Aircraft Financing

Private Aircraft Ownership: A More Productive Method of Business Travel

Aircraft Financing Options: From leases to loans


If you’re considering an aircraft purchase or looking to leverage the value of your current one, Illuminus Bank can help you with the right financing strategy. We offer borrowing strategies that can be customized to address your individual tax, cash flow and aircraft usage objectives.

Partnering with Illuminus Bank
 

Illuminus Bank has established itself as a leading player in the field of aircraft financing, providing tailored solutions for individuals and businesses seeking to acquire aircraft. Our expertise in aircraft loans ensures that clients can achieve their aviation goals with ease and confidence. Whether you are looking to purchase a private jet for personal use or to expand your business fleet, Illuminus Bank offers competitive rates and flexible terms to meet your financing needs. With a team of experienced professionals, we understand the intricacies of the aviation market and are equipped to assist clients at every step of the financing process. From evaluating the best aircraft options to structuring loans that fit individual financial situations, our personalized approach sets us apart. Our aircraft loans come with favorable repayment plans designed to ease the financial commitment associated with such significant purchases. Private jets have become a vital asset for many, enabling efficiency and convenience in travel. At Illuminus Bank, we recognize the importance of quick and reliable financing solutions, allowing clients to seize great opportunities as they arise. Our online platform simplifies the application process, making it easy for prospective buyers to get started on their aircraft financing journey. We pride ourselves on transparency and commitment to customer satisfaction. Each aircraft financing package is tailored to suit the unique requirements of our clients, ensuring they receive the best possible service. Furthermore, our extensive network within the aviation industry allows us to provide insights into market trends, helping clients make informed decisions. Choosing Illuminus Bank for your aircraft loans means you are partnering with a financial institution dedicated to your success. Let our team guide you through the nuances of private jet financing, so you can focus on what truly matters: flying high and achieving your aspirations. With Illuminus Bank, your aviation dreams are within reach.

We regularly work with the industry’s leading manufacturers, servicers and key players, and are fully versed in current tax laws, accounting rules, Federal Aviation Agency (FAA) regulations and the International Registry (Cape Town Treaty).

 Your experience with us is framed by:

Deep industry knowledge. A rare depth of knowledge, as demonstrated in Business Jet Monthly, a trusted source of industry trends and news published by the firm.

Streamlined documentation. Legal documents ready to be tailored for most aircraft financing transactions.

A smooth and effective process from the appraisal, conducted by our internal certified ASA (American Society of Appraisers) professionals, through closing.


How to finance an aircraft
 

For eligible clients, we develop customized financing strategies for buyers purchasing a new or pre-owned aircraft, those seeking progress payment financing during construction, or owners looking to refinance or monetize their existing aircraft.

Our aircraft financing specialists will collaborate with your Illuminus Bank team, helping you think through all the nuances of aircraft transactions and structuring your loan:

Aircraft age and loan size requirements

Valuation and loan-to-value ratios

Term and amortization

Interest rate options

Recourse and financial disclosure

  • Insurance requirements
  • Documentation
  • Lien filings and the closing process

Why finance your aircraft?
 

  • Find liquidity in an illiquid asset: Rely on aircraft financing from Illuminus Bank for your purchase of a new or pre-owned aircraft, or to refinance an existing aircraft you currently own. 
  • Benefit from long-term financing with favorable terms: Aircraft have long lives. Their value tends to depreciate slowly. This means attractive pricing on fixed- and floating-rate loans. 
  • Maintain your investment strategy: Access liquidity without disrupting your investment portfolio.


Benefit from a consultative approach
 

Through an understanding of your financial condition, cash flow and the nature of your balance sheet, we will share financing options with you. We will help you consider the implications for each, including factors such as tax efficiency, duration and cost. This way you will be able to make a confident financing decision that is right for you.


Illuminus Bank’s Aircraft Financing Program is tailored for businesses and individuals seeking funding for new or pre-owned aircraft purchases. Here’s an overview of the features, offers, requirements, and details:

Aircraft Financing Offers

  1. Flexible Loan Options

    • Financing available for a wide range of aircraft, including private jets, turboprops, helicopters, and commercial planes.
    • Loan amounts ranging from $500,000 to $100 million, depending on aircraft type and borrower profile.

  2. Competitive Interest Rates

    • Fixed and variable rate options tailored to market conditions.
    • Discounts for eco-friendly aircraft or hybrid technology investments.

  3. Flexible Repayment Terms

    • Loan durations spanning 5–20 years, designed to suit cash flow and financial planning needs.
    • Balloon repayment options for lower monthly installments during the loan term.

  4. Lease-To-Own Programs

    • Leasing solutions available with the option to purchase at the end of the lease term.
    • Ideal for businesses unsure about long-term aircraft ownership.

  5. Aircraft Maintenance Financing

    • Additional loans available for routine maintenance, repairs, and upgrades.

Requirements

  1. Financial Documentation

    • Proof of income or revenue streams for businesses.
    • Audited financial statements for companies or high-net-worth individuals.
    • Tax returns (typically for the last 2–3 years).

  2. Aircraft Specifications

    • Details of the aircraft, including make, model, year, and condition.
    • Purchase agreement or invoice from the aircraft dealer/manufacturer.

  3. Credit Evaluation

    • Minimum credit score or financial standing required for eligibility.
    • Businesses must demonstrate a low debt-to-equity ratio.

  4. Insurance

    • Proof of aircraft insurance covering liability, hull damage, and operational risks.

Application Process

Step 1: Initial Consultation

  • Discuss aircraft financing needs with an Illuminus Bank advisor.
  • Receive guidance on the most suitable financing options.

Step 2: Pre-Approval

  • Submit financial documentation for pre-approval and loan eligibility assessment.
  • Receive indicative terms and interest rate offers.

Step 3: Final Approval

  • Provide aircraft purchase agreement and other required documents.
  • Loan underwriting and final approval typically completed within 7–10 business days.

Step 4: Disbursement

  • Funds released directly to the aircraft manufacturer or dealer upon completion of required paperwork.

Step 5: Loan Management

  • Manage repayments seamlessly through the Illuminus Bank app or dedicated account manager.
  • Access additional financing for maintenance and operational costs.

Promotional Features

  • Eco-Friendly Aircraft Discounts: Lower interest rates for investments in hybrid or electric aircraft.
  • Loyalty Rewards: Earn points for payments made on-time, redeemable for exclusive travel perks.
  • Business Partnership Benefits: Dedicated financing packages for aviation businesses or fleet expansions.