Shopping for an aircraft loan? Heed these tips
Though business jet finance has largely recovered from the recession that began in 2008, it is a changing landscape. This year, most banks will be satisfying the more stringent capital requirements of the Basel III global regulatory standards, and looming changes to leasehold accounting will cause aircraft leases to be reflected in part as right-to-use assets on corporate balance sheets. With banks saddled with “know your customer” obligations and struggling to compete with cash, it’s an interesting time to finance airplanes.
If you’re in the market for a financing deal, make sure you avoid these common mistakes.