National aircraft finance association home facebook. Most people will qualify for acceptance if they have an income source that can be used to pay the loan and meet other acceptance criteria. Aug 01, 20 according to dave madden, marketing director of aircraft finance broker nafco. This is the most comprehensive book on aircraft finance. Marsh has launched the aircraft finance insurance consortium afic, a nonpayment insurance product designed for banks and capital market investors that are funding new aircraft.
National aircraft finance company nafco airfields world. For the design and manufacture of aerospace fasteners. One of the largest assets that an airline has are aircraft, therefore it is critically important to develop a methodology that estimates an aircrafts value, and which also determines efficient. Financing or refinancing may be accomplished through various competitive programs that are based on the specific request of our customers along with credit credentials, collateral and usage. Why it matters to finance aircraft through specialized lenders the aircraft market is a complex forum of ideas, practices, and processes. Well tell you your options and how things work in the aircraft finance world. Marsh launches nonpayment insurance for boeing aircraft. Aviation finance group afg was formed in 1998 as a private aircraft lender. Banks withdraw from aircraft financing financial times. Contact us aircraft loans airfleet capital airfleet capital. Nafco s industrial fasteners are mainly used on automobiles, ships, public transportation vehicles, and many other industrial products.
Stephen mcgairl is a partner of freshfields with over 20 years experience of international aircraft transactions. National aircraft finance company nafco has been financing aircraft for more than twenty years, and we have become experts in the industry. The fourth edition examines a comprehensive range of commercial and legal topics which are relevant to aircraft. To obtain more information about the national aircraft finance association, please contact karen griggs, executive director at. Deutsche structured finance aircraft financing for airlines. Complex aircraft finance such as those schemes employed by airlines shares many characteristics with maritime finance, and. Top 5 factors that affect your aircraft financing loan terms aviation. The worlds most comprehensive professionally edited abbreviations and acronyms database all trademarksservice marks referenced on this site are properties of their respective owners. We provide online payment capability to help make paying your loan easier, using either a debit card. Its primary holdings are national aircraft finance company nafco and pilot bank, a statechartered. Strategies for managing capital costs in a turbulent industry bijan vasigh.
In 2004, pnc acquired afg and formally changed the name to pnc aviation finance. The commercial aircraft finance handbook is a brand new, much needed resource for every type of aircraft finance practitioner seasoned and starter alike. The fourth edition is an essential update to the previous edition published in 1998. Complex aircraft finance such as those schemes employed by airlines shares many characteristics with maritime finance, and to a lesser extent with project finance. Nafco is an automotive finance company unlike any other. Written by a senior practitioner and used and finetuned for many years internally at his firm vedder price, this is a highly practical book that you will wonder how you managed without before. The area of commercial aircraft finance is multidisciplinary one, touching professionals across law, finance, insurance, and leasing to name a few and this book arms these diverse practitioners with a framework for knowing the questions and issues that should be considered in an aircraft financing transaction.
With our experience and expertise in the automotive world, we can provide our customers with an unmatched vehicle ownership experience. The extra 38 years that aircraft financing offers certainly spreads the hurt out over an additional 3696 payments. Pdf the commercial aircraft finance handbook download. Aircraft bill of sale ac form 80502 sample aircraft purchasesales agreement. During 2012, bnp paribas acted as arranger, underwriter or bookrunner of some. Lease financing for professionally flown aircraft leasing allows you to finance 100% of the acquisition cost, including delivery charges and sales or use tax. Nafco has been offering aircraft financing for individuals, flight schools, and. Afg created the original assetbased corporate aircraft financing program. Besides helping its clients resolve system assembly concerns, it offers fasteners for various. Bnp paribas maintains its leading position in the aviation. Nafa lenders focus exclusively on aircraft finance and leasing.
For the ninth straight year, passenger traffic recorded abovetrend. Vref or aircraft bluebook similar to kelley blue book for cars. Andrew littlejohns is a partner in freshfields asset finance group in london. The 2019 current aircraft finance market outlook forecasts another year of stable growth and funding diversification. For more information about the drivers club financing program, and nafco finance in general, be sure to visit our main website at. An excellent book for those wanting a professional and comprehensive understanding of commercial aircraft leasing. We will be sure to answer all your aviation questions. The business represented by nafco s financing of the purchase of aircraft above mentioned within california or by residents of california was produced by making its financing program known to cessna dealers and distributors in california primarily through the mails. The fourth edition examines a comprehensive range of commercial and legal topics which are relevant to aircraft financing in 2011 and explores current trends in the aviation and aircraft financing industries. Airlines will have to make greater use of the bond markets to pay for aircraft because european banks are pulling back from commercial aircraft financing, boeing warned on tuesday. Lancair announced that, in conjunction with national aircraft finance company nafco, theyre now able to offer financing for their evolution turboprop. Besides helping its clients resolve system assembly concerns, it offers fasteners for various applications relating to major transportation vehicles such as civil and military aircraft, automobiles, public transit, trains and maritime vessels.
Nafco is an affiliate of pilot bank, a tampa bay community bank that has operated successfully since 1987. The aviation industry has shown an exceptional level of resiliency in a dynamic. Nafcos goal is to provide the most competitive financing and the best service in the industry for general aviation aircraft. They are experts in the industry and can help you with your aviation financing needs. A, lakeland, fl, 33811 aircraft financing by nafco, a pilot bancshares, inc. We provide customer care programs and loan servicing support to our network of affiliated dealerships.
Tampa, fl 33626 toll free 800 9993712 phone 863 6448463 fax 863 6461671 marketing by digital lightbridge. He has been working in the transportation equipment. Diversified aircraft finance international aircraft financing providing lending. To make matters more complicated, the peak market crashed during. Nafco s aerospace fasteners are mainly used on aircraft engine and airframe. Nafco lakeland, fl lal national aircraft finance company with over. Contact us aircraft loans airfleet capital airfleet. Folks, i have been researching the best way to finance a nice aircraft. Nafco finance drivers club drivers club financing program available. Nafco lakeland, fl lal national aircraft finance company with over thirty years experience in aircraft financing, we have been able to develop a company that can finance a wide range of aircraft. In 2012 bnp paribas confirmed its leading position in aviation finance and remained strongly committed to the global industry. Vedder price shareholder ron scheinberg, a member of the firms global transportation finance team recently authored the commercial aircraft finance handbook, published by euromoney. The model must be listed in the aircraft blue book andor vref.
We provide the tools to help make your next vehicle purchase exceptional. Aircraft financing with travelers finance commercial. National aircraft finance company nafco airplane financing. National aircraft finance association, edgewater, maryland. Box 1570 edgewater, md 21037 410 5711740 410 5711780 fax email. Besides a series of standard parts we also provide customized services to meet your. To follow is a brief overview of the company and their partners. Ive found nafco to be the most reasonableeasy to work with. The methodology measures return on investment, improves the efficiency of managing operating costs and more effectively determines revenue analysis. When you finance your aircraft with nafco, you have access to personal and commercial business banking, treasury management, health savings accounts and mortgage services. Aircraft registration ac form 80501 the aircraft registration application, ac form 80501, is now available for download from faa. Markets view airline casualties, market value and lease rate corrections march 26th 2020. Of course it costs you in interest, but should the plane not rent, 40,000 at 7% over 15 is much more manageable than 11% over 7 years.
According to dave madden, marketing director of aircraft finance broker nafco. Nafco lakeland, fl lal national aircraft finance company with over thirty years experience in aircraft financing, we have been able to develop a company that can finance a wide range of aircraft, from experimentals to jets. On the other, there are a number of headwinds in the aircraft finance market which may make these orders more difficult to finance, and potentially, more expensive. About nafco national aircraft finance company nafco. The business represented by nafcos financing of the purchase of aircraft above mentioned within california or by residents of california was produced by making its financing program known to. Aircraft finance directory contains banks and aviation financing companies that. Diversified aircraft finance international aircraft financing providing lending and leasing solutions for commercial and business jets, turboprops, piston and helicopter aircraft. A nafa membership provides great networking and educational opportunities throughout the year.
Of course it costs you in interest, but should the plane not rent, 40,000 at. Most blue books are put together by sellersbrokers. Aircraft finance refers to financing for the purchase and operation of aircraft. The national aircraft finance association is a member association dedicated to promoting the general welfare of aviation financing. Here are the top five factors that an aircraft financing company examines. The commercial aircraft finance handbook is a great companion and reference guide for seasoned market participants and it is required reading for the aspiring aircraft finance aficionados. Complex aircraft finance shares many characteristics with maritime finance, and to a.
Kostya zolotusky, managing director, capital markets, leasing, boeing capital corp. National aircraft finance company nafco has been financing aircraft since 1994 and have established a reputation for their expertise and proven efficiency in the industry, offering competitive financing for a variety of aircraft purchases and aviation upgrades. We understand your financing needs and the excitement that comes with your purchase or refinance. Take your business to new heights with nedbanks range of tailormade aircraft finance solutions. Aircraft financing company recommendations page 2 general. Nafco can finance almost any airplane, experimental aircraft. We have 1 other definition for nafco in our acronym attic. Credit facility in favor of an aircraft purchaser to finance a portion of the significant progress payments e. Our network provides members access to some of the best resources in the industry. Aviation finance aircraft financing and its possibilities aviationfinance. Most outfits, nafco and boa specifically will not finance anything from the 50s. Latest readership statistics show that circulation continues on the growth trajectory it.
Aircraft registration ac form 80501 the aircraft registration. National aircraft finance company nafco has been financing aircraft since 1994 and have established a reputation for their expertise and proven efficiency in the industry, offering competitive financing for. On kit loans, nafco looks at the individuals credit history and total debt load, which cannot exceed. He joined freshfields in 1983, and has specialised since then in aircraft finance. Nafcos aerospace fasteners are mainly used on aircraft engine and airframe.
Drive home the car of your dreams with a nafco financed drivers club vehicle. Once your aircraft loan application is submitted and all required documents have been received, a credit decision can be made within. There are only a couple people who deal with aircraft financing. As a prominent player in the aircraft finance industry, our dedicated team has a global mandate with special. Ronald scheinberg is a shareholder in the new york office of the international law firm of vedder price p. Contact us for your aircraft loan and aviation finance needs at 18003904324.
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