Leasing of airplanes

Acquisition airplanes for personal use or for provision of air carriage services requires significant initial investment. Therefore, financial lease of an airplane could be seen as a sufficiently effective alternative permitting more optimal management of available cash flows.

Maximum term10 years
Leasing amountMaximum 70% of the acquired airplane’s cost


Conditions and additional information about leasing of airplaines keyboard_arrow_down

Financial lease of airplanes is a transaction for special acquisition of a new or previously used airplane from a producer or a seller into ownership by a lease company for subsequent handover into a lessee’s possession and use for the duration of a lease contract, where upon the lease contract’s end, if all conditions resulting from the lease contract have been fulfilled, the title of the airplane is transferred to the lessee. Basic funding terms prescribe an initial down-payment of at least 30% of the airplane’s cost and then subsequent monthly lease instalments in amounts prescribed in a payment schedule. The lessee shall also cover all expenses related to the airplane’s use and maintenance. If agreed so with the lessee, the lessee has the right of premature purchase of the airplane at any time during the period of the financial lease.

The maximum duration of financial lease of an airplane is 10 years.

Financial lease is offered to companies having a principal activity of providing air carrier services (air carriers), and also to other legal persons wishing to acquire an airplane for personal use. If a company wishes to acquire an airplane for personal use, the requirement to present documents related to air carrier activities does not apply.

A priority condition for financial lease of an airplane is use of the company Panaviatic AS as the operator.

Other necessary documents may be requested during reviewing the project.

If the airplane satisfies the lessee’s requirements then final conditions will be negotiated with the lessor and a contract will be signed. Thereafter, technical receipt of the airplane will be performed and the airplane will be inspected for its technical state and conformity to the data stated in its documents. The airplane will also be registered in the relevant register.

Required documents keyboard_arrow_down

the company’s (holding company’s) structure, stating all companies included in the consolidated group and listing all owners and directors, providing also their identity documents

the company’s financial reports for the past 2 financial years

the company’s financial reports for the past quarter of the current financial year

a confirmation of the company’s financial capacity (a forecast of cash flows, etc.) for successful payment of the lease amount

existence of a professionally prepared business plan for the company (primarily in case of air carriers)

an initial technical audit of the airplane, confirming its compliance with requirements

an assessment to the airplane by an assessor accepted by the lease company

a list of all financial liabilities of the company

An air carrier’s business plan and description of future activities keyboard_arrow_down

An air carrier’s business plan and description of future activities, presented to the lease company, must contain the following information:

when the commercial air carrier activities were started

airplanes that the company owns

airplanes that the company has via operating lease or financial lease

availability of a valid operator’s certificate

availability of trained pilots, and also technicians for maintenance of the airplanes

the company’s structure and personnel, their education and the number of employees

whether negotiations are being held or planned to be held with other companies for charter flights

whether there are contracts for performance of regular air trips

whether there is a contract for technical maintenance of the airplane by certified companies and where it will be performed

the air trips that the company is planning to perform (the route network)

the number of monthly flight hours planned for the airplane

the airplane’s future country of registration

the organisation of advertising and promotion of the company in the air carriage market

an estimated budget plan of the air carrier company for 2-3 years in advance

whether the company’s personnel has any practical experience with that kind of operations or whether qualified management will be outsourced for that purpose

a description of trips and routes for the past 5 years, indicating the airplane types used

an outline of the air carrier company’s structure together with its departments and number of payroll employees

Enter the price together with VAT

Show payment schedule.

* Please note, that calculations are informative

Payment Schedule

Nr Period Redemption payment Interest Value-added tax Amount to be paid Redemption price

Apply for a leasing


Customer support

Mon-Fri 09.00-17.00

Phone: +372 668 8066

Skype: +372 712 0503

*Outside office hours you can report your card lost by calling +372 668 8088

Important! Our branch office in Tallinn, on Vana-Viru 7 is temporarily closed until 31.12.2020

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