The Bank of America Corporate Aircraft Finance Group has developed new cross-border tax leasing arrangements for private aircraft.

Frankfurt-based international sales director Toennies von Limburg says: "These result in lower average funding cost. Structured as an operating lease, the structures contain a residual value protection for the lessee and qualify for off-balance-sheet treatment."

The international office opened for business last year in Frankfurt, Germany and Bank of America exhibited at EBACE in Geneva, Switzerland for the first time this year.