Will Focus On The $2-10 Million Market Segment In The U.S. And Internationally

Nextant Aerospace on Monday announced the launch of Nextant Finance which will focus on the underserved $2 million to $10 million segment of the market.

Over the past five years, aircraft financing has been complicated and uncertain. Banks have jumped in and out of the market based on their specific appetites for asset classes. There has been a general lack of available financing for deals under $10 million and those outside of the US and Europe.

Nextant Finance was created to meet the needs of this underserved market. Their lending solutions provide customers with a focused, independent platform to match their objectives with practical solutions.

“We will offer financing for both the Nextant 400XTi and G90XT in the US and throughout the world,” said Barry Woods, Chairman & CEO of Nextant Finance. “Since the start of the recession, it has been very difficult for owners and operators of light jets and turboprops to find financing, leaving a significant and unnecessary void in the market. Our straightforward yet creative financing vehicles are ideal for those who have struggled to find financing in the US and throughout the world.” Nextant Finance terms range from 2 to 20 years. Lease types include capital leases, operating leases and tax leases. Loan types include fixed or floating rates with fully amortizing or balloon payments. In the US, Nextant Finance can also facilitate 1031 exchanges to defer capital gains or losses.

“We are excited to provide our customers with a dedicated and experienced team to source the right financial solution,” said Nextant President Sean McGeough. “This will allow more customers around the world to realize the vast benefits of Nextant remanufactured aircraft to their businesses. Nextant Finance is ideal for commercial fleet operators who have strong cash flows but lack the kind of balance sheet many banks require.”

FMI: www.nextantaerospace.com