ADS-B Out Inexpensive Solution Now Available

Banterra Aircraft
Posted in Aircraft Financing News

Every aircraft owner is aware of the looming 2020 ADS-B requirement for operations in controlled
airspace. Avionic shops are backlogged with appointments for upgrades to panels and many owners of
older generation aircraft have been hoping for a low-cost solution to allow them to keep flying beyond
2020.

The uAvionix Corporation located in Bigfork, Montana has the perfect solution. You can learn more
about them by visiting their website, www.uavionix.com, or give them a call at 844-827-2372.
We’ve been informed that they are currently taking orders for end of August deliveries of the all new
SkyBeacon at a cost under $2,000. The SkyBeacon mounts in ten minutes to where your existing left
(red) navigation/strobe light is located and can be installed by any A & P mechanic. The unit has a built
in LED red navigation light, strobe light, WAAS GPS and ADS-B “Out” transmitter and you don’t even
have to change your panel mounted transponder.

The unit is in the process of being TSO’d and STC’s will be expedited for manufacture’s fleets versus
single aircraft to help speed up the STC process.

Banterra Aircraft Finance offers financing solutions for both general aviation and business aircraft for
purchases, refinancing, engine overhauls, and avionics upgrades. Visit www.BanterraAircraft.com or call
us at 888-254-5731.

Aircraft Financing – Insurance Requirements

Banterra Aircraft
Posted in Aircraft Financing News

When financing an aircraft, lenders will require full “in-motion” and “not in-motion” insurance coverage
for both the hull value and liability for the duration of the loan until paid off. Aircraft owners have the
option of purchasing insurance through specialty aircraft insurance brokers or through a very limited
number of direct underwriters. Aircraft insurance brokers give owners more options on coverages,
deductibles, and premiums versus direct underwriters as the “shop the market” to actual indirect
aviation underwriters.

In general, most aircraft lenders will require low deductibles and policy requirements notifying the
lender with a 30-day cancellation notice along with a 90% Breach of Warranty (BOW) clause. The BOW
basically guarantees the lender payment from any insurance proceeds in the event of claims where the
aircraft owners violated covenant(s) and terms as outlined within their policies. If a claim is filed where
a BOW is required, the underwriting insurance company can subrogate the amount as a claim against
the actual insured.

Most airplane insurance liability coverage starts at a total of one million dollars and higher amounts are
available upon request. Students, low-time pilots, and those inexperienced in higher performance
aircraft can limit liability coverage to $100,000 per passenger. The additional premium cost to upgrade
to a combined single limit “smooth” liability provision will be determined by the insurance underwriter
based on experience levels of the insured. Lenders generally do not specify what level of liability
coverage would be required but pilots may want to see if they qualify for the higher combined single
limit for liability purposes.

Typically with any collateral based loan transaction, aircraft lenders would place more costly force
placed aircraft hull and liability coverage in the event borrowers do not have the proper and required
insurance policy in place at all times.

Banterra Aircraft Finance offers financing solutions for both general aviation and business aircraft for
purchases, refinancing, engine overhauls, and avionics upgrades. Visit www.BanterraAircraft.com or call
us at888-254-5731.

Aircraft Windshield Care

Banterra Aircraft
Posted in Aircraft Financing News

Properly cleaning and caring for your aircraft windshield is not only important for safety and visibility
reasons, but essential to prolong the clarity and life of the windshield too. There are many industry
products designed specifically for plastic and laminate aircraft windshields which include: M-Ron Glass
Cleaner, Prist Glass Cleaner, Plexus, Clear View, and Av Labs AVL-AGC to name a few. Some products
should not be applied in direct sunlight per label instructions. Lemon pledge has been used by many
over the years as a low cost alternative and most windshield manufacturers recommend plane old water
and lots of it to clean windshield surfaces. Never use a product designed specifically for glass surfaces,
degreasers, bleach, or any other abrasive products as they will deteriorate the plastic causing hazing,
distortion, and possibly structurally weaken the windshield. Also, paper towels are not recommended
as they leave tiny undetected scratches on the windshield that eventually reduce visibility, especially
noticeable when the sun blazes through during late afternoon and early morning flights. Soft cotton and
clean micro-fiber cloth is generally the best scratch-free solution. New windshields for example, on
most Cessna single engine aircraft, can cost in the $2,500-$3,000 range. This includes installed parts and
labor and depend on the selected windshield quality and level of installation time required.

Banterra Aircraft Finance offers financing solutions for both general aviation and business aircraft for
purchases, refinancing, engine overhauls, and avionics upgrades. Visit www.BanterraAircraft.com or call
us at 888-254-5731.

Oshkosh AirVenture

Banterra Aircraft
Posted in Aircraft Financing News

Just in time for Oshkosh, Banterra Bank Aircraft Finance is pleased to announce the addition of our new Experimental and Light Sport Aircraft Financing Programs!

As a direct lender/bank, we now offer highly sought after aircraft financing options on Vans RV series, Lancair, and GlassAir completed and flying Experimental Aircraft along with Light Sport Aircraft Loans on the most popular manufacturers.

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How To Find The Best Aircraft Financing Solution

Banterra Aircraft
Posted in Aircraft Financing News

When shopping for aircraft financing, there are many questions one should ask each prospective lender to ensure you’ll be receiving not only industry competitive interest rates, but also knowledgeable, professional advice and service from experienced aviation lenders.

Direct lenders in most instances are banks that applicants work directly with versus loan brokers (non-banks) that have affiliate relationships with a bank or several banks.

Continue reading “How To Find The Best Aircraft Financing Solution”