The ExecuJet Aviation Group launches Simply Fly Financing Programme

The ExecuJet Aviation Group is making private jet aircraft ownership easier with the announcement of a new turnkey package that includes aircraft financing options - called SimplyFly.

The programme ensures simple, transparent and predictable processes that transcend many of the commercial risks and complexities of aircraft ownership and operation. SimplyFly is also 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.

Launching SimplyFly at the Dubai Airshow today, ExecuJet CEO Niall Olver explains: “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 unique in meeting a long apparent market demand. 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.”

In addition to sourcing the aircraft and providing financing, the client will benefit from ExecuJet’s expertise as the company will manage and operate the aircraft as well. ExecuJet will operate the aircraft under one of its seven Air Operating Certificates (AOCs), arrange maintenance and technical support and provide all the fixed base operations (FBOs) and ground handling services.

Additionally, should the client wish to make the aircraft available for charter to third party customers, ExecuJet would provide this capability.

If so required, ExecuJet can also encapsulate ownership, operating costs and risks into a cost model whereby monthly costs, hourly rates can be fixed, and along with limited variable costs these can be on charged on a monthly basis. “We are proud to announce that ExecuJet will be a leader in combining all private aviation services in the form of a full aircraft lifecycle ownership program that truly benefits our clients with a simple, transparent effective and efficient solution” Niall Olver adds.

Clients signing up to the programme will benefit from the knowledge and expertise of ExecuJet based on its global reach, stellar safety record and the extensive capabilities of its numerous regional locations around the world.

Straightforward financing

The availability of non-recourse and off balance sheet financing makes this program unique. A quick and simple approval of the contracting process differentiates the solution from typical, classical finance offers. SimplyFly does not require additional assets or personal guarantees beyond that of the aircraft.

The aircraft offered within the SimplyFly programme are of a US$ 20 million or higher value, are a maximum of five years old at inception. Typically the aircraft will be operated within finance or operating lease structures and leverage all of the additional services ExecuJet provides.

“We will ensure that you have the right aircraft for your mission through sourcing, financing, managing operations and maintenance,” Andrew Hoy, Managing Director of ExecuJet Aircraft Trading explains. “SimplyFly navigates the world of corporate aviation effortlessly with a turn-key solution that leaves you free to enjoy the aircraft and wherever it takes you.”