Is It Possible to Pull Money Out of My Aircraft?

Adam Answers
AOPA Finance

Question: I am a new to owning a jet individual and enjoy the convenience it offers. I own a 1977 Learjet 25B outright and bought it in September of last year. I want to pull money out of it, maybe $150k to further expand my organization. Is that possible? It is current on all certificates, worldwide insurance, and is a Part 91 aircraft for my personal and business use. There are 2500 hours left on each engine before overhaul and we fly about 25 hrs month. 

Answer: We do work as a broker and have multiple lenders to consider, however, equity financing on aircraft is not very common.  Equity financing for this type and age of aircraft is unlikely to be found through a standard aircraft lender.  A lender that provides alternative financing products is more likely to be able to find a suitable option.

Have questions for Adam? He is happy to answer them. Submit your questions here. Great rates. Great terms. Helpful and responsive reps. Three good reasons to turn to AOPA Aviation Finance when you are buying an airplane. If you need a dependable financing source with people on your side, call 800.62.PLANE (75263) or click here to request a quote.

Adam Meredith

Adam Meredith

President of AOPA Aviation Finance Company
Adam Meredith, President of AOPA Aviation Finance Company, is an aircraft finance professional with more than 15 years lending, small business management and customer service experience. Adam is a commercial pilot with multi-engine and instrument ratings.
Topics: AOPA Aviation Finance Co

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