The travel and tourism sector has been hit pretty damn hard of late and whilst that is not great for the businesses which are operational in those industries, those with an eye on opportunity will recognize that moving forward there will be a great chance for making some serious profits. One particular sector which was really growing over the last couple of years prior to the pandemic was local air tours on helicopters and planes. Much of this, especially here in the US, came about after the relaxation of so many airspace laws which had previously caused issues to any low flying vehicles.
One of the biggest challenges of putting together such an enterprise was of course the planes themselves, but with aircraft financing this dream could now become a reality.
Why Use Aircraft Financing?
With regards to taking on debt, this is something that every business looks to do when it first launches. The difference between just taking on any debt and taking on specific aircraft debt is that if you do the latter you will greatly free up funds which you can spend on the rest of the business. Most people enter into the business with a certain amount of liquidity and if you are able to keep that whilst still being able to invest in an aircraft then you will have put yourself in the perfect position to invest in pilots, staff, marketing and many other aspects of launching the business.
Give You Future Lending Power
There are no guarantees of course that you are not going to require funding again in the future but if you have taken out a business loan in the beginning then you will find that it is going to be seriously difficult for you to nail down future loans or credit lines. If however you have only taken on a loan in the beginning which was specifically for the aircraft then you are going to find yourself in a position where you will be able to take on credit in the future because of the fact that the original loan was based purely on the purchase of the aircraft.
Delivering the Very Best Experience
It is fair to say that if you are going to launch this kind of business then the last thing that you want is paying guests in fear of their lives as they look around at your second hand aircraft which is being held together with duct tape, perhaps an extreme example, but you get the point. What you should be able to deliver for your guests is the highest quality of aircraft and it may just be that your up front capital is not enough to stretch that far. Taking on financing for this kind of purchase is the perfect way for you to ensure that you can offer your guests the very best experience with you and your company.
This is a great business idea and with aircraft financing you can make it a reality.