JetLoan Capital arranged loan funding totaling $147 million for 63 aircraft and yachts in 2021 for the following collateral types:
Sam Harris, president of JetLoan Capital, said that due to the COVID-19 pandemic, the general aviation and business jet segments are very active, creating shortages of aircraft for purchasers and an increase in aircraft prices. According to JetLoan Capital, it is estimated that one in four buyers were first time aircraft owners in 2021 and this trend appears to be continuing into 2022.
JetLoan Capital is an independent aviation and marine finance brokerage firm assisting clients with arranging funding for jets, turboprops, pistons, helicopters and yachts through a group of more than 150 commercial banks, community banks, credit unions, finance companies and private equity funding sources.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!