Are you in the market for an aircraft? If yes, chances are you're either soaking in cash or don't have nearly sufficient. Don't worry if it's the latter: If your credit is great, you might always borrow the money.

Airplane loans are financing arrangements, similar to home or auto loans, that permit people and companies to buy and use aircraft. Since aircraft are usually extremely costly, aircraft loans are common in the air-travel world.

Some aircraft loans are relatively simple while others are more complex. At the simple end are loans for private and corporate aircraft; at the complex end are the loans commercial airlines use to purchase their aircraft fleets. The simplest loans are those used for private and corporate aircraft; the more complex are used by commercial airlines to purchase and maintain their fleets. The less difficult loans are more like auto loans or home mortgages, while the complex loans are more just like maritime or project financing.

Here's a look a