Nextant Aerospace launched a financing plan that targets aircraft costing between $2 million and $10 million, a market it says has been underserved by banks in recent years. The company is offering a range of flexible financing packages for customers pursuing the Nextant 400XTi light jet and G90XT twin turboprop. Terms are available from two to 20 years, and a variety of lease types are available. Fixed or floating rates are offered, with fully amortizing or balloon payments.
United States housing bubble
Until this most recent, long and painful recession, the rule of thumb followed by those who analyze the business aviation market is that aircraft sales, new and used, follow an increase in corporate profits by about 18 to 24 months. Assuming this to be true, then business aviation should already be showing healthy growth and the completion and refurbishment segment should be close behind. But it hasn’t happened yet.
NBAA released a new study today showing that even during the worst economic times since the Great Depression, companies that relied on business aviation outperformed those that did not. According to NBAA, the companies that use business aircraft have better shareholder value and recovered from the recession more quickly than their peers.