Q I was offered a loan to pay part of the overhaul on an engine for a company-owned aircraft. It's a personal loan to me. How do I protect the lender, and attach the loan to the equipment? A In the aviation finance world this is by and large not allowed, unless it's an additional loan from the existing lender. The challenge comes when the new lender tries to protect its position by filing an "attachment" or lien on the aircraft. Virtually all aircraft finance loan documents explicitly forbid it. The only way to protect the original lender is to ensure nothing is filed against the airplane and that it is, in fact, just a personal loan to you with no recourse to the business or its assets (the airplane).
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