Aviation Financing

Overview of the Aviation Financing program:

The Aviation Financing program by General Bank of Canada is designed to support the acquisition and refinancing of new or used aircraft by Canadian individuals or businesses. Tailored for aviation enthusiasts, commercial operators, and flight schools, the program offers competitive financing solutions for piston and turbine aircraft. The application process is straightforward, and financing is accessible through partnerships with aviation dealers, brokers, and direct applications. The program emphasizes personalized service and quick turnaround times, aiming to simplify what can often be a complex financing process in the aviation industry. General Bank of Canada’s aviation lending team comprises industry experts with a deep understanding of the aircraft market, ensuring clients receive informed support through every stage of the purchase or refinance. Aircraft must be registered in Canada, and the program is open to both private and commercial buyers. Financing is subject to credit approval and aircraft evaluation.

Benefits of the Aviation Financing program:

• Financing available for both personal and commercial aircraft
• Loans available for new and used aircraft
• Refinance options to support restructuring existing aircraft debt
• Expert aviation lending team to assist through the entire process
• Fast, efficient application review and funding process
• Available through dealers, brokers, or directly from the bank
• Nationwide availability within Canada
• Aircraft ownership support for individuals, corporations, and flying schools

Eligibility criteria of the Aviation Financing program:

• Applicants must be Canadian individuals or businesses
• Aircraft must be registered in Canada
• Both new and used aircraft are eligible
• The program is open to private owners, commercial operators, and aviation schools
• Creditworthiness of the applicant will be assessed
• Aircraft must meet evaluation standards set by the bank
• No revenue or business longevity criteria specified
• Available for single aircraft or fleet purchases