, G550s and G650s–that AIN estimates are worth approximately $5.6 billion, including options.

April 15, 2014 - 10:32am

Minsheng Financial Leasing (MSFL), Asia’s largest business jet leasing firm, announced nearly $3 billion in orders with Gulfstream and Bombardier today at ABACE 2014 in Shanghai. It placed the orders from both OEMs in the fourth quarter.

February 25, 2014 - 2:15pm

Product liability insurance isn’t your everyday policy. “Without experience in aviation law, regulations and coverages, generalist insurers don’t understand the risks,” explained Jaime Benthusen, product liability director for NationAir Aviation Insurance (Booth No. 5105). Benthusen was on hand at Heli-Expo 2014 to introduce the company’s product liability coverage and risk assessments for rotor-wing aftermarket parts firms.

February 24, 2014 - 4:34pm

San Francisco-based Macquarie Rotorcraft Leasing (MRL) purchased two Sikorsky S-92As for its growing fleet aimed at supporting operators in the oil-and-gas and search-and-rescue markets, the company announced today at Heli-Expo. The two S-92s will be leased back to Avincis subsidiary Bond Offshore Helicopters and will be delivered in the second quarter. MRL, a wholly owned subsidiary of Australia’s Macquarie Bank, also purchased two S-92As and two S-76Ds in November and recently added an additional S-76D and two other helicopters to its roster.

February 12, 2014 - 9:45pm

The vibrant aerospace sector here in Singapore is perhaps best illustrated by the activities of Singapore Technologies Aerospace (ST Aerospace, Booth G01/L01). Last week, the company celebrated a $20 million revamp and expansion of its original home at Seletar with an official opening.

February 12, 2014 - 12:25am
A Jetstar Asia Airbus A320 sits on the apron in front of ST Aerospace’s facilty at Changi Airport, here in Singapore. ST Aerospace and Jetstar Asia have signed a three-year contract covering line maintenance of the carrier’s A320 fleet here at Changi Airport, supported by local base-maintenance facilities. A new narrowbody hangar can accommodate two A320s simultaneously and has increased ST Aerospace’s global hangar capacity to 38 widebody bays, 27 narrowbody bays and 24 general aviation bays.

The vibrant aerospace sector here in Singapore is perhaps best illustrated by the activities of Singapore Technologies Aerospace (ST Aerospace, Booth G01/L01). Last week, the company celebrated a $20 million revamp and expansion of its original home at Seletar with an official opening.

October 23, 2013 - 3:30am

As most NBAA attendees will attest, the safe and legal operation of an aircraft is a complex task. With a seemingly endless list of agencies to answer to, it is all too easy for something to fall through the cracks. Aviation law specialist Advocate Consulting Legal Group (Booth No. C9314) assists its clients in developing and implementing entity structures and contractual arrangements to maximize tax savings, while complying with FAA, DOT and state regulatory requirements.

October 22, 2013 - 8:00am
Janine K. Iannarelli

Janine Iannarelli, president of Par Avion aircraft consulting, based in Houston, Texas, has weathered the storm, but after 17 days with international deals on hold she wasn’t excited by the solutions the U.S. Congress and executive branch came up with to deal with its debt and budget problems.

The way Iannarelli tells it, when the FAA aircraft registry shut down, sales deals shut down with it. “New aircraft couldn’t be delivered and any transactions that needed the registry basically had to wait,” she explained to AIN.

September 13, 2013 - 10:50am

Ilyushin Finance Co. (IFC) is entering the business aviation market with plans to have some of the airliners it has on order for its lease portfolio outfitted with VIP interiors. For the most part, the aircraft to be offered for lease for private and corporate clients will be Russian-made airliners, such as the Tupolev Tu-204 and Antonov An-158, but IFC also has orders for new aircraft such as Sukhoi’s Superjet SSJ-100 and Irkut’s MC-21.

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