Owning a private jet has many benefits over commercial flying. Owning your own private aircraft can mean more flexibility, convenience, comfort, and long-term savings. For those who fly often, whether for work or leisure, purchasing your own aircraft can be a practical investment that ultimately saves you money in the long term.
Another benefit to owning a private aircraft is that owners who finance their purchases may be able to deduct interest for income-tax purposes.
Of course, investing in your own private plane isn’t as easy as purchasing a more normal recreational vehicle like a motorcycle or a boat, but an aircraft is a valuable asset and the majority of buyers choose to finance their purchases.
Advice on Purchasing your Aircraft
Whether you are buying a new aircraft or refinancing an existing one, your Damalion experts can provide knowledge of aircraft financing options and provides comprehensive services from strategy to transaction support to execution.
When it comes to procuring and financing an aircraft, your Damalion experts offer comprehensive guidance in several ways:
- We specialize in working with high-net-worth individuals, privately owned companies, and larger corporations. Our Damalion experts can provide legal advice on almost any financial product, in the major cities. And we can make the process of buying an aircraft easier and help you close on a purchase if needed.
- We have a team of dedicated experts and specialists who can address every aspect of corporate aircraft financing from providing structuring advice to serving as advocates in the marketplace.
- We routinely support clients with detailed commercial and technical diligence associated with aircraft financing.
Our services regarding aircraft financing and ownership structures
Our expertise in aircraft financing enables us to offer buyers advice on the following aircraft ownership structures:
- Full ownership: when it comes to financing the full ownership of an aircraft, we can offer advice on a variety of loan structures and maturities at competitive rates.
- Refinancing: refinancing can be a practical way to free up some of the equity in an aircraft owned outright. If established interest rates are lower than those on an original aircraft loan, refinancing may be a cost-effective alternative that may generate substantial savings. We can also advise on the right steps to take in this circumstance.
- Fractional ownership: fractional ownership can be a cost-effective way to secure the benefits of owning a private jet but without all the responsibilities. We all provide advice on this aspect.
In essence, we provide advice on traditional debt financing, tax and non-tax operating leases, Capital Market syndications, and related advisory services.
Providing help on buying your own aircraft
Whether you are contemplating buying a plane or have already committed to a purchase, we can assist. Our expertise in this area can help you select an aircraft by evaluating your needs and travel patterns.
And if you have already selected an aircraft, due diligence is important. We can also help you in this area by evaluating an aircraft’s integrity and its history of maintenance and damage.
Additionally, banking on our connections to some of the leading experts in the aviation industry, we can help you consider key issues related to tax benefits, ownership, and aircraft registration.
If you’d like to learn more about aircraft financing or how to select a plane to purchase, let’s go ahead and contact your Damalion expert now.
