Summer at Oshkosh 2014

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Oshkosh 2014 will go down in history due to the half-million attendees walking the AirVenture grounds this year. The general aviation parking areas were full to capacity, while Whittman Regional Airport controllers had to turn away aircraft to land at other airports. People of all ages crowded the hangars to see the newly featured aircraft and lined up for the first-ever appearance of the Air Force Thunderbirds. Whether you were meeting up with old time pals, stopping by your favorite booths, or this was you first ever Air Venture experience, you were sure to have an unforgettable time.

The amount of aircraft that came to Oshkosh this year was unbelievable. We were able to witness over 2,649 aircraft- including Ultralights, Seaplanes, Light-sport aircraft, Warbirds, Rotorcraft, Aerobatic aircraft, Homebuilt, Vintage airplanes, and Hot-air balloons. The One Week Wonder was also being assembled at Oshkosh by EAA members’ and any Oshkosh attendee wanting to help with the 25,000 rivets needed to complete the airplane. The aircraft was then cleared for take-off on August 5th, for its first flight.

The airshows were incredible this year. If you stayed around after the Monday, Tuesday, and Wednesday shows, you were able to see Air Ventures first Valdez STOL demonstration competition flights.  Although everyone cheered each other on, a competition is still a competition! Frank Knapp took first place with a winning distance of 134 feet. Knapp stated, “The people here really care about general aviation, and I think the normal guy can really relate to this and our lifestyle.”

There has been a lot of talk about the new aircraft coming out and we have answers. At a press briefing on July 28th, Dale Klapmeier, CEO and founder of Cirrus Aircraft, said the company is on track to deliver the first production examples of the SF50 Vision personal jet to customers before the end of 2015. The seven seat, single-engine jet has been under development for a number of years, and currently has 550 orders waiting for production. EAA’s French diesel-engine manufacturer SMA updated the attendees on its new 4 cylinder engine offerings. The company is working with Cessna and Lycoming to prepare for deliveries of Cessna’s Turbo Skylane 182 JT-A certification. Last year, SMA presented SR460, a six cylinder concept diesel, which was designed to offer 350-400 hp. The world’s fastest certified single-engine piston aircraft is the Mooney M20TN Acclaim Type S with a cruise speed of 242 knots. The first new Mooney aircraft was on display throughout the fly-in and was sold through an online auction for $646,000. The entire amount will be donated toward the Mooney History Museum at the company’s Kerrville, Texas, campus.

Air Venture at Oshkosh was definitely one to remember. We want to thank the 5,400 volunteers and all of the passionate aviators who made this all possible. All of us at AirFleet Capital enjoyed meeting with you and thank you for stopping by our Airplane Financing booth- we value our passionate aviation enthusiasts who enjoy general aviation and the community as much as we do.  See you all next year and safe travels!

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Fly-In Convention at Oshkosh 2014

 

Summer in Oshkosh? AirVenture 2013 Update

photo (2)It’s usually about this time that we are a few days deep into AirVenture and going a little crazy with the bugs and the hot,muggy, dog days of summer in Oshkosh that we’ve grown accustomed to… but not this year!  With cool weather in the 70s and beautiful skies every day, AirVenture has never seen a week as beautiful as this!

For 2013 the show is as exciting as ever – the “JetMan” made an appearance, we witnessed a re-enactment of Tora Tora Tora, the arrival of FIFI (B-29), a salute to aviation war veterans, and the launch of Disney’s new movie PLANES.  Beechcraft announced their largest prop plane order ever (105 new KingAirs), Cessna had their new JetA Cessna 182 and Columbia 400/ Cessna TTx, Cirrus has their “Generation 5” SR22 in a beautiful newly designed booth, and Piper partnered with Kirby Chambliss and had his exceptionally well appointed Meridian and Extra aircraft on display.  The buzz about ADS-B is also picking up, with products and presentations by Bendix King/ Honeywell and Garmin on-site, as the avionics companies ramp-up for the 2020 mandate.

The hangars are packed with vendors and passionate aviators, and Whitman Regional Airport, with the world’s busiest control tower – is crammed with passionate aviators and tons of pilots sharing stories.   We have met a lot of our clients along with excited buyers at our booth.  Such a wide variety of what people are buying, but all are excited to get flying – and even moreso with our low rates right now.  It is a great time to buy!

More than any other aviation group, EAA reminds us of why we love Aviation, which makes us so honored to be a part of the industry – what a lucky group full of so many awesome people and a long, proud history. This is how we all love to remember Oshkosh and our time spent here.  Thank you to everyone who stopped by our booth – it was a pleasure meeting you, and until next year, safe travels and blue skies!

2012 Year-end Aircraft Financing

25 Days left in 2012 for customers to buy an aircraft and cash in on the great tax incentives and historically low interest rates this year!  Financing is still readily available for you December buyers out there!2012

As we gear up for a big year-end rush, we know many of you are purchasing before the clock strikes midnight on 2012.  If you are interested in financing that purchase, please see the important dates and recommended deadlines below to ensure a smooth closing before December 31st:

December 14:
Last day for complete credit application submissions for loans above $1 Million to arrange financing before year-end
December 21: Last day for complete credit application submissions for loans below $1 Million to arrange financing before year-end
*Please note: applications can still be submitted/closed after these dates, but meeting year-end goals may be in jeopardy.

December 25: Christmas Day (Closed)
December 31:  New Year’s Eve
(please note many employees at the FAA and Banks leave early both Christmas Eve and New Year’s Eve, making it more difficult to handle a high volume of late closings these days)

Plan ahead as weather can impact the best-laid plans.  Oklahoma City has been known to get weather this time of year, shutting down the FAA and Title Companies.

Since December is the busiest time of year for many of us (including dealers, banks, title companies and the FAA), response and action can become more sluggish the closer it gets to 12/31.  Getting approved asap and working out the details in advance ensures a smoother transaction.  If you are still deciding between a few different options, get pre-approved for a finance amount today, then finalize your plans with the funds in your back pocket.

Don’t hesitate to contact us and get started today at 800.390.4324 as we quickly approach our suggested application deadlines above.  We look forward to hearing from you and helping you ring in 2013 with your new bird!

The 4th Quarter Countdown

We can’t believe it is already that time of year, the 4th quarter is upon us.  With optimism that this past year seems to have stabilized, we are looking forward to an uptick the last months of the year as business buyers who have turned the corner satisfy a tax appetite (see BLOG: Tax Incentives), and those of us who feel more personally comfortable decide to get back into purchasing for fun!

For those interested in financing their year-end purchase, it’s best to get the process started early.  With approval expiration at90 days, we are inside the window for all purchases in 2012.  Even if you have not picked out an exact aircraft, there is no application fee so now is a great time to get approved for a loan amount – shop with the funds in your back pocket, and feel confident to close on a hot aircraft deal you come across quickly.

It is also the busiest time of year for dealers, escrow companies, the FAA, banks and finance companies.  Due to the volume of transactions, sometimes response and action is slightly delayed the closer you get to December 31st.  That being said, we are happy to work with someone who decides to purchase a plane starting mid-December, but to avoid stress and the risk that the purchase could get pushed into the new year, it’s always best to have the details worked out before then.

For a quote, or to get started on the application process, please contact us at (800) 390-4324.  We look forward to hearing from all you early birds soon!

AOPA Wrap-Up and Stratus Winner!

Our high hopes were realized at the AOPA Summit 2012 in Palm Springs.  With attendance up a substantial amount over the 2011 event in Hartford, we spoke to almost triple the people this year.  It was a breath of fresh air as we are in full 4th quarter swing and the majority of the customers were ready to move before the year-end deadline.  Palm Springs was a great venue last time and did not disappoint this year.  With the Parade of Planes from KPSP to the Convention Center, having the static display and exhibit hall in one location is perfect for attendees… and of course, the weather doesn’t hurt!

We would also like to announce the winner of our show giveaway – Congratulations to James McLaughlin of Brookfield, CT on winning the Stratus: Portable In-Flight Weather for ForeFlight!  Thank you for coming by our booth and we hope you can put this to good use in your new airplane!

Thank you to everyone who stopped by our booth, it was great to meet you all (and see old friends too!).  We are looking forward to seeing everyone at the new location in Ft. Worth, TX for the 2013 Summit.  Since the show historically alternates coast to coast, this will provide easier access for pilots in the middle of the country.

Gearing up for AOPA Summit 2012

AOPA Summit 2012 starts tomorrow in Palm Springs, CA and we are excited!  With an uptick in activity the past month and the show returning to one of its prime locations, we are optimistic that it will be one of the best shows of the year.  As with each year, the show will host hundreds of exhibitors, educational seminars, display aircraft of all types and the latest and greatest in aviation.  Something unique about Palm Springs is that the exhibit hall and aircraft are all together in one location – the “Parade of Planes” today taxis dozens of aircraft the mile from KPSP down the city streets to the Convention Center! 

Take a break from the desert sun and see AirFleet Capital in Booth 416 to discuss any financing questions you may have.  With the ability to fix historically low rates for up to 20 years, it is a great time to think about upgrading to a new aircraft.  If you don’t have any financing needs at this time, you can still swing over and enter for a chance to win the Stratus: 
Portable In-Flight Weather for
ForeFlight!

The show starts 10AM Thursday (10/11) through 4PM Saturday (10/13).  We look forward to seeing you at the show!

Oshkosh 2012 Wrap-up!

We are all back in action at the office from our 10 day “AirVenture” to Oshkosh, Wisconsin!  As our favorite show of the year because of the excitement, grandeur and passion of the show, it’s always something we are very much looking forward to; and as our typically hottest and longest show of the year, we also very much look forward to getting back to our normal routines once the work (ok, and fun too!) there is finished.

This year was no exception to either!  Though some extreme heat and a couple storms in the area kept a few away, it was another great year.  From the sea of Piper Cubs gathered at the show for their 75th Anniversary to the announcements by new manufacturers including a new diesel powered Cessna 182;  from the gaggle of warbirds in Fightertown during this year’s celebration of “The greatest Generation in the Air”, to the palpable commitment by EAA and many other partners to the increased focus on getting kids and young adults into flying, it was a great reminder of where we’ve come from and all of the exciting things on the horizon.  This year more than others, it was a real focus on the ties that bind all of us, young and old, who are passionate about aviation… after all, isn’t that what it’s all about?

At our booth, we spoke with many customers interested in purchasing new, or refinancing an aircraft.  We were encouraged by the number or serious prospects at this year’s event.  A special thanks to all of our current clients who stopped by the booth to see us – it’s always fun to be able to connect face to face after the phone calls, emails and faxes we got to know each other over during your financing!

We are already looking forward to heading back to Oshkosh next year (Ok, maybe once we are caught up on our rest, I think somewhere around September?) for the Greatest Aviation Celebration on earth.  Hope to see you next year!!

Two weeks to Oshkosh!

Two weeks from now, we’ll be done setting up and AirVenture 2012 will be under way!  In honor of our countdown, we wanted to share some more fun facts about AirVenture as we all prepare to head north with the masses.  Did you know:

  • In 1953, the first EAA fly-in was held in Hales Corners (Curtiss Wright Airport), WI
  • In 1959, the Fly-in outgrew Curtiss-Wright Airport and moved to Rockford, IL
  • In 1970, the Fly-in outgrew Rockford Airport and moved to Oshkosh, WI
  • In 2002, Iceland flew a Boeing 747 full of Icelanders to the show.  After they unloaded from the 747, they noted that the contingent at AirVenture represented .2% of the population of Iceland.
  • Approximately 1,100 protable toilets are supplied for the event (onsite)
  • FAA controllers from throughout a 17-state central region (FAA Central Terminal Service Aera) compete for the right to work during the event.  In 2007, AirVenture utilized 64 controllers and 11 supervisors.
  • Oshkosh is not new to hosting big parties.  In addition to AirVenture, Oshkosh is the proud host of Country USA (one of the largest annual country music festivals in the US with over 150,000 attendees), and LifeFest (a Christian Music Festival with over 30,000 attendees).  Oshkosh has also hosted the Ducks Unlimited Great Outdoors Festival, attended by over 70,000 outdoor recreation enthusiasts.

Look forward to seeing you all in 14 days!  Stop by and visit us in Hangar A #1143.

Countdown to Oshkosh 2012

With less than a month until the start of the world’s largest General Aviation Celebration, we’re pleased to be making our own final preparations for attending AirVenture 2012.  Oshkosh is the largest aviation event in the United States, so it seems fitting to consider some of the fun facts about the show.  Keep in mind that this is an event catering to US-based pilots (representing less than 0.2% of the US population), a plethora of international pilots, and of course, plenty of aviation enthusiasts.

–  AirVenture is a week-long event in Oshkosh, Wisconsin – a city with a population of roughly 66,000 people (and 160,000 in the greater Oshkosh metro area according to the city website).  AirVenture attracts 500,000 people from around the globe, increasing the size of the city by over 300% during the week.  This represents nearly 9% of the total population of Wisconsin.

– Over 10,000 aircraft fly-in (or in some cases are driven or carted in) to Oshkosh- Wittman Regional Airport (OSH) during the week.  According to the FAA’s 2010 Statistical Databook, there are roughly 223,000 FAA-registered aircraft flying today.  That means, roughly 5% of this active fleet is represented at AirVenture each year.

– Oshkosh-Wittman Regional Airport records over 25,000 traffic movements (operations) the week of AirVenture.  By comparison, Chicago O’Hare Airport has approximately 16,900 operations a week [http://www.ohare.com].  During the week of the show, OSH takes claim as the most active airport in the world (note: and it’s not even open at night!).

– Wittman Regional Airport is named after Steve Wittman, an air-racer, test pilot, aircraft designer and builder who grew up in the Oshkosh area.  Wittman owned his own aviation businesses from 1925 through WWII, and was a decorated aircraft designer.  He was the manager of the airport in Oshkosh for over 37 years from 1931 to 1969, and was instrumental in relocating the AirVenture EAA fly-in there in 1970.  He died pursuing his life’s passion, still flying at an age of 91.

– The town of Oshkosh is named after Chief Oshkosh, a Menominee Chief who’s name means “claw”.  According to Wikipedia, he died in a drunken brawl in 1858.  Somewhat unfittingly, in 1900, Oshkosh Brewing Company started distributing a beer nationally in his name, “Chief Oshkosh”.  While Chief Oshkosh beer is no longer available (the brewer went out of business in the 1970s), we’re pleased to see that many pilots support the tradition of the city’s namesake after-hours during AirVenture.  😉

We look forward to seeing you at AirVenture in less than a month – July 23rd-29th!  We’ll be onsite with some new aircraft loan programs and expanding capabilities.  Stop by and see us in Hangar A, Booth 1143.

AirFleet Capital is Moving!

Over the past four years, AirFleet Capital has expanded it’s presence from its singular location in Leesburg, Virginia to other offices in the Atlanta and Phoenix areas.  These represented strategic moves in order to better serve the markets we support from coast to coast. 

Now that the expansion offices are setup and underway, the Virginia office is upgrading.  We are excited to announce that we will be relocating this office 35 miles west to downtown Winchester, VA.  As the base for our operations team, please note the new address below for any items being sent via mail, FedEx, UPS, etc. in relation to loan application packages and closings:

AirFleet Capital
158 Front Royal Pike
Suite #107
Winchester, VA 22602

This office will be open starting Monday, April 30th, 2012.  Please feel free to stop by our new location (or any of our offices) anytime!