Structuring the transaction
A financing partner with extensive experience in aircraft transactions can provide a wide range of financing options and will work with you to tailor a financing arrangement that meets your needs. There are several banks and lending sources, including Truist, that have a dedicated team of aviation financing specialists that can share their expertise and provide a smooth transaction. These sources are typically active members of several associations including NBAA and IADA which are like the auto industry’s NADA. NBAA hosts their annual conference in October. www.nbaa.org
Your financial advisors and attorneys can help you structure the transaction in a way that yields optimal incremental depreciation and other potential tax benefits for your business. Most dealers set up a limited liability corporation (LLC) or another entity specifically dedicated for the purpose of owning the aircraft.
If you fly regularly on behalf of your dealership, it’s worth consulting your advisors about whether private aviation makes sense for your business. Talk to a Truist Dealer Services relationship manager about how Truist can help you explore options to structure aviation financing for your business. For more information, visit Truist.com/dealerservices.