Some Factors That Affect Your Aircraft Financing Loan Terms

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Continuously evolving passenger demand for air travel to drive the Global Commercial Aircraft market through 2026.According to TechSci Research report “Global Commercial Aircraft Market, By Aircraft Type (Narrow-Body Aircraft, Wide-body Aircraft, Regional Aircraft) By Engine Type (Turbofan, Turboprop), By Application (Passenger Aircraft, Freighter Aircraft), By End Use (Government, Private Sector) and By Region, Competition, Forecast & Opportunities, 2026”, Global Commercial Aircraft Market is estimated to reach around USD190 Billion by 2026 in terms of value.

The Global Aircraft market is majorly dominated by Asia Pacific and North American regions.

Due to increasing business and cargo activities, it is expected that number of freighter aircrafts will increase during forecasted period and Asia Pacific will dominate in this segment over other four regions.

The Boeing Company and Airbus Group together holds for over 90% of sales for commercial aircrafts globally.

In terms of aircraft type, the narrow-body segment accounts for the largest share and the trend is expected to continue in the forthcoming years as well.

Private airlines market share is more than that of government airlines market share and the trend is expected to remain same, owing to the fact of increasing acceptance of the concept of privatization by the governments globally.

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Whether you’ve been in the fickle world of business for a year or for fifty, you could find yourself needing a sum of money in a pinch – but you don’t have it to hand, at least right now.

Despite it being a common problem for many, applying for a commercial loan is still deeply stigmatised and fogged by myths.

Read on to discover the most believed myths surrounding commercial loans, and what the truth really is when it comes to financing your business into the future.Myth: Without a perfect credit score, you won’t get a loanThis is one of the most common myths – and also one of the most untrue.

While it’s accepted that generally possessing a good credit score improves your chances of being accepted, having a bad credit score isn’t the be-all and end-all.

If this applies to you, consider going through an alternative lender rather than a traditional big bank.

They will likely be more understanding of wider circumstances than a traditional large bank would, and be more willing to offer small commercial loans.Myth: Without a business plan, your application will be rejectedAnother assumption about commercial loans that is ultimately shrouded in falsifications is that you won’t be accepted for a commercial loan without proof of a business plan.