The Customer
A leading fiberglass pool manufacturer in the United States, servicing both domestic and international markets, faced a challenge when they needed to upgrade their corporate jet. The company had grown exponentially, and their CEO required additional range and lift to expand their business. However, due to their non-US parent company and the owner’s absence from the US, securing financing was a challenge.
The Challenge
- The fiberglass pool manufacturer’s strong cash flow allowed them to obtain financing from sub-companies.
- However, due to their non-US parent company and the owner’s absence from the US, obtaining financing for a corporate jet was challenging.
- The company required a trusted partner who could understand their unique situation and provide them with a flexible financing solution.
Done Deal.
- First National Capital’s Aviation division came to the rescue and completed financing for a 10-year-old Boeing BBJ VIP jet.
- The financing covered the entire cost of the $40 million corporate jet.
- The company’s CEO could now use the jet to expand their business and meet the demands of their international customers.
