About the Cessna Caravan in Commercial Operations
The Cessna 208B Grand Caravan EX is the undisputed workhorse of UK commercial aviation under CAA Part-135. From cargo operations for Royal Mail and DHL to parachute drops, charter and medevac, the Caravan's combination of STOL capability, PT6 reliability and single-pilot certification makes it the most common aircraft on UK AOCs outside the major airlines.
Commercial Operations Context
UK operators use the Caravan for a remarkably wide range of commercial activities: single-pilot freight runs, paradrop operations, charity air ambulance flights, island hopping charter services and aerial survey. The type's relatively low acquisition cost compared to twin-engine alternatives makes it an attractive entry point for new AOC applicants and experienced operators expanding their fleet alike.
Finance Overview
Finance Types Available
- Hire Purchase (HP)
- Finance Lease
- Operating Lease
- Sale and Leaseback
Typical Market Price
£300k–£800k used, £2.5m+ new (208B EX). Values vary significantly by variant, age, total time, maintenance status and avionics fit.
Typical Deposit
35% for established AOC holders with good covenants. New operators or unusual variants may require more.
Finance Term
Up to 5 years. Longer terms available for newer variants with strong residual values.
Worked Example - Cessna Caravan Finance
| Parameter | Example |
|---|---|
| Aircraft purchase price | £500,000 |
| Deposit (35%) | £175,000 |
| Finance amount | £325,000 |
| Indicative rate | 6.5% p.a. |
| Term | 5 years (60 months) |
| Indicative monthly payment | £6,358 (approx.) |
Example is illustrative only. Your rate and terms will depend on operator profile, aircraft condition and lender assessment.