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New Aircraft: Financed Or Leased?  
User currently offlineGnomon From , joined Dec 1969, posts, RR:
Posted (16 years 2 weeks 5 days 1 hour ago) and read 1359 times:

This is gonna be an interesting question; I hope someone knows the answer.

In perusing several online commercial aircraft censuses, and cross-checking several registrations with the FAA's N-number database, I find that many Boeing aircraft are technically "owned" by WTCI, (actually Wilmington Trust Co., Inc.), which I believe is a bank. Is WTCI the bank Boeing uses for operators to finance new aircraft, or is it a lessor like ILFC, Guiness-Peat, etc.?

What my question boils down to is: Are aircraft owned by WTCI aircraft on which the operator is making payments, or are they leased?

5 replies: All unread, jump to last
User currently offlineGnomon From , joined Dec 1969, posts, RR:
Reply 1, posted (16 years 2 weeks 4 days 20 hours ago) and read 1320 times:

No takers yet? I have an addendum. How are new aircraft financed?
Many thanks for any info anyone can provide.

User currently offlineWorldTraveller From Germany, joined Jun 1999, 624 posts, RR: 5
Reply 2, posted (16 years 2 weeks 4 days 13 hours ago) and read 1310 times:

Most aircrafts are leased, but that depends on the airline. I've heard that AA has 80% leased aircrafts.
Does anybody have other numbers?


User currently offlineAcvitale From United States of America, joined Aug 2001, 922 posts, RR: 10
Reply 3, posted (16 years 2 weeks 4 days 8 hours ago) and read 1300 times:

Wilmington Trust Bank as a registered owner could be either owned and financed thru the bank or leased and the aircraft financed thru the bank. Hence it is difficult to determine based on that factor. Another note is that Guiness Peat Leasing is no longer in existance as an independent entity to my recollection. I believe they got bought out.

Companies like GECAS or ILFC can finance an aircraft from assets or they may choose to use lines of credit and finance from a bank or investor fund (ie Polaris Aircraft Leasing now part of GECAS).

I know this does not provide the definative answer you were looking for but, It is the way this crazy business works.

User currently offlineTexairport From , joined Dec 1969, posts, RR:
Reply 4, posted (16 years 2 weeks 4 days 8 hours ago) and read 1298 times:

Acvitale is right, Wilmington Trust Co is simply a trust acting on behalf of banks, leasing companies, etc. They act as trustee for many items, not just aircraft.

User currently offlineSammyk From United States of America, joined Oct 1999, 1702 posts, RR: 0
Reply 5, posted (16 years 2 weeks 4 days 8 hours ago) and read 1295 times:
Support Airliners.net - become a First Class Member!

Wasn't Guinness-Peat Aviation (GPA) taken over by GECAS?


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