June 3, 2013
Frederick, MD—The Aircraft Owners and Pilots Association (AOPA) launched an expansive new aviation finance company today that will give AOPA members greater access to lending options for aircraft purchases and avionics upgrades.
The new service, AOPA Aviation Finance Company, LLC (AAF), will offer more flexible financing options through a collection of banks—rather than with just one institution. This will allow AAF to identify the best loan options for members and ultimately deliver competitive terms for each aviation transaction. AAF will not be loaning money directly, but instead be acting as a broker.
Notably, AAF will also help members obtain loans for aircraft that tend to be more difficult to finance, such as experimental, kit, and early model airplanes. AAF will also identify member loans for avionics and engine upgrades.
“AAF is making flying more affordable and accessible by improving the aircraft financing process for our members,” said Craig Fuller, AOPA president and CEO. “This new program will help make buying a new airplane more enjoyable and friendlier.”
While AOPA has offered aircraft finance services for nearly two decades, the new AAF arrangement using multiple banking partners identifies financing options for all types of aircraft at competitive rates and terms. It also offers members exceptional service and knowledgeable advice regarding aircraft loans.
AAF staff will support each AOPA member as a broker, walking them step-by-step through the financing transaction. AAF will also provide faster time-to-ownership for members by providing quick decisions from established financing partners.
“Using a wide variety of banks gives AAF greater flexibility in arranging affordable financing and re-financing for AOPA members,” said AAF’s Adam Meredith, who oversees the program. “This is generating a lot of new added value for AOPA members.”
Ultimately, AOPA Aviation Finance is committed to providing support for AOPA’s mission of protecting the freedom to fly by helping to preserve airports, growing the pilot population, and looking out for the interests of general aviation through advocacy in Washington, DC and in all 50 states.
Interested AOPA members can find more information by visiting www.aopafinance.com or calling 800-62-PLANE.
Since 1939, AOPA has protected the freedom to fly for thousands of pilots, aircraft owners and aviation enthusiasts. With a membership base of nearly 400,000, AOPA is the largest aviation association in the world. With representatives based in Frederick, M.D., Washington, D.C., and seven regions across the United States, AOPA provides member services that range from advocacy at the federal, state, and local levels to a legal services plan, flight planning products, safety programs and award-winning media products. To learn more, visit www.aopa.org.
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