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  • NAFA Administrator posted an article
    NAFA member NBAA welcomes FAA ruling on expanding aircraft ownership cycle. see more

    Washington, DC, Nov. 17, 2022 – The National Business Aviation Association (NBAA) today welcomed the Federal Aviation Administration’s (FAA’s) direct final rule to extend the duration of aircraft registration certificates from three to seven years.

    “We applaud the FAA for hearing our concerns over the current requirements and making this change,” said NBAA Director of Flight Operations and Regulations Brian Koester. “The new rule comes with tangible benefits that will help drive convenience and efficiency for business aircraft owners.”

    Read full release

    This press release was originally published by NBAA on November 17, 2022.

  • NAFA Administrator posted an article
    NAFA Welcomes New Member: Volato see more

    Nicholas Cooper

    Co-Founder and Chief Commerical Officer

    Nicholas.cooper@flyvolato.com

    www.flyvolato.com

     

     

    NAFA Welcomes New Member: Volato 

     

    National Aircraft Finance Association (NAFA) is pleased to announce that Volato has recently joined its professional network of aviation lenders. Volato is a fractional jet and aircraft management company.  

    “NAFA members proudly support businesses designed to facilitate the aviation lending process, and we are happy to add Volato to our association,” said Jim Blessing, President of NAFA.  

     

    About Volato:  

    Volato is a full-service private aviation company with over 25 years of aircraft management experience. Volato provides a fresh approach to fractional ownership, aircraft management, jet card and charter programs.  

    Volato’s fractional program uniquely offers flexible hours and a revenue share on every live mission for owners in a fleet of bespoke HondaJet Elite aircraft, which are optimized for missions of up to four passengers, and Gulfstream G280 aircraft, which are optimized for missions of up to ten passengers.  

    Volato also offers the unique Stretch Jet Card, where members receive Stretch Credits according to their flexibility at booking and final itinerary. Stretch Credits accrue for flight time on Volato’s fleet of luxury private jets in the Stretch Jet Card Program. 

    All Volato flights are operated by its DOT/FAA-authorized air carrier subsidiaries (GC Aviation, Inc., FlyDreams, LLC d/b/a Volato) or by an approved vendor air carrier.  

    For more information, visit: https://www.flyvolato.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 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 industry with the highest quality services. The company now has three offices: Geneva, New York City and Dubai.  

  • NAFA Administrator posted an article
    NAFA Welcomes New Member: Aviation Legal Counsel see more

    Forrest Owens, Esq.  
    Board Certified Specialist – Aviation Law  
    888-6FLYLAW Ext. 2 
    forrest@aviationlegalcounsel.com  
    admin@aviationlegalcounsel.com   

     

    NAFA Welcomes New Member: Aviation Legal Counsel 

     

    National Aircraft Finance Association (NAFA) is pleased to announce that Aviation Legal Counsel has recently joined its network of aviation professionals. Aviation Legal Counsel is a leading aviation firm that assists aircraft transactions, registration, tax, finance, litigation and more. 

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

     

    About Aviation Legal Counsel: 
    The firm and its staff have years of experience in aviation, including aviation legal considerations, aircraft operations and maintenance. The team has extensive experience in hundreds of aircraft transactions, ranging from home-built aircraft to large cabin corporate aircraft with every major manufacturer, including rotorcraft.  

    Aviation Legal Counsel concentrates on aircraft and aviation-related transactions, cross-border transactions, airman defense before the FAA and Department of Transportation, airport real estate and land use, and civil litigation arising from aviation-related disputes.  

    The firm is also well-versed in fractional ownership and shared ownership arrangements. Aviation Legal Counsel is committed is to staying current to support a client’s aviation legal needs, now and in the future. 

    For more information, visit: http://aviationlegalcounsel.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. The company now has three offices: Geneva, New York City and Dubai. 

  • NAFA Administrator posted an article
    NAFA Welcomes New Member: Silver Air Private Jets see more

    Chuck Stumpf 
    President of Sales & Acquisitions 
    805-455-0006 
    chuck@silverair.com 
    www.silverair.com 

     James Maxwell 
    Chief Financial Officer 
    805-453-9097 
    james@silverair.com 
    www.silverair.com 

      

    NAFA Welcomes New Member: Silver Air Private Jets  
      

    National Aircraft Finance Association (NAFA) is pleased to announce that Silver Air Private Jets has recently joined its professional network of aviation lenders. Silver Air Private Jets is a private aircraft management company and direct charter operator.  

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

     

    About Silver Air Private Jets:  

    Founded in 2008, Silver Air Private Jets is an innovative, industry-leading aircraft management company, charter operator and aircraft sales and acquisitions company. The company operates under a Full FAA Part 135 certificate with worldwide operations as a DOT Certificated Air Carrier. Based in Southern California with corporate offices in Santa Barbara, Silver Air manages a comprehensive fleet of luxury aircraft, including light to long-range heavy jets with a global network operating around the clock, twenty-four hours a day. 

     Silver Air Private Jets has created a new aviation management and jet charter industry model, working with owners as partners rather than clients. The company gives owners a transparent view of their aircraft operations and making management decisions based on the aircraft owners’ goals. Silver Air Private Jets manages a diverse fleet of aircraft, from light to long-range heavy jets. The company strives to create an ownership-like environment for charter guests and ensures every charter guest on every flight has a world-class experience. 

    For more information, visit http://www.silverair.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 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 industry with the highest quality services. The company now has three offices: Geneva, New York City and Dubai.     

  • NAFA Administrator posted an article
    NAFA Welcomes New Member: BOK Financial see more

    Scott Powell 
    Managing Director, Aviation 
    214.932.3059 
    214.709.3347 
    spowell@bokf.com 
    5956 Sherry Lane #900 
    Dallas, TX  75225 

     

    NAFA Welcomes New Member: BOK Financial 

     

    National Aircraft Finance Association (NAFA) is pleased to announce that BOK Financial has recently joined its network of aviation professionals. The lending professionals at BOK Financial create custom, affordable aircraft financing solutions for their BOK Financial Private Wealth clients.  

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

    About BOK Financial: 

    Whether you are a busy executive looking for a more convenient way to travel, a family with a busy schedule or an aviation enthusiast pursuing a passion, BOK Financial provides financing solutions to keep clients soaring. 

    The lending professionals at BOK Financial Private Wealth create custom, affordable aircraft financing solutions that help clients achieve their cash flow and liquidity requirements. BOK Financial understands the complexities of purchasing and financing personal aircraft.  

    The BOK Financial program includes: 

    • Financing for new and used jet and turboprop aircraft (including aircraft greater than 20 years old) 
    • Competitive fixed and variable rate loans 
    • Ability to refinance existing aircraft and/or finance improvements
    • Customized terms for FAR Part 91 or FAR Part 135 financing 

    With operations in eight states, BOK Financial is a top 30 regional financial services organization serving the complete financial needs to consumers, businesses, mortgage and wealth clients.  

    For more information, visit: https://www.bokfinancial.com/wealth/products-and-services/private-banking-and-wealth-management/private-banking/credit-solutions/aircraft-financing
     

    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. The company now has three offices: Geneva, New York City and Dubai. 

  • NAFA Administrator posted an article
    AMSTAT Q3 Business Aircraft Resale Market Update see more

    For immediate release:

    AMSTAT reports strong preowned Heavy and Super-Mid Jet transaction activity, low but increasing inventories and continued month-over-month value increases, albeit at a slowing rate.

    Tinton Falls, NJ – October 14, 2022:  AMSTAT, the leading provider of business aircraft market, fleet, and operator information for 40 years, has released its latest business aircraft market update webinar in conjunction with Bloomberg Intelligence and General Aviation Services.

    The webinar data showed that at the upper end of the market preowned transaction, activity remains robust with final transaction counts in the Heavy Jet segment for the first three quarters of 2022 likely to match the same period in 2021, and transactions in the Super-Mid segment exceeding the same period in 2021 by 4%.  In these same segments, inventories are up year-to-date but remain way below their 10-year average.  Robust demand and low availability continue to push values up with the Heavy Jet median value up 19% YTD and the Super-Mid median value up 31% year-to-date.

    Transaction activity in the Medium and Light Jet segments remains ahead of historical norms but is lower for the first three quarters of 2022 than the same period in 2021 by 18%.  However, for comparison, the transaction count for the Medium Jet segment is 30% ahead of the same period in 2019 and 33% ahead for the Light Jet segment.  As with the larger jets, the inventory levels in these segments are up but remain well below their 10-year averages.  Lower transaction activity seems to have slowed the increases in median values in Q3 with minimal changes in this metric in these segments since July.

    The preowned Turboprops market seems to have slowed.  Transaction counts for the first three quarters are 13% lower than last year and 4% below 2019 levels.  Inventory levels are up for turboprops but with 3.3% of the fleet for sale, these levels remain below their 7.2% 10-year average.  Values in this segment continue to go up but at a shallower rate than before.

    Overall, the ratio of pre-market and on-market transactions is changing.  Traditionally this ratio is around 60/40 but went up to 80/20 in 2021.  The data suggests a settling back of this metric to traditional levels in 2022.

    The report also noted that flight activity from charter and fractional programs has stabilized after reaching highs in 2021, suggesting that new users of these services have largely remained.  By comparison, activity from Part 91 flight departments continues to grow and now exceed 2019 levels.  The report also evidenced data on forward builds for avionics sales as further support for strong airframe OEM backlogs.

    At a macro level, GDP expectations for major economies are moving lower with consensus indicating a soft recession at the end of 2022, and into the first quarter of 2023 with sub 1% growth expected for 2023.  This will likely have a more pronounced impact on the owner flown Light Jet and Turboprop segments.

    To watch a video of the webinar and to access a copy of the slides, click on the following link:  https://tinyurl.com/bdh3kbh3

    AMSTAT will be demonstrating its services at NBAA-BACE, October 18-20, 2022, Orlando, FL in Booth #4051.

     

    About AMSTAT, Inc.
    AMSTAT is the leading provider of market research information and services to the corporate aviation industry.  Founded in 1982, and based in Tinton Falls, NJ, AMSTAT introduced the concept of providing researched information to corporate aviation professionals.  AMSTAT’s mission is to provide timely, accurate, and objective market information to its customers.  AMSTAT products and services provide aviation market and statistical information that generates revenue and delivers competitive advantage to brokers/dealers, finance companies, fractional providers, and suppliers of aircraft parts and services.

    Information:
    AMSTAT, Inc.
    Andrew Young
    New Jersey: (732) 530-6400 x1470
    andrew@amstatcorp.com
    www.amstatcorp.com

  • NAFA Administrator posted an article
    NAFA Welcomes New Member: Sunset Aviation Insurance see more

    FOR IMMEDIATE RELEASE:  Oct 13, 2022                                    

    Contact: Tracey Cheek 
    tlc@nafa.aero
    405.850.1292  

     

    Benjamin Peterson 
    Ben@sunsetais.com 
    561.210.0244 

     

    NAFA Welcomes New Member: Sunset Aviation Insurance 
     

    National Aircraft Finance Association (NAFA) is pleased to announce that Sunset Aviation Insurance has recently joined its professional network of aviation lenders. Sunset Aviation Insurance provides specialized, worldwide aviation insurance brokerage services to help clients with their insurance needs.  

    “NAFA members proudly support businesses designed to facilitate the aviation lending process, and we are happy to add Sunset Aviation to our association,” said Jim Blessing, President of NAFA. 

    About Sunset Aviation Insurance: 

    Independently owned by Benjamin Peterson, Palm Beach, Florida-based Sunset Aviation provides exceptional service to secure the best rates, coverage and pilot warranties. Peterson, who graduated from the University of North Dakota with a degree in Commercial Aviation as a pilot and flight instructor, is passionate about helping others save money on their aircraft insurance. 
     

    Sunset Aviation Insurance specializes in: 

    • Airlines

    • Charter Companies 

    • Corporate Jets and Helicopters 

    • Owner Flown Aircraft 

    • FBOs and MROs 

    • Airport Liability 
       

    “Because we are pilots and we know aviation, we can provide exceptional service to aircraft owners and aviation companies,” said Peterson. “Aircraft Insurance is often a major hurdle for aircraft buyers, and it’s our job to get them to the finish line.” Sunset Aviation’s team of seasoned professionals can handle all types of aviation insurance needs. 

    For more information, visit https://sunsetais.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.  

  • NAFA Administrator posted an article
    CurrencyAir Joins National Aircraft Finance Association see more

    CurrencyAir Joins National Aircraft Finance Association 

     

    National Aircraft Finance Association (NAFA) is pleased to announce that CurrencyAir has recently joined its network of aviation professionals. CurrencyAir arranges competitive financing choices for aircraft purchases. 

    “NAFA members extend a warm welcome to CurrencyAir into our association,” said Jim Blessing, president of NAFA.  
     

    About CurrencyAir: 

    CurrencyAir offers an extensive network of lenders for all kinds of aircraft purchases, regardless of aircraft age, purchase price, or the type of aircraft being acquired. With a wide range of attractive terms and rates, CurrencyAir provides competitive financing options and superior customer service. A dedicated CurrencyAir financing expert works with aircraft buyers through the entire process, coordinating all details with the buyer, seller, escrow and insurance to ensure a smooth closing.    
     

    Products & Services: 

    • Term loans

    • Leases 

    • Financing for jets, turboprops, piston aircraft, helicopters, light sport, kit and experimental aircraft  

    CurrencyAir is a lending product designed for Controller.com, the world’s largest pre-owned aircraft sales site. With a lender network that covers the spectrum of deal sizes, aircraft types, and missions, CurrencyAir arranges competitive financing choices for aircraft purchase from $25,000 up to $50 million and beyond. Whether the mission is Part 91, Part 135, flight school leaseback, or even essential use, CurrencyAir has customized financing options to suit both consumer and corporate clients. For more information, visit: https://www.gocurrency.com/air/
     

    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. 

     September 26, 2022
  • NAFA Administrator posted an article
    NAFA Welcomes New Member: Engine Assurance Program see more

    NAFA Welcomes New Member: Engine Assurance Program 

    National Aircraft Finance Association (NAFA) is pleased to announce that Engine Assurance Program (EAP) has recently joined its network of aviation professionals. EAP offers a high-quality alternative to engine coverage for the older engine platforms.  

    “NAFA members welcome and appreciate the breadth of coverage EAP provides for aircraft engines,” said Jim Blessing, President of NAFA. “EAP is an excellent addition, and we fully support the benefits EAP provides our organization.” 
     

    About EAP:  

    In the past six years, Engine Assurance Program (EAP) has emerged as a leading hourly engine maintenance program. It covers all variants of the Honeywell TFE731 as well as General Electric, Rolls-Royce and Pratt & Whitney engines. With the addition of the Honeywell CFE738, which powers the Falcon 2000, EAP covers a large portfolio of engine models on some of the most popular business jets. 

    "Our customer service really sets us apart, but clients also are pleasantly surprised by our pricing. They are impressed with our responsiveness; when a client calls everyone jumps on the situation until it is resolved whether it is a scheduled or an unscheduled AOG. That being said, quality is always our priority,” says Sean Lynch, EAP program coordinator. “Even though we’re growing rapidly, we still respond to every customer as if they are our best customer.” 

    Importantly, EAP has a robust rental pool of engines and APUs to support their fleet including the addition of another CFE738-1-1B for the Falcon 2000s. “We’ve never had a customer go without a rental engine or APU when they need one. That is something we take pride in since it is an impressive achievement in this current market,” added Lynch. 

    EAP’s client base has expanded to include operators from all over the world, including several fleet operators. 

    EAP’s hourly engine maintenance program covers scheduled and unscheduled maintenance, including life-limited parts, LRUs, R&R, shipping, rentals, line maintenance, trend monitoring and catastrophic coverage while boasting a 99.99 percent dispatch reliability rate. 

    EAP provides customers with increased residual value of their aircraft, enhanced customer service and meaningful cost savings of as much as $80-$100 per engine per hour while using the same high-quality parts, engine MRO shops and field service technicians as the other programs. 

    EAP is headquartered in Dallas, Texas. 

     

    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.  

     September 20, 2022
  • NAFA Administrator posted an article
    Remembering Gil Wolin see more

    On behalf of NAFA: 

    On September 5th, our industry suffered a huge loss when Gil Wolin, a business aviation veteran and one of its strongest supporters, passed away, at age 71, following a short illness.

    Gil was well-known to many of us, having played numerous roles in our industry during the past five decades. An iconic sales and marketing professional, and one of the nicest people within the business aviation community, one of Gil’s greatest talents was never forgetting the name of anyone he met – and the specific people he knew is nothing short of astounding.

    “The National Aircraft Finance Association, and the business aviation industry as a whole, have lost a great supporter with Gil’s passing,” said Jim Blessing, NAFA’s president. 

    “In addition to his broad industry knowledge and willingness to impart it to anyone who sought his counsel,” stated Tony Kioussis, president of Asset Insight LLC and NAFA Board Secretary, “those of us who had the pleasure of knowing Gil will always remember his wit and ability to explain complex aviation topics in terms anyone could understand.”

    In a published statement, National Business Aviation Association (NBAA) President and CEO Ed Bolen said “Gil’s passing comes as a great loss for the business aviation community. He set an example as a friend, a mentor and an industry champion. Through his words and actions, he made us better.”

    Following numerous leadership roles within business aviation, including positions within Executive Jet Management, Combs Gates/AMR Combs, Mayo Aviation, and McGraw-Hill (where he served as publisher of Business & Commercial Aviation, A/C Flyer and Show News magazines), Gil joined TAG Aviation USA as vice president, corporate communications.

    In 2009 he founded Wolin Aviation Consulting to assist business aviation service providers in designing and implementing effective marketing, communications and strategic planning programs. Then, in 2013, he established Business Aviation Advisor, a print and online publication that has served as an information resource for those utilizing business aviation through whole-aircraft ownership, fractional providers, and charter.

    Perhaps Dick Koenig, retired publisher of Flying magazine, said it best, “Gil will never be forgotten, just as he never forgot anyone in this business.”  

     September 08, 2022
  • NAFA Administrator posted an article
    In a first for the aviation industry, the FAA has approved supplemental type certificates (STCs) for see more

    In a first for the aviation industry, the FAA has approved supplemental type certificates (STCs) for the use of General Aviation Modifications Inc.’s G100UL 100-octane unleaded avgas in all general aviation piston aircraft. GAMI co-founder George Braly stated that the fuel will initially be produced in small batches while the manufacturing and distribution infrastructure is established. Although pricing for G100UL has not yet been determined, Braly noted it will cost “slightly more” than 100LL until production volume increases.

    “This is a big day for the industry,” said Braly. “It means that for a lot of our general aviation communities, and especially for a high fraction on the West Coast, relief is on the way. And it means that our industry will be able to go into the future and prosper, and provide the essential infrastructure for this country for everything from Angel Flights to critical training of our future airline pilots.”

    As previously reported by AVweb, the new STCs come after significant controversy surrounding the approval process including unanticipated delays and additional reviews. GAMI received its first STC for G100UL in July 2021 and STCs for around 600 additional engines the following October. The company began work on G100UL in 2009.

    Read full article here

    This article was originally published by AVweb on September 1, 2022.

     September 02, 2022
  • NAFA Administrator posted an article
    Embry-Riddle Launches the Latest Evolution in Business Education see more

    Building on nearly 100 years of education innovation, NAFA member Embry-Riddle Aeronautical University has rolled out revolutionary redesigned curriculums for three of its key business graduate degree programs.Using this unique modular approach, students can now design an educational journey tailored to their interests and career goals.

    Launched in 2021 through the Worldwide Campus College of Business, the enhanced MBA in AviationM.S. in Engineering Management and M.S. in Management programs each include a high-reliability organizations (HRO) theme, a degree-specific core and the opportunity to earn industry-specific certificates.

    “The HRO theme in our program is really unique and distinct,” said Dr. Maneesh Sharma, dean of the Worldwide College of Business. “In today's world, every organization can benefit from a better understanding of systemic risk and how it can impact an organization moving forward. Most schools in this country and elsewhere don’t have a unifying theme across their graduate degrees.”

    These groundbreaking new programs aim to meet the critical need for professionals capable of managing in technical environments that demand precision, redundancy and have little margin for error.

    Read full article here

    This article was originally published by AIN in April 2022.

  • NAFA Administrator posted an article
    Historic Flight Foundation Joins National Aircraft Finance Association see more

     

    FOR IMMEDIATE RELEASE:  June 20, 2022                                   

    Contact: Tracey Cheek 

    tlc@nafa.aero 

    405.850.1292 

      

    Historic Flight Foundation Joins National Aircraft Finance Association 

    Edgewater, MD – National Aircraft Finance Association (NAFA) is pleased to announce that Historic Flight Foundation has recently joined its network of aviation professionals. Historic Flight Foundation (HCC) is a museum showcasing rare aircraft produced between 1927 and 1957, restored to flying condition. 

    “NAFA values the educational element of aviation that Historic Flight Foundation provides to the overall population and especially to the education community. We welcome HFC to our association and its engaging format for learning principles of science, technology and math,” said Jim Blessing, president of NAFA. “Projects that spark imagination and an interest in aviation are what inspire the next generation of flight enthusiasts and pilots.” 
     

    Products & Services: 

    • Museum exhibits 

    • Educational programs 

    • STEM emphasis 

    • Facility rentals
       

     About Historic Flight Foundation: 

    Historic Flight Foundation is a museum featuring a collection of the most important aircraft produced between 1927 and 1957, restored to flying condition. The mission is to provide an understanding of how aviation has played a key role in shaping history and the future. Every exhibit profiles both the aircraft and its unique story. 

    Located in Spokane, Washington, HCC partners with educators to bring aviation-based STEM (science, technology, engineering and math) topics to the classroom with modules that fulfill state learning standards, focusing on middle and high school students. 

    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.  

  • NAFA Administrator posted an article
    NAFA Establishes Foundation to Support Scholarship Program see more

    FOR IMMEDIATE RELEASE: June 15, 2022            

    Contact: Tracey Cheek  

    tlc@nafa.aero  

    405.850.1292  

     

    NAFA Establishes Foundation to Support Scholarship Program 

     

    In 2007, the National Aircraft Finance Association (NAFA) recognized that students often had difficulty meeting the high cost of the education required to enter the Business Aviation industry. Accordingly, to help support the education of future Business Aviation leaders, NAFA has provided over $200,000 in scholarships to students pursuing a career within the Business Aviation finance, legal and insurance community, through the NAFA Scholarship program.  

    With overwhelming support from the NAFA membership, the Association has now established a foundation to support the Scholarship Program, fittingly named the NAFA Foundation. The Foundation also allows entities to make tax-deductible contributions enabling the Association to expand its financial assistance efforts.   

    “The NAFA Foundation was established to expand the Association’s commitment to helping educate the next generation of business aviation professionals,” said Jim Blessing, president of NAFA. “Since 2007, NAFA has provided over $200,000 in scholarships to exceptional students pursuing a career within the business aircraft finance, legal and insurance community. The NAFA Foundation now offers entities the opportunity to make tax-deductible contributions that will enable NAFA to expand its scholarship program to include education of employed, aspiring professionals, as well as appropriate philanthropic causes.” 

    The NAFA Foundation hosted its first-ever Charity Golf Tournament at NAFA's 50th Annual Conference to kick off fundraising efforts. The fundraising effort was a huge success, with over 60 participants and nearly 20 sponsoring companies. The NAFA Foundation represents the Association’s ongoing work to bridge the financial gap encountered by talented individuals seeking the education they will need to become Business Aviation’s future leaders.   

    About NAFA: The National Aircraft Finance Association (NAFA) is a non-profit corporation dedicated to promoting the general welfare of individuals and organizations by providing aircraft financing and loans secured by aircraft; improving the industry’s service to the public; and providing our members with a forum for education and the sharing of information and knowledge to encourage the financing, leasing and insuring of general aviation aircraft. For more information about NAFA, visit the website at  www.NAFA.aero.  

  • NAFA Administrator posted an article
    Preowned Business Jet Market Continues Feverish Pace see more

    The preowned business aircraft market remains hot, with 288 transactions completed in the first quarter of 2022, according to a report from NAFA member International Aircraft Dealers Association (IADA). That's a 35 percent increase from the first quarter of last year when 213 transactions were completed, the association said.

    “We live in tumultuous times," said IADA executive director Wayne Starling. "Despite that, the aviation field continues to show extraordinary strength. Global demand is very high.”

    IADA members reported that acquisition agreements nearly doubled to 223 in the first quarter, up from 121 a year earlier. Prices dropped in only six cases, compared with 27 a year earlier. IADA reported that 45 deals fell apart in the quarter. Although that number was up from 41 in the first quarter of 2021, it was against the backdrop of an increase in the number of agreements.

    The association’s members were retained exclusively to sell 155 aircraft in the quarter, down slightly from 157 a year earlier.

    This article was originally published by Business Jet Traveler in April 2022.