Home mortgage industry got you down? Well, now you can buy into a $550,000 airplane with only $12,500 down and about $1570 per month. The arrangement comes thanks to an agreement formed between T Bank and PlaneSmart Aviation. The two now offer various financial products designed for purchasers of PlaneSmart’s fractional aircraft shares. PlaneSmart hopes the arrangement will help sculpt a lien-free environment for fractional shareholders at a cost that makes the product more attainable. Said T Bank president Patrick Adams, “Accommodating the aviation community not only is an extension of our current business plans, but makes good financial sense.” T Bank is a full service commercial bank headquartered in Dallas.
PlaneSmart Offers Financial Aid
Key Takeaways:
- PlaneSmart Aviation has partnered with T Bank to offer new financing products for purchasers of its fractional aircraft shares.
- This partnership aims to make high-value aircraft ownership more accessible by requiring a significantly lower down payment and manageable monthly payments (e.g., $12,500 down for a $550,000 aircraft).
- The initiative seeks to create a lien-free environment for fractional shareholders and is considered a strategic business expansion for T Bank into the aviation community.
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