Several exciting things have been happening at LCC Aircraft Finance Division and we have successfully credit approved and funded several transactions since launching LCCAF in November 2003. As with any new initiative we had a few hiccups getting started, namely having to shift to providing loans, opposed to leasing due to the high cost and availability of contingent liability insurance and subsequent risk of holding title to the aircraft as Lessor. The outlook however is positive with spring around the corner and we are poised to have a very successful year in the aviation industry.
LCC Aircraft Division specializes in the financing of piston engine, fixed or rotary winged and qualifying advanced ultralight aircraft for you and your customers who want to enjoy the aircraft for personal use only. In other words we are mainly interested in financing personal use aircraft opposed to financing aircraft that are used to generate income such as an outfitter, flight schools etc...
As a reminder, the following are some of things that LCCAF
provides: Dedicated, industry specific financing. We only take the aircraft as
security. For example we do not use the equity in a borrowers home to finance
the aircraft. We provide fixed term and fixed rate financing for a term up to 5
year with amortizations up to 20 years LCCAF has an unlimited appetite for
aircraft financing and we strive to be customer focused.
INTEREST RATES ARE CURRENTLY AT AN ALL TIME LOW AND NOW IS THE TIME TO REFINANCE
AN EXISTING AIRCRAFT OR USE FINANCING TO UPGRADE OR FINANCE A NEW AIRCRAFT.
Please see our Credit Application and Credit Checklist. Feel free to contact me should you require any further information.
Happy flying!
LiftCapital Corporation
John Mealey, Vice President
Commercial Finance
Tel.: 800-530-0225, ext 229; Cell: 416-706-4331; Web site:
www.liftcapital.ca