Turboprop Import Finance - N-Reg to G-Reg

Importing a turboprop from the US - converting an N-registered aircraft to G-registration - is a well-trodden path for UK buyers seeking value. But finance for aircraft in transit or mid-conversion requires lenders who understand the process, the timeline and the risks. Doulton Bridging Finance specialises in import finance for turboprop aircraft, including bridging solutions during the conversion period.

Why Import a Turboprop from the US?

The US market for turboprops is significantly larger than the UK, offering a wider choice of aircraft, more competitive pricing (particularly for US-manufactured types) and more recent avionics upgrades. Dollar-denominated prices can also be attractive when the pound is strong.

Popular import candidates include the Piper M600, TBM series, King Air family, and Pilatus PC-12. All can be imported to the UK under CAA type acceptance procedures, with varying complexity and cost.

Finance for N-Reg Aircraft

Most UK lenders prefer (or require) G-registration for aircraft they finance. However, specialist lenders can provide N-reg finance or bridging finance during the conversion period, converting to a long-term G-reg facility once the aircraft is on the UK register.

The conversion process typically takes 4–12 weeks depending on the type and CAA workload. Bridging finance covers the purchase and conversion period, with a refinance onto long-term aircraft finance on completion of G-registration.

Currency and Hedging

USD-priced aircraft expose UK buyers to exchange rate risk between offer acceptance and completion. We can connect buyers with currency specialists who offer forward contracts and hedging tools to manage this risk. Lenders will want to understand the currency of the purchase and may offer USD or GBP facilities depending on the aircraft and lender.

Typical Timeline for Turboprop Import Finance

Week 1–2: Agree purchase terms, engage solicitor for aircraft purchase agreement

Week 2–4: Secure bridging or N-reg finance, arrange pre-purchase inspection and ferry permit

Week 4–8: Ferry aircraft to UK, submit CAA type acceptance application

Week 8–16: G-registration achieved, convert to long-term finance facility

The timeline varies by type and aircraft history. We manage lender expectations throughout.

Worked Example

Why Doulton Bridging Finance?

We are a specialist aircraft finance broker with access to the whole of the UK market - including lenders not available directly to the public. We handle the packaging, lender negotiations and documentation so you can focus on the aircraft. Our service is transparent, our advice is honest, and we flag any complexities upfront.

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Frequently asked questions

Can I get finance for an aircraft before it is on the G-register?

Yes. Specialist lenders and bridging finance solutions are available for N-reg aircraft, converting to a long-term G-reg facility once registration is complete. We manage the transition for you.

How long does G-reg conversion take?

Typically 8–16 weeks for most types, though some aircraft with non-standard modifications may take longer. The CAA's workload and the completeness of the aircraft's documentation affect timeline.

Should I borrow in USD or GBP?

This depends on your income currency and risk appetite. Borrowing in USD matches the asset's purchase currency but introduces repayment risk if the pound weakens. We can discuss the options and connect you with FX specialists.

Are import duties payable on a turboprop imported from the US?

Yes - UK import VAT at 20% is typically due on the aircraft's value at importation. VAT-registered businesses may be able to reclaim this. We strongly recommend specialist aviation VAT advice before purchase.

Can you arrange finance if I am buying at auction in the US?

Yes, subject to timeline constraints. Auction purchases require pre-approved finance to move quickly. Contact us before bidding so we can have a facility in principle ready.