financing

Business jet owners can access a range of financing options when acquiring or upgrading aircraft. However, errors and oversights could undermine their efforts to secure funding, as shared by some of the aircraft finance industry’s leading experts.

While aircraft obviously have their own specific needs and challenges, applying for an aircraft loan isn’t so different from other types of loans, says aviation analyst Brian Foley.

“Inaccurate financial information, asking for too much or too little money, lacking collateral, an inadequate credit rating, not revealing past red flags, and not securing expert assistance could all result in an undesirable outcome,” he warns.

1) Aircraft Finance Mistakes: Failing to Provide Information

Aircraft-related information is usually not a major stumbling block for a transaction, but providing a certain amount of information up front can result in a faster process, according to Robert Gates, head of international sales at Global Jet Capital.

“With a Manufacturer Serial Number (MSN), Global Jet Capital can quickly learn a lot about the aircraft during initial review,” he illustrates. “However, a detailed aircraft spec sheet is good practice at the time of a financing inquiry.”

Providing information up front will expedite an aircraft review, says Gates. It’s important in a range of areas, including configuration, maintenance status and damage history.

“Applicants should also provide information relating to the desired use patterns for the aircraft post-acquisition,” he adds. “What are the typical missions? How many hours per year do you expect to fly? Who will manage the aircraft? Where will it be based, and will it be hangered? This supplementary information is useful to the financier and will help fill out the application file.”

Applying for aircraft finance can feel like an onerous process, but it’s important to take the time to ensure it’s done correctly. Gerrard Cowan speaks to industry experts about some of the common applicant errors to avoid.

Read full article here

This article was originally published by AvBuyer on September 7, 2023.

Buyers of pre-owned business jets face a range of costs beyond the ask price, some of which might be unexpected. What costs do they need to account for, and how can they avoid any nasty surprises? Gerrard Cowan asks the experts...

First-time buyers can often be ‘a little surprised’ by the high costs of ownership, which go well beyond the initial purchase price, says aviation analyst Brian Foley. The costs of hangaring, maintaining, insuring and crewing their newly acquired aircraft can amount to millions of dollars annually.

Indeed, there have likely been numerous one-time, after- purchase discoveries for those who bought without a Pre-Purchase Inspection, he says, “which could easily cost as much as the airplane did to get airworthy again. Some of these buyers have already cut their losses and returned to their Economy Plus airline seat or charter.”

You Can Remove the Unpredictable Aircraft Maintenance Costs

Aircraft maintenance is a Pandora’s Box, according to David Caporali, Senior Vice President, Business Development for the Americas at Jet Support Services, Inc (JSSI), a National Aircraft Finance Association (NAFA) member.

Such maintenance costs take many buyers by surprise, he says, and this needs to be a vital consideration in the aircraft selection process. Indeed, it can be one of the largest variable costs in aircraft ownership, including all parts and labour, and can account for up to 35% of the aircraft’s operating budget.

“Outside of certain scheduled inspections and replacement items (that can be tracked through maintenance software) there is no way to anticipate when a part will break, making maintenance very difficult to budget for,’’ Caporali elaborates.

“‘Scope creep’ is common during any aircraft inspection, as additional squawks are often found. We have seen many work orders double or even triple the initial expected cost of a certain inspection.”

Read full article here

This article was originally published by AvBuyer on July 5, 2023.

FOR IMMEDIATE RELEASE: August 28, 2023                                    

Contact: Tracey Cheek
tlc@nafa.aero  
405.850.1292  

Ross Thomson
SVP Commercial Banking Division Head 
630-908-0016 
rthomson@signaturebank.bank 

Dave Wymer 
SVP 
847-268-0002 
dwymer@signaturebank.bank 

NAFA Welcomes New Member: Signature Bank 

National Aircraft Finance Association (NAFA) is pleased to announce that Signature Bank has recently joined its network of aviation professionals. Signature Bank provides tailored banking solutions to facilitate the lending process for aircraft buyers.   

“NAFA members proudly finance, support or enable the financing of general and business aviation aircraft worldwide. We extend a warm welcome to Signature Bank as a valuable addition to our association,” said Ed Medici, NAFA President.
    

About Signature Bank: 

“We are inclined to lend” is Signature Bank's philosophy, demonstrating its commitment to going beyond the numbers to understand the stories behind a client’s business. Signature Bank helps clients find solutions whether their goals involve enhancing cash flow, expanding operational capacity, acquiring new ventures or restructuring existing debt.   

Signature Bank offers products and services catered specifically to the needs of the aviation business industry, including the following: 

• Expertise: Knowledgeable Bankers that provide insights and solutions tailored to your challenges 

• Customization: Flexible financial packages, from aircraft financing to cash flow, hangar and equipment solutions 

• Efficiency: Streamlined processes for quick access and decision making 

• Connectivity: Access to a national network of aviation contacts 

Signature Bank’s products and services for aviation business across the nation include:  

• Aircraft financing for Part 91 or Part 135 operators 

• Hangar construction and permanent financing 

• FBO improvement, working capital and equipment financing 

• Customized corporate credit programs 

• Expanded FDIC insurance coverage on deposits 

• Online Banking platform with custom automated payment solutions     

For more information, visit https://www.signaturebank.bank/. 

About NAFA:   

The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members on the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

Many business jet owners plan to hire out their aircraft to help offset operating costs, but how could this impact their plans for financing? AvBuyer's Gerrard Cowan speaks to the experts to learn more.  

Aircraft are not cheap. They cost a lot of money even when they’re not in use, notes Roman Pavlicek, Chief Financial Officer of Czech Republic-based ABS Jets, which offers a wide range of aircraft management and chartering services to clients in Europe and beyond.

“There are always fixed costs to be paid whether the aircraft is in active operation or not. These include costs such as basic maintenance, crew payroll, training, insurance, parking, various systems subscriptions, and more,” he says.

The chartering decision is based partly on the aircraft owner’s personal plans (how often they expect to use the aircraft themselves for leisure or business purposes, and if this could conflict with chartering plans and terms), and whether they’re happy for other people to use their aircraft given the potential for additional wear-and-tear.

There are also technical questions to consider, Pavlicek adds, such as the aircraft age and flight hours, the aircraft’s operational reliability, maintenance demands, and so on. “All of this could lead to higher or lower chartering intentions,” he says.

In general, the finance provider will mainly focus on safe cashflow related to the aircraft, Pavlicek adds. It is up to the individual user to establish if they need to finance the aircraft. 

Read full article here

This article was originally published by AvBuyer on July 17, 2023.

NAFA member, Adam Meredith, President of AOPA Aviation Finance Company, answers your aircraft financing questions about co-ownership.

Question: I’m in the process of forming a co-ownership divided into 4 shares. I have everything planned out but the financing part. I’m not sure if financing can be done under the LLC and bill each partner a monthly loan payment 4 ways? I’m wanting to find a simple way that will be attractive and easier for the other co-owners. How many ways are there to set up financing for a co-ownership? What is the best way? Can the whole aircraft be financed under the LLC and loan payments split 4 ways to each co-owner?  

Answer: As a broker, we have many different lenders to consider for aircraft financing. With partnerships, many lenders have a limit on the number of partners they will allow to be involved.  Four partners is often the maximum lenders will allow. Lenders will require that each of the partners qualify for and provide their personal guarantees on the loan. The loan will not be divided between the partners, so each partner would need to qualify as if they were the only one buying the airplane. This method provides assurance to the lender that any one of the partners could continue to service the debt if one or more of the other partners is unable to. Lenders will not divide the loan payment between the partners, so the decision of who pays how much is up to the partnership.  It is common for partners to create an ownership entity, such as an LLC, for the purposes of the loan and aircraft ownership. It is also common for partnerships to create a new bank account for the partnership to handle any financial transaction associated with the airplane or the loan. Because each partner will personally guarantee the loan, any change in partners would require the loan to be refinanced.

This article was originally published by AOPA Aviation Finance Company on May 1, 2023.

Recently, NAFA Member David G. Mayer, Partner with Shackelford, Bowen, McKinley & Norton, LLP, presented a webinar titled How to Navigate the Aviation Market - What First-Time Purchasers and Sellers Need to Know.  It was sponsored by Aeromarine Tax Professionals and well-attended. 

This information provides a useful tool for aviation purchasers, sellers, lessors, financiers, lawyers, tax and other professionals, brokers, wealth managers and OEMs (primarily your clients), aircraft managers, and others involved or interested in purchasing or selling business aircraft.

Depending on your experience level, you should take away a foundational, enhanced, or refreshed understanding of the process, the issues, and the roles of the team needed to complete these deals.

Watch the webinar here

This webinar was originally published by Shackelford, Bowen, McKinley & Norton, LLP on May 2, 2023.

Planning to finance your next aircraft? What are the restrictions that lenders may impose on the operation of your aircraft? Gerrard Cowan, with AvBuyer, asks the experts, outlining how such stipulations can serve the bank’s and borrower’s best interests simultaneously.

While many aircraft owners finance the purchase of their aircraft, financing can impose restrictions and costs that operators should carefully consider before going ahead with a deal, though such stipulations could also offer significant benefits to the owner.

Mike Smith is President of Scope Aircraft Finance and a long-time member of the National Aircraft Finance Association (NAFA). He explains that every lending institution has its own process and approach to aircraft lending.

“I like the word ‘guidelines’ instead of ‘restrictions’ because an experienced lender will design a loan structure to match the borrower needs while keeping in line with the lending institution’s risk profile,” he says.

In a good lending relationship, both the borrower and lender will understand what usage is allowed per the loan terms well in advance of the loan closing, Smith adds.

“Some examples of guidelines could be maximum hours flown per year and guidelines around usage of the aircraft in charter operations,” he illustrates. “Each lending institution has its own parameters related to aircraft size, age, and more, and the associated ‘guidelines’ tied to the individual aircraft will vary among institutions.”

Read full article here.

This article was originally published by AvBuyer on May 11, 2023.

NAFA member, David G. Mayer, Partner with Shackelford, Bowen, McKinley & Norton, LLP, discusses recent bank casualties, tightening credit standards, and market volatility when financing private aircraft.

The global banking crisis may have subsided for money-center banks, but aircraft financiers have not emerged unscathed or free of the turbulence plaguing other U.S. banks.

The current banking crisis started with the collapse of Silicon Valley Bank on March 10, Signature Bank on March 12, the takeover by UBS of Credit Suisse on March 19, and the FDIC takeover of First Republic Bank and sale of its deposits to JPMorgan on May 1. These closed banks, except Signature, actively made private aircraft loans, as do UBS and JPMorgan today.

It is a credit to private aircraft lenders and lessors that have not limited or exited their aircraft lending or leasing businesses amid volatility in banking, including frequently reported deposit outflows from, and credit tightening by, U.S. local and regional banks.

The bank crisis may not materially alter the financier’s pre-crisis credit approval process. However, financiers may reluctantly spool down aircraft financing for reasons such as reduced liquidity, increased regulatory capital, intensified risk management, higher cost of funds, and wider risk-adjusted interest rate spreads. 

Read full article here.

This article was originally published by AINsight on May 12, 2023.

Why would a partner in an airplane-buying partnership have to submit financial documents if that person is a silent (i.e., non-flying) partner?  NAFA member, Adam Meredith, President of AOPA Aviation Finance Company answers.

Just as business partners will draft a mutually beneficial partnership agreement, which all parties agree to, lenders require all parties to agree to the terms of the loan contract.  In most cases, agreeing to the loan contract means that you qualify to obtain the loan and service the debt according to the lender’s terms.  Aircraft lenders use the aircraft as collateral for the loan, and any individual or entity in the chain of aircraft ownership is required to provide a guaranty on the loan.  The best way to ensure the loan remains in good standing is to verify that all parties qualify for the loan.

Qualifying for an aircraft loan requires verification of your financial condition and complete underwriting by the lender.  Financial documents such as tax returns, bank statements, and any associated business financials are required for the lender to complete underwriting.  Most lenders require that each individual partner qualifies on their own for the full loan amount.  With each partner capable of handling the loan individually, a financial or other personal hardship for one partner is unlikely to put the loan in jeopardy.  Additionally, having each partner’s information on file makes it easier for the lender to communicate with each partner when necessary.

Read full article here.

This article was originally published by AOPA Finance on February 2, 2023.

The private aviation industry is constantly evolving with changes in demand, technology and market trends shaping the industry. One such trend observed in recent years is the increased interest of owners and operators to increase the lifespan of an aircraft. 

The average life expectancy of an aircraft is between 25 to 30 years, but in today's market, where supply is low, and demand is high, people are continuing to fly their aircraft for five to ten years further. In the past, the market may have had three to four owners in an aircraft's lifetime, but now it is seeing potential for five to six. As a result, people have been shifting away from new aircraft due to lack of availability and considering more mid to late-term planes. 

Current Market Trends 

In a typical market, if 8 to 10% of the available operating fleet is for sale on the market, the market is in a supply/demand equilibrium. If that figure exceeds 10%, aircraft prices will see downward pressure and faster market depreciation. Over the past two years, aircraft pricing has increased across the board due to low supply.  

Peak demand post-COVID-19 saw about 2.5% of the operating business jet fleet available for sale. Since COVID-19, the prices and demand for aircraft have remained high. With fewer options, people push more life out of their plane, and new buyers are open to buying pre-owned, mid to late-term models.   
 

Several factors also contribute to the trend of purchasing mid to late-term aircraft, including:  
 

• The wait for new aircraft could be two years or more, so people are pursuing the used aircraft market instead of waiting.  

• Market acceptance for older aircraft is growing, broadening the customer base. 

• Older aircraft sometimes have unique features that owners and operators like (pilot preference, parts availability, and familiar maintenance requirements). 

• Greater demand for rental and exchange engines for older model planes indicates that people are trying to gain more life from their aircraft and run their aviation business more efficiently. 

Things to keep in mind when considering a mid to late term aircraft   

When thinking of purchasing an older aircraft or extending the life of one, people need to consider certain factors. “When considering purchasing an aircraft that is mid-term (15 to 20 years) or late-term (25 to 30 years and beyond), it is like dealing with a different product entirely rather than one straight off of the production line,” said Nathan Schnitzlein, Director of Strategy at JSSI Parts & Leasing.   

New entrants into the market are also looking for the best and most cost-effective way to explore business aviation, and operating costs are a large part of the decision-making process. Schnitzlein explains that the operating costs for an aircraft will have peaks and valleys throughout its life due to large airframe inspections and engine shop visits, and these costs vary depending on what point of the lifecycle the aircraft is in.    

Because operating costs are one of the more important elements in considering an aircraft, and these costs trend up with older aircraft, potential buyers should consider the following when considering purchasing a mid to late-term plane: 

1. The plane’s maintenance records. Tasks in the Airplane Maintenance Program (AMP) can become more expensive as the plane ages, so it's essential to check with the maintenance schedule to see if any checks are due or upcoming. In addition, there is currently a shortage of parts and maintenance services, which may slow the aircraft from receiving the required service.  

2. The engine maintenance program. If the aircraft is not covered on an engine maintenance program, what do the forecasted costs look like? Will a buy in or pro rata enrollment help mitigate future expenses? As aircraft increase in total time and cycles. Life Limited Component (LLC) coverage is important to consider.  

3. The general condition of the airplane and where the aircraft has been operating. For example, the airframe should be inspected for any corrosion due to the elements. Where does the airframe stand in terms of heavy checks and landing gear inspections? A Heavy Maintenance visit (HMV), also known as a D or C check, occurs every six to twelve years, depending on the make and model. These can be an expensive undertaking if one is due. 

4. The aircraft's operating history. It's important to obtain updated records that reflect everything accurately, including how the plane has been operating, such as if it was a charter plane or for personal use. Additionally, understanding where and how an older plane was registered and operated can increase future maintenance costs. For example, if a plane was registered as a Part 91 for the life of the plane and then a new operator wants to register it as a Part 135, the cost of switching is high. 

5. The market liquidity of a particular aircraft. Certain makes and models are always in high demand in the aftermarket. Still, if it's a unique plane, reselling it may be more challenging. If owners and operators look to buy a plane later in life, they should consider whether they want to fly it until its retirement or decide to keep the resale window open. 

6. Total time flown, not just the age of the aircraft. 

7. How will the plane be financed? Older models may require additional financing requirements compared to newer ones. 

Looking Forward 

Heading into the second quarter of 2023, the market is trending back to equilibrium (close to 6%) across all business jets. For some aircraft fleet types, the percentage available for sale has surpassed 10%, and price softening is expected in the near future. For others, that percentage has stayed below 5% and continues to hold strong value among typical charter operating types of aircraft.   

The private aviation industry is constantly changing. The trends discussed above are just a few ways the industry is evolving toward longer lifespans for aircraft, extending the usage of popular models and demanding more rental engines. As the industry adapts to meet the needs of consumers, we can expect to see new trends emerge that will shape the future of private aviation.   

Purchasing an older aircraft can be an attractive option for buyers as it can be less expensive than buying a newer model; however, potential buyers should consider the operating costs that may accompany an older plane. Those interested in a mid to late model should consider several factors before purchasing, including the operating costs, maintenance records, engine maintenance program general condition and operating history of the aircraft. 

About Jet Support Services, Inc. (JSSI) 

For over 30 years, Jet Support Services, Inc. (JSSI) has been the leading independent provider of maintenance support and financial services to the business aviation industry. JSSI offers worldwide support for aircraft owners, operators, and MROs through its Maintenance Programs, Parts and Leasing, Maintenance Software (Traxxall and SierraTrax), Advisory Services and Conklin & de Decker, which provides data and analysis tools. 

About NAFA 

The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members comprises lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members on the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

NAFA Welcomes New Member: Stratus Financial

National Aircraft Finance Association (NAFA) is pleased to announce that Stratus Financial has recently joined its professional network of aviation lenders. Stratus Financial provides student loans to aspiring aviators at all levels of experience and training. 

“NAFA members proudly finance, support or enable the financing of general and business aviation aircraft throughout the world, and we are happy to add Stratus Financial to our association,” said Ed Medici, President of NAFA. 

About Stratus Financial: 

Stratus Financial develops lending products for pilots at all stages of their careers. Through partnering with flight schools across the United States, Stratus Financial provides financing solutions to aspiring pilots for efficient, hassle-free underwriting. 

Stratus Financial was founded in 2020 by FAA-certificated flight and ground instructors with decades of experience in the aviation industry.  

Stratus brings together the student and school experience with several programs designed by flight schools. A great relationship with flight schools is critical to developing Stratus’ lending products for students and schools to achieve their goals.   

Stratus has a variety of loan products with fixed and variable rates available to flight students. Loans can cover all things needed for flight training. 

For more information, visit https://stratus.finance/. 

About NAFA:  

The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

NAFA Welcomes New Member: Verijet 

National Aircraft Finance Association (NAFA) is pleased to announce that Verijet has recently joined its network of aviation professionals. Verijet strives to make private jet charter flights more convenient, economical, safer and sustainable for all who wish to or need to fly.   

“NAFA members form a network of aviation finance services who proudly finance, support or enable the financing of general and business aviation aircraft throughout the world, and we are happy to add Verijet to our association,” said Ed Medici, President of NAFA.  

About Verijet: 

Verijet is a part 135 private charter jet operator with a rapidly growing fleet of single-engine jets that are luxurious, safe and highly convenient for private travelers. Verijet saves valuable time by utilizing smaller, local airports closer to the passenger's origination and desired destination and flying more directly point-to-point. Verijet supplies short-haul regional flights (less than seven hundred miles) covering the Southeast, Northeast, and Western U.S. 

Verijet supports protecting the earth, sustainability efforts and saving the availability and convenience of private aviation for future generations. Partnering with 4AIR, a company dedicated to developing and expanding sustainability programs, monitoring and compliance and sustainable fuel management, all Verijet flights are 100% carbon neutral.  

“Our goal is to decarbonize short-haul regional aviation while making it more accessible, economical and time effective for the passengers,” said founders Richard and Allison Kane. “Our planet and time are among our most precious commodities, and we're working on conserving both one flight at a time.” 

Founded in 2019, Florida-based Verijet is a technology company focused on air mobility – revolutionizing private aviation through proprietary AI and large-scale computing combined with the most innovative, advanced and safest jet in the air today — the SF50 Vision Jet built by Cirrus Aircraft.  

For more information on Verijet, visit http://www.verijet.com/. 

About NAFA:    

The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members on the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

Michael Cole, ATP
Senior Vice President 
Northwest Bank 
Business Aviation Finance Group 
michael.cole@northwest.com 
630.399.0826 

NAFA Welcomes New Member: Northwest Bank 

National Aircraft Finance Association (NAFA) is pleased to announce that Northwest Bank has recently joined its network of aviation professionals. Northwest Bank’s Aviation Finance Group offers the aviation industry a reliable, high-quality alternative to current financing sources.   

“NAFA members proudly finance, support or enable the financing of general and business aviation aircraft throughout the world, and we are happy to add Northwest Bank to our association,” said Jim Blessing, President of NAFA.  

About Northwest Bank: 

Northwest Bank’s Business Aviation Finance Group offers tailored financial solutions to meet the needs of prospective customers. The Business Aviation Finance Group supports loan sizes up to $50 million. 

The Northwest Bank Business Aviation Finance Group has over a combined 100 years of business aircraft finance sales and underwriting experience. Positioned as an industry specialist, the group offers a high level of practical experience and know-how in providing custom financial solutions to clients. 

The Business Aviation Finance Group offers the aviation industry a reliable, high-quality alternative to the current financing sources.  

Northwest Aviation Finance Group is backed by Northwest Bank, a Northwest Bancshares, Inc. subsidiary, traded on the NASDAQ: NWBI.  

For more information, visit: www.northwest.com.  

About NAFA:    

The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members on the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

In pilot speak, we trust but we also verify. Lenders do the same when considering an applicant for an aircraft loan. NAFA member, Adam Meredith, President of AOPA Aviation Finance Company, discusses aircraft loans and bank statements.

Filling out a personal financial statement during the initial loan application process is one indication of the buyer’s financial stability and ability to pay, but it’s just one point in a vast universe of data. The lenders are looking to form all your data into a cohesive line indicating you have the financial resources to own and operate an aircraft.

The old saying goes, “Two points make a line.” Many people confuse income and liquidity and try to complete that “line” with their tax returns as evidence they can make the monthly payment. The challenge with this idea is that taxes only provide evidence of your taxable income level. They do not confirm your level of liquidity.

Read full article here

This article was originally published by AOPA Aviation Finance Company on February 2, 2023.

Contact:  

Tracey Cheek 
tlc@nafa.aero 
405.850.1292 

Chuck Stumpf, CEO and Founder
805.455.0006
chuck@hmsjets.com

 

NAFA Welcomes New Member: HMS Aviation 

The National Aircraft Finance Association (NAFA) is pleased to announce that HMS Aviation has recently joined its network of aviation professionals. HMS Aviation assists clients in the selling, acquiring and leasing of aircraft.  

"NAFA members proudly finance, support or enable the financing of general and business aviation aircraft throughout the world, and we are happy to add HMS Aviation, and it's services to our association," said Jim Blessing, President of NAFA.  

Chuck Stumpf, the company’s CEO and founder, is a highly accomplished aviation executive with an extensive track record of leadership in the private aviation industry.  

The HMS aviation team uses their excellent customer service, sophisticated research, professional negotiation skills and business aviation intelligence to provide a range of services, including sales, acquisitions, leasing and comprehensive consulting for private jets—serving individuals and corporate flight departments with the utmost integrity, dedication and confidentiality. 

About HMS Aviation:

With over three decades of private aviation expertise, HMS Aviation is committed to finding the perfect buyer or acquiring the ideal aircraft for first-time buyers and seasoned aircraft owners. With a global presence and expertise, HMS' respected team guides every aircraft transaction and is well-equipped to handle all aircraft offerings. Their team of skilled analysts, advanced applications and extensive market research provide valuable insights and intelligence, ensuring successful client transactions every time.  

HMS Aviation is based in Santa Barbara, California, and serves clients globally with operations in Los Angeles, San Francisco, New York and Dubai. For more information, visit www.hmsjets.com. 

About NAFA:  

The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. The company now has three offices: Geneva, New York City and Dubai.