On October 26th, Bob Wilke addressed the annual convention of the Equipment Leasing and Finance Association on the subject of the state of the business aircraft marketplace. Bob’s presentation reviewed how the business aviation landscape changed and continues to evolve in response to the financial system implosion that began in September, 2008. He also discussed [...]
When aircraft sit for prolonged periods of time, very bad things happen, especially in harsh environments.
In the unfortunate event of damage to your aircraft, hull insurance should pay for repairs, but unless you have additional Diminution of Value protection, it will not cover the loss created by documented damage history.
What to expect if your aircraft experiences if your engine(s) experience Foreign Object Damage.
If (or when) your aircraft is damaged, appropriate hull insurance coverage will pay to physically restore the aircraft to a serviceable condition. If you intend to keep that aircraft for the duration of its useful life, repair is probably sufficient. But what if you want or need to sell the aircraft ?
Unfortunately, when a material borrower default occurs, the financing institution is usually the last to learn that there was a problem. AvRisk uses proactive asset management tools to make sure that you have the earliest possible notification that a trouble may be on the horizon, giving you the opportunity to work with your customer to structure the best possible outcome in times of financial distress.
Industry reports focused on the financial market and what the future holds.