For Sale

                                                                                                                                                   or New Sales

1. For Sale: Sling LSA R950 000,00 

View at The Airplane Factory
Contact Dave 083-7033329 or email durbanskyye@gmail.com

Interior of FYA

Mod leather trim and dash
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Aircraft Financing  

Financing of second-hand aircraft is possible through Standard Bank as well as some other financial institutions.

The criteria for financing are as follows: (See Standard Bank website here)

Non-Type Certified Aircraft - ZU registered aircraft:

• The aircraft must be 5 years old or younger;
• There must be more than 10 of a aircraft type registered at the SACAA;
• The aircraft must be assembled by the local distributor that is approved at the Civil Aviation Authority. We will not consider homebuilt kits;
• 20% deposit is required;
• VAT can be funded but must be paid back into the agreement in month four of the repayment plan;
• Maximum repayment period is 60 months
• No Residual Values;
• Aircraft are financed on a Micro-light Instalment sale agreement
• The aircraft must be comprehensively insured for full flight cover for the duration of the finance period.

Information Required on the Aircraft

For valuation purposes and initial application to credit:

Copy of the Aircraft specification sheet, which must include the following:

• Aircraft Type
• Year of manufacture
• Aircraft registration number and serial number
• Latest airframe hours
• Engine hours since major overhaul
• List of additional avionics
• Damage history
• For brand new aircraft we merely require a copy of the purchase agreement between the client and the supplier.
• Copy of the pro-forma invoice
• If the aircraft will be used to generate income, please provide a copy of the operating contract or utilisation agreement.

Prior to payout:

• Copy of Certificate of Registration
• Copy of Certificate of Airworthiness
• Copy of latest Certificate of Release to Service
• Copy of aircraft Radio Licence
• Letter confirming who will conduct the maintenance on the aircraft with the relevant AMO number stated on this letter.
• Certificate of insurance which must include the following:
  • Standard Bank to be noted as First loss payee
  • Standard Bank to be noted as Additional Insured
  • Breach of Warranty AVN28B/AVN67 B in favour of Standard Bank.
  • Insurance to include LSW555C/D
  • All geographical areas of operation and uses of aircraft must be covered.
• If Second hand, copy of airframe and engine log books first and last page to confirm the hours on the aircraft specification sheet originally provided as well as the serial numbers.
• Invoice (made out to the client NOT Standard Bank)

Alternative finance also available throught Aircraft Finance Corporation.

Dave on 083-7033329 or durbanskyye@gmail.com will take you through the finance process for finance on our selected new or second-hand Sling aircraft for sale.