Platinum Aviation’s leaseback program is excellent for those that would like to offset some of the cost of aircraft ownership. Platinum is a secure place for your leaseback. We are an entirely debt free company. Our primary goal is to protect your asset and insure that it is marketed professionally. The program offers many additional benefits you may not be aware of.
Aircraft leasebacks are where you purchase the aircraft and “lease it back” to Platinum for use on its rental line. You still have full use of the aircraft; you simply book it on our online scheduling system whenever you want to fly. Our customers do the same, generating revenue for you. At the end of each month, you will get a statement that details the income generated and the expenses incurred. Along with the statement, you will get a check for the net income.
The leaseback has no set term. You can change your mind at any time and take your plane off the rental line with 30 days notice.
Platinum handles everything for you. All you do is fly. Platinum Aviation Service ensures that the aircraft is kept in airworthy condition all of the time. All scheduled maintenance, service bulletin and airworthiness directive compliance is taken care of. All databases are kept current, as are the software versions of the avionics. Our staff checks the plane regularly to ensure that things like oil, oil rags and window cleaner are available in the plane. Our computerized system tracks all flight time to provide a detailed report of the time you fly as well as all of the rentals. The aircraft is kept clean and detailed and waxed occasionally to keep the paint looking great. Any unexpected maintenance needs are quickly repaired to get the aircraft back on the rental line.
When you purchase an aircraft with the intention to lease it back to Platinum, we can show you how to set things up properly with the state to where you can avoid paying sales tax on the purchase price of the aircraft. This is a significant savings! Sales tax is collected each time the aircraft flies, including when you fly it. Platinum pays this to the state each month and reports the amount to you. So, you only pay sales tax for each flight you make.
All of the aircraft leased back to us are insured by us on our commercial, fleet policy. You as the owner are a named insured as well. New or low time pilots can benefit from Platinum’s relationship with our insurance underwriter. Insurance companies can put severe restrictions on new pilots of high performance aircraft. Our insurance underwriters know the level of training we provide and know our dedication to safety. Because of that and the level of trust we have earned, we have no restrictions. Instead our policy simply allows pilots, as approved by our Director of Training, to fly the plane.
Most aircraft owners don’t fly often enough to maintain optimum engine health. Engines that sit without running develop slight rust on the cylinder walls. When the engine is eventually ran, the pistons wear this rust layer off introducing it into the oil where it continues to be distributed to the moving parts of the engine. It is best for the long-term health of the engine to run it often. Aircraft on leaseback are flown much more often and avoid this problem.
Here in South Florida we have some severe storms and hurricanes. You can relax, knowing that our staff keeps an eye on developing weather and takes steps to protect the aircraft. During the typical storm, we make sure that the aircraft are all well tied down and secure. In the event of a hurricane, we will do our best to make arrangements to have aircraft flown out or in smaller storms, kept in hangars.
We provide lockers for all of our leaseback aircraft owners. This is a convenient way to store all of your aircraft accessories like rafts, life vests, extra headsets and other things that you don’t need on every flight. All of these things are now easily accessed as you need them.
All of our leaseback owners enjoy 24 hour access to our facilities. You passengers can wait in our comfortable lobby while you ready the plane. Cold water, coffee and espresso are also available.
If you are interested in learning about the details of our leaseback program, call Kevin McAndrews, Director of Sales, at 954.202.5995, or email him