JetLoan Capital arranged loan funding for 59 aircraft and yachts in 2023, totaling $125 million and pertaining to the following collateral types:
- Light, mid-size and large cabin jets
- GA aircraft, turboprops and pistons
- Helicopters
- Yachts and boats
Sam Harris, president of JetLoan Capital, remarked that loan demand remains strong in the light, midsize and large cabin jet space despite higher used aircraft prices and a rise in interest rates. However, loan demand in the general aviation space is slightly down. Throughout 2023, several aviation and marine lenders limited their lending by tightening credit requirements, requiring depository relationships, or stopped lending entirely. Despite this tightening in the lending market, JetLoan Capital’s lending group allowed the company to fund a variety of transactions.
