General Requirements 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 Universal Access Transceiver (UAT), Automatic Dependent Surveillance - Broadcast (ADS-B) Data Link; GPS/WAAS navigation equipment; A moving map multifunction display (MFD); or Other equipment as determined by the Department of Commerce, Community, and Economic Development in consultation with the Department of Transportation and Public Facilities.

Terms and Conditions Interest rate will be fixed at 4.0%. Maximum loan term is 10-years. Borrower is responsible to pay all direct costs incurred in processing an application including the cost of obtaining an aircraft title report and any recording fees.

Fees Application fee of $50.00. Closing costs include aircraft title search and FAA recording fee.

Additional Information Alaska Statute Regulations

Alaska Capstone Avionics Loan Application

The following Alaska Capstone Avionics Loan Application pages are in PDF format. You will need the Adobe Reader in order to view/print them. Acrobat Reader is distributed freely and available for download from Adobe®.

The Alaska Division of Investments, Department of Commerce, Community, and Economic Development complies with Title II of the Americans with Disabilities Act of 1990. This publication is available in alternative communication formats upon request. Please contact the Division of Investments at (907)465-2510 or TDD (907)465-5437 to make any necessary arrangements.