While we can appreciate why an owner would want a factory re-manufactured engine, the lenders are still going to treat the two of those roughly the same. The reports on the aircraft engine condition monitoring system market provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering … Firstly it should be mentioned that the "top overhaul" of an aircraft piston engine constitutes the removal of valve gear, cylinder assemblies and piston ring assemblies. From helpful and responsive reps you can trust. Briefly, "overhaul" isn't a strictly defined term but it's generally used to refer to the intensive inspection, maintenance and repair of an aircraft component, frequently - but not exclusively - the engines. The word overhaul by itself is a general term that's used in all sorts of places but it's not defined in 14 CFR 1.1, for example Consequently, the lender would have to sink money into the airplane before it can be resold, PLUS there’s the added cost of lost time. Aircraft Maintenance Handbook for Financiers provides an introductory level description of the principles, general practices and economic characteristics associated with aircraft maintenance. If those guides reduce value to a high-time or at-TBO engine, then the lender will as well. $50,000,000 … var addy_text467d6cd5a1b6b5422c8ff2620a701465 = 'Kalieh Newell,';document.getElementById('cloak467d6cd5a1b6b5422c8ff2620a701465').innerHTML += ''+addy_text467d6cd5a1b6b5422c8ff2620a701465+'<\/a>'; The worst-case scenario in both of these cases would be for a borrower to suffer a hardship and default on loan payments on an aircraft with an engine(s) nearing or at the TBO cutoff. An old time favourite of our engineers is the de Havilland Gipsy engine- the Aerotek Engine section enjoy working nearly every day on Gipsy Major 10-1 and Gipsy Major 10-2 engines. Debt financing also gives you more flexibility, subject to an initial black-out period, to pay off the loan and sell the aircraft without waiting for a 10-year lease to expire or an unattractive early-buyout opportunity. Three good reasons to turn to AOPA Aviation Finance when you are buying or refinancing an airplane. Furthermore, lenders use the same aviation resource pricing digests that buyers do—Vref and Bluebook among them. Recognized Expertise - One of only two approved NextGen GA loan servicing agents for avionics upgrades. var addyf9b2831ca3a123c8141811bb2407cedd = 'bbourett' + '@'; Depending on scope of work we may have several options. Performing a complete overhaul takes weeks, at minimum. We have a large range of Textron Lycoming and Continental Aerospace Technologies Overhauled Exchange Engines ready for you to order in advance of swapping the engine. Van Bortel Finance Corporation is dedicated to making your aircraft purchasing experience outstanding! Multiflight’s Piston Engine Overhaul/Repair facility has the capability of not just overhauling or repairing your aircraft engine, but we have the experience and expertise to support both our work and our customers to the highest standards. Overhaul Exchange/Ready-to-Go Engines. © 2021 Van Bortel Aircraft Inc. All rights reserved. "Thank you for taking the time to help me get my dream airplane" — C.P. View the Republic Bank Aircraft Finance Program - The Basics! They offer competitive rates and terms and are front and center with responsive service. Engine Lease Finance (ELF) is the world’s largest independent spare engine financing and leasing company. Air Power Inc is the number one Direct Wholesale Distributor for Factory Aircraft engines, parts, cylinders, and components.Air Power Inc saves you hundreds even thousands of dollars on all of the direct replacement accessories and associated replacement parts for your Continental, Cessna Aircraft and Lycoming Engines. ©2021 Aircraft Owners and Pilots Association. We specialise in the provision of flexible, short to long-term spare engine support packages for the airline industry. That explains why a number of lenders won’t do loans if an aircraft engine is beyond TBO. They also give you increased purchasing power, buying more of what you want. The aircraft engine condition monitoring system market is poised to grow by $ 218.33 mn during 2020-2024, progressing at a CAGR of 5% during the forecast period. Exclusive EAA member discounts on already industry-low rates and loan fees. Our Fixed/Adjustable Rate loan offers a low rate that is fixed for the first aircraft loan period (3,5, 7, or 10 years) with l… The handbook is aimed largely for financiers and students – and, indeed, anyone interested in the underlyingconceptsof aircraft maintenance. We believe that financing your aircraft or engine purchase should be simple and easy! At the lease end a close out calculation is performed to cover the use of the propeller during the lease. Regardless of the method used to record time, when it's time to overhaul an aircraft engine, either because it has reached its TBO or because its mechanical health warrants it, the owner has three options - a new engine, a rebuilt (remanufactured) engine, or overhauling the installed engine. For those same reasons, there are a number of lenders who, in the piston world, are only going to want to transact loans where the aircraft has no less than half of its engine TBO life left. Typical overhaul shops only have one location to serve customers. If there is equity in the aircraft a traditional aircraft refinance is an option for financing upgrades and overhauls. If this is true in any industry, it is even more true in aviation. How Do Lenders View TBO and Types of Engine Overhauls? You need JavaScript enabled to view it. Conversely, if you buy the aircraft and then overhaul the engines, the cost must be capitalized because (under the proposed regulations) it constitutes a betterment compared with the condition of the aircraft when you bought it. When financing upgrades or overhauls, we would like to understand the scope of the project and the approximated cost so we can accurately determine which loan structures we can offer and the viability of the request. This further confirms that an overhaul of your aircraft engine can significantly increase the resale value of the aircraft. FAA Repair Station; Warranty; Financing Options; Break-In Instructions; Request; Contact; Engine Overhaul. Simple Interest Loans with NO Pre-Payment Penalties. Great advice. We will have the money ready when you're ready to get the work done! The engine is probably the most expensive single component of any aircraft. This email address is being protected from spambots. However, with the correct maintenance, the same engine could retain 70% of its value, whereas the airframe is likely to depreciate by 80%–90% over a 20-year utilization. Lenders are loath to make a loan on two types of aircraft: those that have had partial overhauls near TBO and those with engines close to TBO. If you need a dependable source of financing with people who are on your side, just call 800.62.PLANE (800.627.5263), or click here to request a quote. This … Great rates. A “fixed period” adjustable rate aircraft loans offer the lowest initial interest rates and minimal monthly payments. "Be sure to tell your readers to make copi… Furthermore, lenders use the same aviation resource pricing digests that buyers do—Vref and Bluebook among them. var prefix = 'ma' + 'il' + 'to'; , General Manager, This email address is being protected from spambots. Adam Meredith, President of AOPA Aviation Finance Company, is an aircraft finance professional with more than 15 years lending, small business management and customer service experience. Forcing an overhaul into the deal provides potentially more money to be made available for an overhaul. Lenders are loath to make a loan on two types of aircraft: those that have had partial overhauls near TBO and those with engines close to TBO. The cylinder assemblies are then Some even require an engine overhaul as a contingency for making the loan (or holding back money in escrow for an as yet to be performed overhaul). Rebuilding your airplane’s power-plant is an investment in your aircraft. If there is little to no available equity in the aircraft, the Upgrade Your Wings Program may be an option, with financing up to 120% LTV. And all aircraft engines have a suggested service life called a “time between overhaul” (TBO). FAA safety alert targets oil filter adapters. var prefix = 'ma' + 'il' + 'to'; RAM … In terms of improvements that we consider to add value to the bottom line of an aircraft, the amount that can be financed will vary depending on the aircraft and upgrade. Also, call us on 251-947-4848 for Lycoming overhaul price list with quality and on budget. Aircraft engine overhaul can significantly increase the resale value of an aircraft, but even more importantly, an overhaul can extend the life of an aircraft engine and make the aircraft safer to fly. No bueno. If those guides reduce value to a high-time or at-TBO engine, then the lender will as well. That would leave a lender with a repossessed airplane that needs an engine overhaul. Adam is a commercial pilot with multi-engine and instrument ratings. Are you looking for an aircraft engine rebuild shop? Final note: From a lender’s perspective, the difference between a major overhaul and re-manufactured engine is small. More jet buyers are refurbishing and upgrading their aircraft after buying them, and banks are often willing to finance a portion of the improvements as well. From basic Gipsy repair work to full Gipsy rebuild/overhaul Aerotek has the engineering skills acquired through decades of experience and an excellent parts supply to ensure market leading … Contact Brian Bourett or Kalieh Newell at   Van Bortel Finance Corporation for all of your financing needs. Van Bortel Finance Corporation specializes in the financing of new and pre-owned Cessna aircraft and genuine factory Lycoming and Continental Engines. Aircraft need constant repair, inspection, … In general, we can finance 50% to 80% of the equipment price for the upgrade or overhaul. With respect to the “finance-ability” of improvements and upgrades, there are a few rules of thumb. A typical field shop will overhaul your engine, and there-fore you will have to wait until they are done overhauling your engine before you can fly your aircraft again. addyf9b2831ca3a123c8141811bb2407cedd = addyf9b2831ca3a123c8141811bb2407cedd + 'vanbortel' + '.' + 'com'; Engines usually arrive mounted inside a shipping box and are immediately taken into the engine shop of Keystone’s massive 250,000-square-foot facility where they also assemble, complete and repair Sikorsky S-76s and S-92s. Aircraft Specialties Services - Tulsa, OK (TUL) - Aircraft Specialties Services is the industry leader for reconditioning and remachining key components of piston aircraft engines. The varieties of overhauls fall into two categories—a complete overhaul or a partial overhaul. Initially, an engine might be worth 30% of the total aircraft value. Lenders tend to view the world from a worst-case scenario. Add that one can replace all but the engine data tag with new parts and it is still considered a repair unless the work is done by the manufacturer and the term “overhaul’ takes on a certain level of silliness in search of a counterfeit data tag, so lets move away from both the term and the concept and learn to speak of ‘IRAN’, which is Inspect and Repair As Necessary. Loan Administrator. Is it overhaul time? With just 10% down, simple interest and no prepayment penalty, Van Bortel Finance will make your aircraft purchase easier than ever. We believe that financing your aircraft or engine purchase should be simple and easy! for all makes and models of aircraft. Van Bortel Finance Corporation specializes in the financing of new and pre-owned Cessna aircraft and genuine factory Lycoming and Continental Engines. They will work with you to develop finance options that meet your needs from simple fixed rate engine loans, loans that include removal and installation costs, to aircraft refinance. addy467d6cd5a1b6b5422c8ff2620a701465 = addy467d6cd5a1b6b5422c8ff2620a701465 + 'vanbortel' + '.' + 'com'; var path = 'hr' + 'ef' + '='; ). The knowledgeable professionals at NAFCO have over 30 years of experience with aircraft financing. Aircraft engines are expensive for several reasons: 1) aircraft engines are produced in low quantities compared to automobile engines, 2) many of the aircraft engine’s parts are replaced at overhaul, and 3) FAA regulations are very strict, requiring enhanced testing procedures during the rebuild process. Aircraft Lending Financing for your aircraft maintenance and repair needs! If requesting financing or refinancing for improvement loans, please provide a current aircraft … var path = 'hr' + 'ef' + '='; You need JavaScript enabled to view it. An A & P IA Aircraft Mechanic Goes Through the Aircraft Engine Overhaul Process. Our friendly and knowledge-able s taff will be with you every step of the way! Zero down time, don’t wait for your engine to be overhauled or repaired. Thus any airline or maintenance organization should reserve 40 USD for Each Flight Hour Service time in order to finance the total maintenance cost in future when the Air-frame Overhaul Time is due. Van Bortel Finance Corporation finances Lycoming and Continental factory overhauled, factory rebuilt and factory new engines (including installation!) overhaul" of aircraft piston engines and in specific confusion regarding who may actually certify the work done during a "top overhaul" event. Financing for upgrades and engine overhauls is also available through NAFCO. UK Aerospace Maintenance, Repair, Overhaul (MRO) & Logistics In Europe and the U.S. maintenance costs are falling whilst in Asia, labour rates are moving in the opposite direction, a trend that has affected the MRO market in 2014 and Aircraft Engine Specialists - Chandler, AZ - SPECIALIZING IN: Superior Millennium Engines, Continental and Lycoming Engine Overhaul and Repair, and Cylinder Overhaul and Repair. Some owners have their mechanic pull the engine and ship it to an overhaul facility. Established in 2010, Van Bortel Finance Corporation has quickly become the trusted leader for financing Cessna aircraft. var addy467d6cd5a1b6b5422c8ff2620a701465 = 'knewell' + '@'; Engine and Avionics Overhaul/Upgrade Financing: 90 Day Pre-Approval. Air Power Inc Selling the Best for Less, and Making Friends Worldwide! Loans up to 85% of the lower of average of 3 comparables or the purchase price. As soon as an engine is uncrated, a set of tracking documents and work orders are placed inside of a clear plastic pouch that will move through the overhaul process with the engine, thus ensuring accountability. The solution will be installed at Tinker Air Force Base, in Oklahoma City, which already hosts a world class comprehensive aircraft engine overhaul capability. document.getElementById('cloakf9b2831ca3a123c8141811bb2407cedd').innerHTML = ''; President of AOPA Aviation Finance Company. Many of our customers finance other upgrades to their aircraft at engine overhaul time. News and developments about aircraft engines, including turbofan, ... Finance, Taxes, Insurance ... MRO provider StandardAero noted milestones specific to its engine overhaul … That may seem self-serving, but it does benefit the borrower too. document.getElementById('cloak467d6cd5a1b6b5422c8ff2620a701465').innerHTML = ''; Get services of rebuilt aircraft engines in Texas and Austin with Pinnacle Aircraft Engines. Warranty coverage on field overhauled engines varies greatly depending upon the shops’ preferences and processes. Our friendly and knowledge-able staff will be with you every step of the way! But take another look. This email address is being protected from spambots. var addy_textf9b2831ca3a123c8141811bb2407cedd = 'Brian Bourett';document.getElementById('cloakf9b2831ca3a123c8141811bb2407cedd').innerHTML += ''+addy_textf9b2831ca3a123c8141811bb2407cedd+'<\/a>'; How Do Lenders View TBO and Types of Engine Overhauls. Topics include engine maintenance, engine leasing, and aftermarket service programs. They are a great choice if you are planning to sell your aircraft or planning to refinance it in the near term to accommodate an engine overhaul, avionics upgrade, or such. Also ask about our aircraft improvement loans: paint, interior, avionics and more. RAM has a full service Parts Department, selling aircraft part and propellers worldwide. factory new engines (including installation! That means while the airplane is in the shop, the bank is losing money on an asset it’s paying to make marketable again. You need JavaScript enabled to view it. When an engine is near or at the manufacturer’s recommended TBO, it is customary for that engine to be overhauled. Once the decision to overhaul the engine has been made, the next step for an owner is to decide on the location for the engine removal. Things wear out, things deteriorate and things break. Preferred Installation Facilities : Overhaul, Exchange & Repair Services : Non Destructive Testing Applications: The benefit of having an aircraft engine changed by a “Power-By-Victor” preferred installation facility is the extra confidence and peace of mind you receive by knowing the job is done right. RAM is an engine overhaul and General Aviation Support facility focusing on Continental 520/550 engines and the Beechcraft, Cessna & Cirrus aircraft they power. An EASA and FAA approved facility, we take great pride in offering first class aircraft engine overhaul and repair services. You are buying or refinancing an airplane to 85 % of the total aircraft value Corporation has quickly become trusted! Ia aircraft Mechanic Goes Through the aircraft NextGen GA loan servicing agents avionics! Get services of rebuilt aircraft engines established in 2010, van Bortel Finance Corporation specializes the... 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