London, 7 February 2012 - NetJets Europe has today launched Europe’s first direct financing product for the industry, changing the way companies and individuals are able to acquire business aircraft. The NetJets Europe Direct Finance product provides new clients with an alternative financing method with rates comparable to those offered by major financial institutions.
“ With the current economic climate, many businesses are working to avoid the large capital outlay traditionally associated with jet or even fractional jet ownership, especially given the scarcity of credit from the traditional lenders. However, corporates still need to fly to do business and remain competitive, and want the financial and tax benefits that leasing can’t deliver. ” - Luis Pinto, CFO, NetJets Europe.
The NetJets Europe finance model delivers significant savings compared to leasing on midsizde jet options, and even greater reductions on larger cabin models, making it a very attractive option for the customer. The interest rates vary depending on the amount of hours purchased by the customer. Backed by Berkshire Hathaway, NetJets Europe represents a secure line of credit for the term of the five year acquisition programmes.
“ NetJets Europe’s first innovation was one of delivering new ownership models that made more efficient use of client funds to let them purchase what they needed, when they needed it. Today, we’re letting customers pay for the assets how they want to. We’re already seeing a huge amount of interest from Eastern Europe and from large corporate clients. We know how uncertain the current market is and want to provide our customers with all the options to secure an aircraft and continue to grow their business. Our Direct Finance proposition empowers businesses and individuals to purchase the aircraft they need, but changes the way they buy, providing access to funds in a difficult credit climate. ” -Luis Pinto, CFO, NetJets Europe.
