Safran
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Mehmi Financial Group helps businesses finance and lease Safran equipment, including aviation equipment, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Safran units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Safran
Safran is the world's second-largest aircraft equipment maker, supplying landing gear, wheels and brakes, nacelles, avionics and engines for aircraft and helicopters. Through CFM International, its 50/50 joint company with GE, Safran Aircraft Engines produces the LEAP engine.
Safran equipment
Safran helicopter engines and aircraft components are serviced and overhauled by operators in Canada and the USA.
What lenders look at
For component and engine financing, lenders review overhaul quotes and the operator's fleet revenue.
Financing Safran equipment
Major component events are often financed separately from the aircraft.
How Safran equipment financing works
Most Safran 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 Safran aviation equipment
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 Safran models with financing pages
| Model | Type | Category |
|---|---|---|
| Safran | Equipment | Aviation |
| Safran Aerospace Systems | Equipment | Aviation |
Tax treatment of Safran 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 Safran 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 Safran equipment
Aviation: charter and air-taxi operators, flight schools, medevac and utility operators, and aircraft maintenance organizations finance Safran 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 Safran 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 Safran helicopter engine overhaul?
Yes.
What is CFM International?
A 50/50 joint company between Safran and GE.
Can landing gear overhauls be financed?
Yes.
Do lenders review operator revenue?
Yes.
Can a spare engine be financed?
Yes.
Is Safran a large aircraft equipment maker?
It says it is the world's second largest.
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