JetLoan Capital arranged loans totaling $175 million in 2022 for multiple collateral types, including light, mid-size, large cabin jets and turboprop and piston aircraft, as well as helicopters and marine assets.
According to Sam Harris, president of JetLoan Capital, the general aviation and business jet segments have been expanding and very active for the last several years, creating inventory shortages and an increase in aircraft prices.
JetLoan noted a slight slowdown in Q4/22 vs. Q4/21 activity due to inventory shortages, rising interest rates and expectations for an economic downturn. JetLoan also forecasted a modest yet insignificant slowdown for lending activity in 2023.