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Tue, Jul 26, 2005

Columbia Aircraft Establishes In-House Aircraft Financing Subsidiary

Those purchasing new and used Columbia certified aircraft will now find financing their airplane just got easier with the establishment of Columbia Aircraft Finance, a new division of the Columbia Aircraft Manufacturing Corporation (CAM). The Company created Columbia Aircraft Finance to simplify and streamline the purchase process for those buying new and used Columbia 300, 350 and 400 aircraft.

“Anyone who has purchased an aircraft knows that securing financing can be a challenging and sometimes frustrating task,” said CAM Vice President of Marketing and Sales Randy S. Bolinger.

“Columbia Aircraft Finance will make the process easier for our customers, giving them access to experienced aviation finance professionals. Their comprehensive knowledge of various finance options, ability to secure the best possible rates and tenacity has already proven to be a valuable asset.”

Columbia Aircraft Finance can also direct eligible customers on where to find tax savings and can assist in setting up aircraft insurance. CAM looked to Bruce Cady, an experienced and respected veteran of the aircraft financing world, to help establish Columbia Aircraft Finance. Cady has built other successful programs in the past and is well versed in the complex world of financing new and used aircraft and navigating FAA requirements.

“Columbia Aircraft Finance is located in CAM headquarters in Bend, Oregon and will be instrumental in making the process of taking delivery of a new aircraft a seamless experience,” Cady said. “Traditional banks and other lending institutions often don’t have much experience financing aircraft, can be overly complicated, and may be more expensive for the buyer.”

The mission of Columbia Aircraft Finance is to provide the most competitively priced financing and prompt and meticulous service so the customer can focus on the joys of accepting delivery of their new Columbia aircraft. Columbia Aircraft Finance currently has financing programs that allow a buyer to purchase a Columbia aircraft with little or no money down and with repayment schedules as long as 25 years.

“Columbia Aircraft Finance will help our customers save money as well as avoid the difficulties and delays that can occur when financing an airplane. This is one more way we can fulfill our objective of making the Columbia aircraft ownership experience the standard that others will be measured against,” Bolinger said.

FMI: www.flycolumbia.com

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