FRACTIONAL AIRCRAFT OWNERSHIP

The benefits of private aviation without the capital-intensive cost of outright ownership

We specialize in fractional ownership financing from 1/16 share (50 hours) to 1/2 share (400 hours) for large corporate entities and for the business needs of high-net-worth individuals. We will be there throughout the financing process, offering thoughtful guidance while considering cash flow, tax consequences, and borrowing options to ensure that our clients obtain a financing solution that best meets their needs.

Loan Options *

Floating or fixed rates
Loan-to-values up to 90%
Amortization of 10-12 years
Terms to match your fractional operating agreement (typically 3-5 years)

Floating or fixed rates
Loan-to-values up to 90%
Amortization of 10-12 years
Terms to match your fractional operating agreement
(typically 3-5 years)

Requirements

Borrower must be a U.S. citizen or acquire the aircraft through a U.S. trust
Ownership must be purchased by a holding company
Recourse to the fractional owner is required
The aircraft must be N-Registered in the U.S.

Flexible End-of-Term Options

Clients have several choices at the end of their fractional ownership term. They can refinance to maintain their share, settle the remaining loan balance, or alter their investment by upgrading or downsizing their share. In the event of a sale, the fractional aircraft provider typically agrees to buy back the share at the current market value.

*All transactions are subject to credit approval. Eligibility for a particular Service is subject to final determination by First American. Some restrictions may apply.

GET STARTED

For more information, contact your RBC Wealth Management financial advisor for a referral to First American.

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Product Disclosure Statement:

All loan applications are subject to underwriting guidelines, review, and final approval. This communication does not constitute an offer to lend, nor is it a commitment to lend. Not all applicants will qualify for the loan products offered. Loan terms, programs, conditions, and interest rates are subject to change without notice. Fees and costs associated with the loan are governed by applicable state and federal laws, including high-cost loan thresholds. Creditworthiness, income, and collateral are subject to comprehensive review and approval. Loan programs may require a minimum credit score or other specific eligibility criteria. Availability of products and services may vary by state, and certain products may not be offered in all states. Additional terms, conditions, and restrictions may apply. All transactions and equipment financing and leasing are offered through a Third-Party Originator (TPO). Specific products and programs may vary based on the finance company’s guidelines and policies. Equipment financing and leasing are offered by First American Equipment Finance, a subsidiary of City National Bank, and are subject to credit approval by, and documentation acceptable to, First American Equipment Finance.Christian Penner PA is a Licensed Realtor & Commercial Mortgage Broker, and Mortgage Loan Originator, NMLS# 368289.

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