Financing Your Upgrade from a Piston to a Turbine Aircraft

Making the leap from a piston aircraft to a turboprop or light jet is one of the most exciting steps in an aviator's journey. It brings significant increases in speed, capability, and comfort. It also brings a more rigorous and detailed financing process.

A More Rigorous Underwriting Process

When you upgrade to a turbine aircraft, lenders will conduct a much deeper dive into your finances. The loan amounts are larger, and the operational costs are higher. They need to be certain you can comfortably handle the increased financial commitment. Expect underwriters to scrutinize your liquidity, net worth, and cash flow with greater detail.

Demonstrating Financial Capacity for Higher Costs

It's not just about affording the monthly payment. Lenders need to see that you can support the total cost of ownership, which is substantially higher for turbine aircraft. This includes budgeting for higher fuel burns, more expensive insurance, professional maintenance, and potential engine programs.

The Importance of Your Pilot Experience and Training Plan

Your experience is a critical factor. Lenders and insurance companies will require a clear training plan. This usually involves attending a formal, simulator-based training program (like those offered by FlightSafety International or CAE) to get type-rated or proficient in the new aircraft. Having a solid training plan is a non-negotiable part of the approval process.