Overhaul Savings Program
Saving for your next overhaul just got easier.
Saving for your next overhaul can be difficult. Gemco's Overhaul Savings program is designed to take the complexity out of saving for your next overhaul by providing you with a team of professionals devoted to developing custom tailored solutions for your specific needs at an affordable price that is usually less than that for a loan to finance your next overhaul.
The Overhaul Savings program is an hourly engine program that allows owners to save up for their next overhaul while building equity in their aircraft for each hour they fly. Large corporate and commercial operators are already taking advantage of the benefits of hourly engine programs and now you can, too.
Benefits of enrolling your aircraft include:
- Consistent Tax-Deductible Expense - Gemco's program acts as a consistent monthly expense that owners and operators can count on when operating their aircraft. Depending on each individual's unique tax situation, it may be possible to take a deduction for the money put into the program.
- Transferable Between Owners and Aircraft - If you decide in the future to sell your aircraft, our program allows you to transfer your reserve equity to either the next owner, or your new aircraft engine.
- Reserve Always Available - In the event you require a premature overhaul, your reserve account is always available to you. Instead of tying up your money in illiquid investments, you can enjoy the peace-of-mind of constant availability.
- Intelligent Pricing - Gemco works with you to develop an agreed upon engine overhaul price that accounts for many of the potential bumps in the road many owners/operators traditionally do not account for such as inflation and new requirements. Our price plan ensures that you have a definitive plan to reach your overhaul goals.
- Avoid The Need For Financing - Gemco programs, when compared with financing your future engine, are usually cheaper. Instead of trying to obtain financing, and possibly finding yourself "in the hole" in the event of a premature engine failure, Gemco allows you to stay ahead of the power curve.
- Consistent Financial Support - You'll always have access to Gemco's support if you ever feel like your changing operational environment is degrading the effectiveness of your savings plan. We're here to make sure owning your airplane is easy. Smooth landings are still up to you.
- Fly Beyond TBO - Gemco allows owners to fly beyond TBO using our "Fly-On" program. These extra hours can act to reduce your liability, or provide you with no additional reserve account deposits.
- Flexible Program Design - The Overhaul Savings program can be designed to work in any type of ownership structure you are in. Whether you have a couple hundreds hours or a couple thousand hours until your next overhaul, we can design a program for you. Gemco's Fleet and Multi-Engine programs are available to individuals with multiple engines under management.
Contact Gemco, and we'll explain how our Engine Overhaul Savings program can increase your aircraft's resale value by over 15%, and how we simplify the process of financially planning for your next overhaul. Gemco is the smart way to save up for your next overhaul.