How To Finance A Business Aircraft
Everything you need to know about applying to finance a business jet, helicopter, or other aircraft for your company’s use.
Business Aircraft Financing: Where Do I Start?
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1.
Familiarize yourself with the process of buying corporate plane or helicopter
Aircraft Buyer's Guide -
2.
Get estimates on the complete cost of ownership of the aircraft you want
Aircraft Cost Calculator -
3.
Decide whether you want to purchase business aircraft with financing or secure a lease
Aircraft Financing Guide -
4.
- Transfer of paid passengers, including charter and air taxi services
- Cargo charters
- Air ambulance operations
- Private and business use
- Personal travel
- Corporate shuttles
- Owner-flown business trips
Decide whether your business aircraft will be used for commercial or non-commercial purposes
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5.
Ensure all your documents are in order
Business Aircraft Financing Document Checklist -
6.
Fill out our aircraft financing application
Apply Now
What Documents Do I Need To Finance A Business Aircraft?
- Two years of business tax returns with all pages and statements included
- Your interim profit and loss (P&L) and balance sheets for the current year
- Previous year P&L and balance sheets, if you have not yet filed a tax return for that year
- Debt schedule
- Complete bank statements (no partial statements or screenshots) for all businesses, dated within the last 30 days if possible
PLUS The Documents Required For A Personal Aircraft
- An aircraft specification sheet or link to a for-sale listing (or if you’re still shopping, enter guidelines on the CurrencyAir loan application)
- Completed loan application
- Personal Finance Statement (PFS)
- Two years of individual federal tax returns with all pages and statements included
- Two years of W-2 and/or 1099 forms that correspond with the individual tax returns, including forms not yet filed for the current tax year, if available
- If it is after the filing deadline and you have not filed a tax return, provide a signed and filed tax extension form (4868)
- Two years of K-1 forms for all businesses in which you hold ownership
- Your most recent pay stub, if applicable
- An Investment Real Estate Schedule, if applicable (the form for this information is included in the financing application)
- A color photocopy of your driver’s license
Is Business Aircraft Considered An Asset On A Balance Sheet?
Yes. If the company owns a business jet or other type of business aircraft, it will be included in the long-term assets on a balance sheet.
Can you deduct business aircraft purchase price for the tax year?
Bonus depreciation for business aircraft involves complex calculations—click the button below to review our guide covering what’s new, who qualifies, eligible expenses like aircraft and upgrades, and preparation steps before consulting professionals.
DISCLAIMER: Currency does not provide tax, legal or accounting advice. The foregoing has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Limits and information mentioned is subject to change.