• Aircraft being upgraded must be owned by applicant.
• Aircraft being upgraded must be substantially operated in Alaska.
• Applicant must sign a declaration certifying that the aircraft being upgraded has flown at least 51% of its flight hours in Alaska over the last 12 months.
• Applicant must provide a copy of the airworthiness certificate and aircraft registration.
• All aircraft must at a minimum, be equipped with a Universal Access Transceiver (UAT) Automatic Dependent Surveillance - Broadcast data link system.

Program Requirements

• Purchases - Loans may be made to purchase and install eligible Capstone avionics equipment in aircraft that are substantially operated in Alaska. Avionics to be financed cannot have been purchased and installed more than 120 days prior to the date that a loan application is received by the Alaska Division of Investments.
• Collateral - Loans will be secured by a priority lien on the Capstone avionics being financed and by a lien on the aircraft receiving the improvements.
• Refinancing - Refinancing existing debt is not allowed.

Eligible Avionics Equipment