Creditworthiness

Creditworthiness refers to the measure of an individual or an organization's ability to repay their debts. In aviation, creditworthiness is an important factor in leasing or purchasing aircraft, as it determines the level of risk involved in lending money to the borrower. Lenders will typically assess creditworthiness by examining the borrower's credit history, financial statements, and other relevant information. A high level of creditworthiness can result in more favorable loan terms, such as lower interest rates and longer repayment periods. On the other hand, a low level of creditworthiness can result in higher interest rates and stricter repayment terms, or even a denial of credit altogether.

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Creditworthiness

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