Dubai 2011: SimplyFly offers integrated financing

The ExecuJet Aviation Group, for example, has launched the SimplyFly financing programme. According to Andrew Hoy, ExecuJet director group sales, is the first aviation company to offer such integrated financing. He said: “SimplyFly is tailored to those who have to date stayed away from jet ownership, or gravitated towards fractional ownership programmes, in order to avoid the complexity and burden of aircraft financing.”

He added: “ExecuJet now has a fund available for non-recourse financing, both on and off balance sheet. This capability has been combined with our aircraft sourcing, management and operations services into a single integrated product, and makes us quite unique in meeting a long apparent market demand.

“As one knows, true non-recourse finance is a rare product and we trust this will ensure that ExecuJet continues to stay one step ahead in the industry.”

Part of the financing deal is that ExecuJet will manage and operate the aircraft as well. ExecuJet will operate the aircraft under one of its seven Air Operating Certificates (AOCs). The firm will arrange maintenance and technical support and provide all the fixed base operations (FBO) and ground handling services.

OEM Diamond Aircraft said yesterday that it, too, is likely to offer financing deals for its new D-Jet.

Below: Execujet's Andrew Hoy