Muni bonds – A gap in the market for aircraft financing, for now

Private aviation service provider Million Air Interlink has financed the $73 million refurbishment of three aircraft terminals through municipal bonds issued by two small Florida towns, Century and Gulf Breeze, according to reports in the Wall Street Journal. The company opted to access the municipal bond market when it was turned down by several banks. Private firms are allowed to enter into a “conduit” bond issuance if the result of the financing fosters economic development in the state. The $73 million will pay for the high-end refurbishment of three hangars for private jet owners which often include full plasma screens,