Are you planning to apply for an aircraft loan and wondering if you’ll need someone to co-sign with you? It’s a common question, especially if this is your first time applying for plane financing.
In this blog, we’ll explain what a co-signer does, how it works across all types of loans, and when it might come up in aviation financing. If you want to understand your aviation loan requirements better, keep reading.
What a Co-Signer Means in Lending
A co-signer is someone who agrees to take equal responsibility for a loan. They’re not just helping with paperwork but also agreeing to make payments if the primary borrower can’t. This is common with larger loans, like vehicles or homes, where lenders want added reassurance.
The lender reviews both the borrower’s and the co-signer’s financial information. A co-signer may help strengthen an application by providing added income or a stronger financial background. In return, the co-signer’s name is added to the loan agreement, which means they share the risk.
Do You Need Someone Else on Your Aircraft Loan Application?
It depends. Let’s break down when a co-signer may or may not be needed for your aircraft loan co-signer situation:
When a Co-Signer May Be Needed
There are a few situations where a co-signer can support the loan process. Here’s when that added signature might help move things forward:
1. If You’re Financing Your First Aircraft
Some first-time applicants may add a co-signer to strengthen their application and show stability.
2. If You’re Applying With a Limited Financial History
A co-signer may support the application when there’s less overall financial information to evaluate.
3. If You’re Applying as a Partnership
If you plan to own the aircraft as a group—such as with friends, colleagues, or business partners—everyone involved will usually need to be listed on the loan.
When a Co-Signer May Not Be Needed
In many cases, applicants qualify on their own without needing a co-signer. Below are some common reasons why one may not be necessary:
1. If You Have Strong Financials
When your financial profile meets standard aviation loan requirements, you may not need a co-signer. This usually means steady income, manageable existing debts, and enough liquidity to support the purchase.
2. If the Aircraft & Loan Structure Are Simple
Straightforward purchases for common aircraft types typically move ahead without needing another signer.
Clear Guidance on Co-Signers From AirFleet Capital
Understanding whether you need a co-signer for your aircraft loan starts with knowing your own situation and working with a team that sees the full picture. At AirFleet Capital, that’s exactly what we do.
We offer loan programs designed to match a variety of ownership goals—from individual buyers to partnerships. Our process is clear, our guidance is personal, and our support continues from application to approval. Explore our financing options and fill out your application today.