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« New Products & Services
January 2008 Story
Lease backs – the often-overlooked option for new aircraft ownership. You’ve done your homework and have your heart set on a new airplane. The problem is, while it has state-of-the-art performance, safety and capabilities you want, it also has a price tag that’s just a bit above your budget. No sense in buying your “dream airplane” if you can’t afford to fly it. Have you considered a lease back arrangement? While not for everyone, lease backs can be a great way to help offset the cost of your new airplane. There are basically two types of lease backs: you can lease it to a flight school or lease it to an aircraft dealer. Which is best for you is based on the type of airplane you buy and how you will want to use it. Flight schools are always looking for modern G1000-equipped airplanes like Diamonds. But the airplane needs to be on the line most of the time – you’ll get more rental income, but you may not have access to your airplane when you need it. Leasing back to an aircraft dealer like Premier is a totally different arrangement. Your airplane will be used for customer demo flights. It will be flown by experienced pilots and will receive the best care. It will also spend some weekends on display at area fly-ins and air shows. Not a bad life. The only drawback is that leases to dealers are short term – six to nine months. And it won’t get flown a lot of hours, so the ‘income’ may not be as high as you need. Fred Ahles 1/2/08
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