| AIRCRAFT FINANCE Benefits of Aircraft Ownership |
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Aircraft ownership has many advantages over commercial aviation. For example, there are numerous airports around the world that accommodate private aircraft, compared with relatively fewer airports available to commercial carriers. In the U.S. alone there are 5400 airports available to private aircraft and only 500 available to commercial travel. Add to this security issues, overcrowded and overbooked flights, ticket prices increasing and why would anyone fly commercial if they could avoid doing so. As a result, private aircraft owners can enjoy the flexibility of being able to go where they want, without adhering to set schedules. An aircraft is a valuable asset–typically costing between $5 million and $60 million–and most buyers choose to finance their purchase. Their reasons vary, from long-term cash flow management to the deductibility of interest for income tax purposes which depends on the tax jurisdiction of the owner or operator. You should consult with your tax advisor regarding the deductibility of interest. | ||||||||||||||||||||||
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