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Firstly it should be mentioned that the "top overhaul" of an aircraft piston engine constitutes the removal of valve gear, cylinder assemblies and piston ring assemblies. Our friendly and knowledge-able staff will be with you every step of the way! If this is true in any industry, it is even more true in aviation. Established in 2010, Van Bortel Finance Corporation has quickly become the trusted leader for financing Cessna aircraft. © 2021 Van Bortel Aircraft Inc. All rights reserved. Typical overhaul shops only have one location to serve customers. That would leave a lender with a repossessed airplane that needs an engine overhaul. "Be sure to tell your readers to make copi… RAM is an engine overhaul and General Aviation Support facility focusing on Continental 520/550 engines and the Beechcraft, Cessna & Cirrus aircraft they power. Adam Meredith, President of AOPA Aviation Finance Company, is an aircraft finance professional with more than 15 years lending, small business management and customer service experience. document.getElementById('cloakf9b2831ca3a123c8141811bb2407cedd').innerHTML = ''; Aircraft Lending Financing for your aircraft maintenance and repair needs! As soon as an engine is uncrated, a set of tracking documents and work orders are placed inside of a clear plastic pouch that will move through the overhaul process with the engine, thus ensuring accountability. Lenders tend to view the world from a worst-case scenario. They will work with you to develop finance options that meet your needs from simple fixed rate engine loans, loans that include removal and installation costs, to aircraft refinance. var path = 'hr' + 'ef' + '='; When financing upgrades or overhauls, we would like to understand the scope of the project and the approximated cost so we can accurately determine which loan structures we can offer and the viability of the request. That means while the airplane is in the shop, the bank is losing money on an asset it’s paying to make marketable again. Aircraft engines are expensive for several reasons: 1) aircraft engines are produced in low quantities compared to automobile engines, 2) many of the aircraft engine’s parts are replaced at overhaul, and 3) FAA regulations are very strict, requiring enhanced testing procedures during the rebuild process. Aircraft need constant repair, inspection, … Things wear out, things deteriorate and things break. You need JavaScript enabled to view it. An old time favourite of our engineers is the de Havilland Gipsy engine- the Aerotek Engine section enjoy working nearly every day on Gipsy Major 10-1 and Gipsy Major 10-2 engines. Our Fixed/Adjustable Rate loan offers a low rate that is fixed for the first aircraft loan period (3,5, 7, or 10 years) with l… This email address is being protected from spambots. Once the decision to overhaul the engine has been made, the next step for an owner is to decide on the location for the engine removal. Van Bortel Finance Corporation finances Lycoming and Continental factory overhauled, factory rebuilt and factory new engines (including installation!) Warranty coverage on field overhauled engines varies greatly depending upon the shops’ preferences and processes. Engines usually arrive mounted inside a shipping box and are immediately taken into the engine shop of Keystone’s massive 250,000-square-foot facility where they also assemble, complete and repair Sikorsky S-76s and S-92s. Lenders are loath to make a loan on two types of aircraft: those that have had partial overhauls near TBO and those with engines close to TBO. The worst-case scenario in both of these cases would be for a borrower to suffer a hardship and default on loan payments on an aircraft with an engine(s) nearing or at the TBO cutoff. Loans up to 85% of the lower of average of 3 comparables or the purchase price. Furthermore, lenders use the same aviation resource pricing digests that buyers do—Vref and Bluebook among them. factory new engines (including installation! If those guides reduce value to a high-time or at-TBO engine, then the lender will as well. var addy467d6cd5a1b6b5422c8ff2620a701465 = 'knewell' + '@'; Are you looking for an aircraft engine rebuild shop? Great rates. Consequently, the lender would have to sink money into the airplane before it can be resold, PLUS there’s the added cost of lost time. Topics include engine maintenance, engine leasing, and aftermarket service programs. This … Van Bortel Finance Corporation specializes in the financing of new and pre-owned Cessna aircraft and genuine factory Lycoming and Continental Engines. No bueno. The knowledgeable professionals at NAFCO have over 30 years of experience with aircraft financing. Overhaul Exchange/Ready-to-Go Engines. var addy_text467d6cd5a1b6b5422c8ff2620a701465 = 'Kalieh Newell,';document.getElementById('cloak467d6cd5a1b6b5422c8ff2620a701465').innerHTML += ''+addy_text467d6cd5a1b6b5422c8ff2620a701465+'<\/a>'; If there is little to no available equity in the aircraft, the Upgrade Your Wings Program may be an option, with financing up to 120% LTV. RAM … From basic Gipsy repair work to full Gipsy rebuild/overhaul Aerotek has the engineering skills acquired through decades of experience and an excellent parts supply to ensure market leading … News and developments about aircraft engines, including turbofan, ... Finance, Taxes, Insurance ... MRO provider StandardAero noted milestones specific to its engine overhaul … Our friendly and knowledge-able s taff will be with you every step of the way! Van Bortel Finance Corporation specializes in the financing of new and pre-owned Cessna aircraft and genuine factory Lycoming and Continental Engines. For those same reasons, there are a number of lenders who, in the piston world, are only going to want to transact loans where the aircraft has no less than half of its engine TBO life left. You need JavaScript enabled to view it. Also ask about our aircraft improvement loans: paint, interior, avionics and more. Initially, an engine might be worth 30% of the total aircraft value. Recognized Expertise - One of only two approved NextGen GA loan servicing agents for avionics upgrades. View the Republic Bank Aircraft Finance Program - The Basics! If those guides reduce value to a high-time or at-TBO engine, then the lender will as well. A typical field shop will overhaul your engine, and there-fore you will have to wait until they are done overhauling your engine before you can fly your aircraft again. We believe that financing your aircraft or engine purchase should be simple and easy! $50,000,000 … From helpful and responsive reps you can trust. You need JavaScript enabled to view it. Air Power Inc is the number one Direct Wholesale Distributor for Factory Aircraft engines, parts, cylinders, and components.Air Power Inc saves you hundreds even thousands of dollars on all of the direct replacement accessories and associated replacement parts for your Continental, Cessna Aircraft and Lycoming Engines. We specialise in the provision of flexible, short to long-term spare engine support packages for the airline industry. How Do Lenders View TBO and Types of Engine Overhauls. Engine Lease Finance (ELF) is the world’s largest independent spare engine financing and leasing company. Get services of rebuilt aircraft engines in Texas and Austin with Pinnacle Aircraft Engines. Preferred Installation Facilities : Overhaul, Exchange & Repair Services : Non Destructive Testing Applications: The benefit of having an aircraft engine changed by a “Power-By-Victor” preferred installation facility is the extra confidence and peace of mind you receive by knowing the job is done right. A “fixed period” adjustable rate aircraft loans offer the lowest initial interest rates and minimal monthly payments. Great advice. Thus any airline or maintenance organization should reserve 40 USD for Each Flight Hour Service time in order to finance the total maintenance cost in future when the Air-frame Overhaul Time is due. var prefix = 'ma' + 'il' + 'to'; var addyf9b2831ca3a123c8141811bb2407cedd = 'bbourett' + '@'; An A & P IA Aircraft Mechanic Goes Through the Aircraft Engine Overhaul Process. Final note: From a lender’s perspective, the difference between a major overhaul and re-manufactured engine is small. Is it overhaul time? Some even require an engine overhaul as a contingency for making the loan (or holding back money in escrow for an as yet to be performed overhaul). Briefly, "overhaul" isn't a strictly defined term but it's generally used to refer to the intensive inspection, maintenance and repair of an aircraft component, frequently - but not exclusively - the engines. var addy_textf9b2831ca3a123c8141811bb2407cedd = 'Brian Bourett';document.getElementById('cloakf9b2831ca3a123c8141811bb2407cedd').innerHTML += ''+addy_textf9b2831ca3a123c8141811bb2407cedd+'<\/a>'; Aircraft Maintenance Handbook for Financiers provides an introductory level description of the principles, general practices and economic characteristics associated with aircraft maintenance. Adam is a commercial pilot with multi-engine and instrument ratings. Conversely, if you buy the aircraft and then overhaul the engines, the cost must be capitalized because (under the proposed regulations) it constitutes a betterment compared with the condition of the aircraft when you bought it. However, with the correct maintenance, the same engine could retain 70% of its value, whereas the airframe is likely to depreciate by 80%–90% over a 20-year utilization. If there is equity in the aircraft a traditional aircraft refinance is an option for financing upgrades and overhauls. Simple Interest Loans with NO Pre-Payment Penalties. Performing a complete overhaul takes weeks, at minimum. In general, we can finance 50% to 80% of the equipment price for the upgrade or overhaul. overhaul" of aircraft piston engines and in specific confusion regarding who may actually certify the work done during a "top overhaul" event. The reports on the aircraft engine condition monitoring system market provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering … The solution will be installed at Tinker Air Force Base, in Oklahoma City, which already hosts a world class comprehensive aircraft engine overhaul capability. They are a great choice if you are planning to sell your aircraft or planning to refinance it in the near term to accommodate an engine overhaul, avionics upgrade, or such. UK Aerospace Maintenance, Repair, Overhaul (MRO) & Logistics In Europe and the U.S. maintenance costs are falling whilst in Asia, labour rates are moving in the opposite direction, a trend that has affected the MRO market in 2014 and The engine is probably the most expensive single component of any aircraft. Add that one can replace all but the engine data tag with new parts and it is still considered a repair unless the work is done by the manufacturer and the term “overhaul’ takes on a certain level of silliness in search of a counterfeit data tag, so lets move away from both the term and the concept and learn to speak of ‘IRAN’, which is Inspect and Repair As Necessary. This further confirms that an overhaul of your aircraft engine can significantly increase the resale value of the aircraft. President of AOPA Aviation Finance Company. Engine and Avionics Overhaul/Upgrade Financing: 90 Day Pre-Approval. The word overhaul by itself is a general term that's used in all sorts of places but it's not defined in 14 CFR 1.1, for example That may seem self-serving, but it does benefit the borrower too. We have a large range of Textron Lycoming and Continental Aerospace Technologies Overhauled Exchange Engines ready for you to order in advance of swapping the engine. Air Power Inc Selling the Best for Less, and Making Friends Worldwide! Many of our customers finance other upgrades to their aircraft at engine overhaul time. ). for all makes and models of aircraft. Also, call us on 251-947-4848 for Lycoming overhaul price list with quality and on budget. Financing for upgrades and engine overhauls is also available through NAFCO. var prefix = 'ma' + 'il' + 'to'; Aircraft engine overhaul can significantly increase the resale value of an aircraft, but even more importantly, an overhaul can extend the life of an aircraft engine and make the aircraft safer to fly. When an engine is near or at the manufacturer’s recommended TBO, it is customary for that engine to be overhauled. Lenders are loath to make a loan on two types of aircraft: those that have had partial overhauls near TBO and those with engines close to TBO. The aircraft engine condition monitoring system market is poised to grow by $ 218.33 mn during 2020-2024, progressing at a CAGR of 5% during the forecast period. And all aircraft engines have a suggested service life called a “time between overhaul” (TBO). This email address is being protected from spambots. Contact Brian Bourett or Kalieh Newell at   Van Bortel Finance Corporation for all of your financing needs. How Do Lenders View TBO and Types of Engine Overhauls? At the lease end a close out calculation is performed to cover the use of the propeller during the lease. But take another look. The handbook is aimed largely for financiers and students – and, indeed, anyone interested in the underlyingconceptsof aircraft maintenance. Furthermore, lenders use the same aviation resource pricing digests that buyers do—Vref and Bluebook among them. ©2021 Aircraft Owners and Pilots Association. Some owners have their mechanic pull the engine and ship it to an overhaul facility. We believe that financing your aircraft or engine purchase should be simple and easy! Multiflight’s Piston Engine Overhaul/Repair facility has the capability of not just overhauling or repairing your aircraft engine, but we have the experience and expertise to support both our work and our customers to the highest standards. Zero down time, don’t wait for your engine to be overhauled or repaired. Rebuilding your airplane’s power-plant is an investment in your aircraft. Van Bortel Finance Corporation is dedicated to making your aircraft purchasing experience outstanding! Loan Administrator. The varieties of overhauls fall into two categories—a complete overhaul or a partial overhaul. With respect to the “finance-ability” of improvements and upgrades, there are a few rules of thumb. Three good reasons to turn to AOPA Aviation Finance when you are buying or refinancing an airplane. var path = 'hr' + 'ef' + '='; "Thank you for taking the time to help me get my dream airplane" — C.P. The cylinder assemblies are then Exclusive EAA member discounts on already industry-low rates and loan fees. document.getElementById('cloak467d6cd5a1b6b5422c8ff2620a701465').innerHTML = ''; In terms of improvements that we consider to add value to the bottom line of an aircraft, the amount that can be financed will vary depending on the aircraft and upgrade. We will have the money ready when you're ready to get the work done! If you need a dependable source of financing with people who are on your side, just call 800.62.PLANE (800.627.5263), or click here to request a quote. Forcing an overhaul into the deal provides potentially more money to be made available for an overhaul. They offer competitive rates and terms and are front and center with responsive service. Regardless of the method used to record time, when it's time to overhaul an aircraft engine, either because it has reached its TBO or because its mechanical health warrants it, the owner has three options - a new engine, a rebuilt (remanufactured) engine, or overhauling the installed engine. , General Manager, This email address is being protected from spambots. Depending on scope of work we may have several options. An EASA and FAA approved facility, we take great pride in offering first class aircraft engine overhaul and repair services. If requesting financing or refinancing for improvement loans, please provide a current aircraft … More jet buyers are refurbishing and upgrading their aircraft after buying them, and banks are often willing to finance a portion of the improvements as well. Aircraft Engine Specialists - Chandler, AZ - SPECIALIZING IN: Superior Millennium Engines, Continental and Lycoming Engine Overhaul and Repair, and Cylinder Overhaul and Repair. FAA safety alert targets oil filter adapters. RAM has a full service Parts Department, selling aircraft part and propellers worldwide. Debt financing also gives you more flexibility, subject to an initial black-out period, to pay off the loan and sell the aircraft without waiting for a 10-year lease to expire or an unattractive early-buyout opportunity. FAA Repair Station; Warranty; Financing Options; Break-In Instructions; Request; Contact; Engine Overhaul. That explains why a number of lenders won’t do loans if an aircraft engine is beyond TBO. While we can appreciate why an owner would want a factory re-manufactured engine, the lenders are still going to treat the two of those roughly the same. addyf9b2831ca3a123c8141811bb2407cedd = addyf9b2831ca3a123c8141811bb2407cedd + 'vanbortel' + '.' + 'com'; With just 10% down, simple interest and no prepayment penalty, Van Bortel Finance will make your aircraft purchase easier than ever. They also give you increased purchasing power, buying more of what you want. addy467d6cd5a1b6b5422c8ff2620a701465 = addy467d6cd5a1b6b5422c8ff2620a701465 + 'vanbortel' + '.' + 'com'; Aircraft Specialties Services - Tulsa, OK (TUL) - Aircraft Specialties Services is the industry leader for reconditioning and remachining key components of piston aircraft engines. Is an aircraft engine overhaul financing for financing upgrades and engine overhauls or overhaul largely for Financiers and –. Factory overhauled, factory rebuilt and factory new engines ( including installation! you 're ready to the! Seem self-serving, but it does benefit the borrower too lenders tend to view the Republic aircraft. For avionics upgrades rebuilt aircraft engines in Texas and Austin with Pinnacle aircraft engines is a commercial pilot with and... Forcing an overhaul pull the engine is near or at the manufacturer ’ recommended. 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