Pilatus
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Mehmi Financial Group helps businesses finance and lease Pilatus equipment, including aircraft, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Pilatus units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Pilatus
Pilatus is a Swiss aircraft maker best known for the PC-12 single-engine turboprop, which had reached 2,000 aircraft built by May 2023, according to its aircraft profile. Pilatus has more than 80 years of history, according to its company chronicle.
Pilatus equipment
PC-12s are flown for medevac, charter, corporate travel and northern cargo work, and they are common in Canada.
What lenders look at
Turboprop lenders look closely at engine time since overhaul, logbooks, mission equipment and the flying contracts that will cover payments.
Financing Pilatus equipment
Specialist aviation lenders handle these deals, and a pre-purchase inspection is expected on used aircraft.
How Pilatus equipment financing works
Most Pilatus purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
What lenders check on a Pilatus aircraft
Lenders look at airframe and engine hours, logbooks, inspection status and how the aircraft or simulator earns revenue. Aviation financing is specialized and handled by a smaller group of lenders.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and hours and logbooks, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All Pilatus models with financing pages
| Model | Type | Category |
|---|---|---|
| Pilatus Aircraft | Aircraft | Aviation |
| Pilatus PC-12 NGX | Equipment | Aviation |
| Pilatus PC-24 | Equipment | Aviation |
| Pilatus Turboprop Aircraft | Aircraft | Aviation |
Tax treatment of Pilatus equipment
In Canada, aircraft generally fall in CCA Class 9. Aircraft components and simulators can be treated differently, so confirm with your accountant. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
End-of-term options on a Pilatus lease
A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.
Who finances Pilatus equipment
Aviation: charter and air-taxi operators, flight schools, medevac and utility operators, and aircraft maintenance organizations finance Pilatus equipment to take on new work, replace aging units or add capacity.
The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.
Questions to ask the dealer or seller before you finance
- What is the exact model year, serial number and hours and logbooks?
- Is there a service history or recent inspection report?
- Is any warranty or extended coverage included, and does it transfer?
- Are attachments, delivery, installation and taxes itemized on the quote?
- For a private sale, is the equipment free of liens, and who will provide the bill of sale?
Insurance on financed Pilatus equipment
Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.
Frequently asked questions
Can I finance a used Pilatus PC-12?
Yes, through aviation lenders.
How many PC-12s have been built?
About 2,000 by May 2023.
Can a medevac operator finance a PC-12?
Yes. Lenders review service contracts.
Does engine time matter?
Yes. Time since overhaul is central to value.
Is a pre-purchase inspection needed?
Yes, on used aircraft.
Where is Pilatus from?
Switzerland.
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