Gnomon From , joined Dec 1969, posts, RR: Posted (14 years 3 months 2 weeks 5 days 16 hours ago) and read 964 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?
Acvitale From United States of America, joined Aug 2001, 922 posts, RR: 10
Reply 3, posted (14 years 3 months 2 weeks 5 days ago) and read 905 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.