The corporate aviation arm of GMAC Commercial Finance has launched a deferred-payment initiative in a bid to stimulate the purchase and upgrade of business aircraft. The scheme defers payments for six months, and is aimed at customers wanting to conserve their cashflow.
By deferring payments, the initiative "gives them breathing room to take advantage of the economic recovery", says Chuck McGuire, managing director of the US financing specialist's business aviation group. "We think there is pent-up demand. This will help them get off the fence by taking away some of the risk."
The scheme is available on financing and refinancing of new and used business jets, turboprops and helicopters, initially for a limited time. "We will offer it for a quarter or so, and see how well it is received," says McGuire. The savings are designed to help charter operators add aircraft, and allow private operators to upgrade, refurbish or replace aircraft, he says.
Source: Flight International