ExecuJet Aviation Group has launched a turnkey aircraft ownership package that includes financing options, called SimplyFly.

ExecuJet ceo Niall Olver explains: "ExecuJet now has a fund available for non-recourse financing, both on and off balance sheet.

"This capability has been combined with our aircraft sourcing, management and operations services into a single integrated product, and makes us unique in meeting a long apparent market demand. Non-recourse finance is a rare product and we trust this will ensure that ExecuJet continues to stay one step ahead in the industry."

In addition to sourcing the aircraft and providing financing, ExecuJet can operate the aircraft under one of its seven AOCs, arrange maintenance and technical support and provide ground handling services.

If required, ExecuJet says it can also encapsulate ownership, operating costs and risks into a cost model whereby monthly costs and hourly rates can be fixed, and along with limited variable costs, these can be on charged on a monthly basis.

The availability of non-recourse and off balance sheet financing makes this programme unique, says ExecuJet. A quick and simple approval of the contracting process differentiates the solution from typical, classical finance offers. SimplyFly does not require additional assets or personal guarantees beyond that of the aircraft.

The aircraft offered within the SimplyFly programme are of a US$20 million or higher value and are a maximum of five years old at inception.