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.
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