We know what it means to own your personal aircraft. If You decide to buy an aircraft for private flights or corporative / business use and also for your trips, ICC JET Company is eager to help you find the right financing / loaning facility for a new or used business aviation aircraft.
ICC JET has established partnerships with leading banking institutions in Switzerland, Great Britain etc. and offers optimum loaning / financing patterns for business aviation.
We save time and money for our clients as we have many options for such loaning / financing. We offer each client a number of choices as for loaning/financing.
Loaning an aircraft is a serious step, and we know where to start to obtain a loan / bank financing.
Key criteria and prerequisites to request for an aircraft finance / loan:
While applying to the bank, you must provide the following information:
Aircraft details to be included in the loan application:
- aircraft type;
- aircraft model;
aircraft serial number; - purchase price;
- age of aircraft (age conditions vary with every bank, i.e. the aircraft may not be older than 15 years, or 5 years, as appropriate);
- If it is a construction or not;
- when do you need the loan;
- jurisdiction of aircraft registration;
- full details of the aircraft Operator;
- current or future base aircraft and owner;
- The aircraft is for personal use only. Some banks may consider commercial use as well, as appropriate.
- The borrower must have 50% of the aircraft price at the time of loan granting. In some cases, you will need 70% of the price.
Details of the ultimate aircraft owner (beneficial owner):
- utility bills (gas, or power) to verify the address of the potential lender;
- marital status (separate or common property plus number of people in charge (children) of the (beneficial) owner);
- Personal financial statement, including income sources;
- CV of the (beneficial) owner;
- Proof of liquid asset (bank statement - portfolio report) of the (beneficial) owner;
- other assets: pieces of art, real estate of the (beneficial) owner;
- current loans (amount, maturity) of the (beneficial) owner;
- organization chart (holding structure) of the (beneficial) owner;
- Presentation of Ultimate beneficial owner businesses describing different branches of his/her activities together with an organization chart of his/her companies, and evidence of ownership structure (holding company, trust). The last two financial statements of the head companies and their consolidated statements.
Key financing milestones
|
Contract of intent |
Loan Committee approval |
Legal process |
issuance of a loan |
|||
| Defining general purchase terms and conditions, and financing structure | Collecting data. Compiling an application to the loan committee. Presenting the application at the loan committee. | Choosing and appointing legal advisors for the client and lender. Negotiating terms and conditions of loan documents, including security package and booking. | Executing an agreement and obtaining your loan. |
Now is a good time for you to buy any aircraft and get funded. You may buy a variety of aircrafts without spending too much money, and repay your loan at low rates.
Why it makes sense?
- Loaning / financing lets you keep your cash flow uninterrupted, while you make affordable payments from the additional revenue generated by the use of the aircraft.
- Fixed monthly instalments let you control your expenses. You may repay in advance or just stick to the deadlines.
- You get ownership of the aircraft after the loan is redeemed.
- This product is also subject to tax benefits, i.e. costs are deducted from the company's income.
- We all know how tough and beyond one's capacity a loaning procedure can be. Yet, you find your way from presenting your application at the bank up to actually drawing the money, and you will be awarded with a loan at FIRST LINE EUROPEAN BANKS at low rates.
