Bombardier Challenger Models We Finance
Challenger 350
Super-midsize jet. Honeywell HTF7350 engines. 10 passengers. Range 3,200nm. Pre-owned: £7m–£14m. The benchmark super-midsize. Strong lender appetite - HSBC, Lombard and Lloyds all active.
Challenger 604
Large-cabin wide-body. GE CF34-3B engines. 14 passengers. Older model - excellent value at £3m–£6m for 2000–2007 vintage. Close Brothers active here; Lombard selective on age.
Challenger 605 / 650
Updated large-cabin platforms. 605: GE CF34-3B1. 650: GE CF34-3B1 upgraded. 12 passengers. Range 4,000nm+. Pre-owned: £5m–£15m. HSBC and Lombard preferred for larger 650 transactions.
Indicative Finance Rates for Challenger Aircraft
| Model | Typical Loan Amount | Rate Range | Monthly (7yr HP) |
|---|---|---|---|
| Challenger 604 (older) | £2m–£4m | 7.5%–10% | ~£31,000–£62,000 |
| Challenger 605 | £4m–£8m | 6.5%–8.5% | ~£61,000–£122,000 |
| Challenger 350 | £6m–£12m | 5.7%–7.5% | ~£88,000–£175,000 |
| Challenger 650 | £8m–£15m | 5.5%–7% | ~£115,000–£215,000 |
Illustrative as at October 2026. Subject to credit, survey and aircraft age.
Challenger Finance: Key Considerations
- SPV structure: strongly recommended at this asset value - see our SPV guide
- Aircraft management: most Challenger owners use a professional management company - lender approval of the operator is typically required
- Charter revenue: can offset finance costs significantly; lenders factor in charter income when assessing affordability
- VAT: on a £10m Challenger, VAT is £2m - recovery strategy is essential to structure before purchase
- US operations: Challenger 350/650 owners frequently operate transatlantic; N-reg is an option but adds finance complexity