JetLoan Capital funds $125 million for jets and yachts in 2023
JetLoan Capital says it arranged loan funding for 59 aircraft and yachts totalling $125 million in 2023.
The Florida-based company assisted clients in a “wide variety” of transactions, with funding for jets, turboprops, pistons, helicopters and yachts.
Demand for loans is still strong in light, midsize and large cabin jets despite higher prices for used aircraft and a higher interest rate environment, according to company president Sam Harris.
But he said that loan demand generally in aviation is down.
A number of aviation and marine lenders tightened their credit requirements or stopped lending altogether in 2023, but JetLoan Capital says its “large and diverse” lending group enabled it to have a “productive” year.
JetLoan Capital assists clients through its network of more than 150 banks, credit unions, finance companies and private equity funding sources.