Aviation Finance


The August 22nd edition of Aviation Finance is published
In the latest issue: Once again, the importance of trading as an inherent component of the aircraft leasing business model – a topic at the heart of the annual conference of Aviation Finance in Dublin Castle, Ireland, on October 15th next – is highlighted by industry leaders in connection with their reports to shareholders and other stakeholders. SMBC Aviation Finance, BOC Aviation and ALC have all remarked on its role as an intrinsic element of their business models.

The August 8th edition of Aviation Finance is published
In the latest issue: The significance of trading as an inherent component of the aircraft leasing business model – a topic at the heart of the annual conference of Aviation Finance in Dublin Castle, Ireland, on October 15th next – has been highlighted once again by leading exponents of the business. In their remarks about AerCap’s record Q2 both CEO Gus Kelly and CFO Pete Juhas emphasised the important of the trading role in creating a sustainable base for growing shareholder value, as opposed to ‘one-off’ gains.



Milestone pivots - new CEO and GECAS trading chief Greg Conlon on how it can be transformed

Greg Conlon's mission to put the rotorcraft industry business model right

Peter Chang on relationships between OEMs and lessors
IBA's Stuart Hatcher on values and lease rates
Willis LF's Brian Hole: 'Time to Uberize spare engines'
Marsh's Bob Morin on AFIC's first year


CDB Aviation supplies 737-800 to NordStar Airlines, and is the first global lessor to place a new Airbus A320neo with an African airline, Air Seychelles
July 31st 2019: CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the placement of a Boeing 737-800 aircraft on a long-term lease to a new customer in Russia, Joint-stock company NordStar Airlines, with airport bases in Krasnoyarsk and Moscow (Domodedovo). The 'fast-growing carrier will utilize the aircraft to enhance its expanding flight operations', the lessor said. CDB Aviation also announced today that it is the first global lessor to lease a new Airbus A320neo with an African airline - Air Seychelles.

GECAS supplies two Airbus A321neos to Ural - delivering the enhanced fuel efficiency of LEAP engines
July 31st 2019: GECAS will supply two Airbus A321neo aircraft to Ural Airlines. The LEAP-powered narrowbody aircraft - from the lessor’s orderbook – are due to be delivered in October and December of this year. With a current in-service fleet of 45 aircraft from the Airbus A320 family – including A319, A320 and A321 – the Russian operator now transports more than nine million passengers annually and is among the largest rapidly-developing Russian airlines.

In the July 25th issue:
Cutting edge developments in aircraft trading. The Aviation Working Group (AWG)'s initiative in developing the GATS system - a potentially revolutionary adjunct to commercial aircraft trading. SMBC's head of trading Michael Weiss discusses the lessor's new fund, and elsewhere in the issue we reflect on the impact of the decline in lease yields, and the prospects for the near term. These stories are reflective of the main themes at the heart of the Aviation Finance annual conference on October 15th .


From Our Latest Issues:

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Financing & Risk Strategies

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In the July 11th issue:
FLY’s leasing’s sale this week of a portfolio of aircraft at a premium to book value, and latest results from other exchange-traded lessors which confirm the importance of residual values to an aircraft industry which engages with a complex buy-sell series of markets from the placing of orders for new aircraft through a lengthy life cycle of more than two decades.

The June 27th edition of Aviation Finance is published
In the latest issue: Two new ABS issues amounting to over $1 billion; and a GECAS sale & leaseback with David Neeleman's new Moxy airline; Insurance trends are under the spotlight too, as we look at the findings of a new report by Allianz Global Corporate & Specialty; Still no clarity on how soon Boeing will resolve 737 MAX issues as FAA identifies need for a further fix; The Paris Air Show - one of the quietest for a number of years: IAG's LoI for 200 737MAXs and the launch of the Airbus’s A321XLR were notable.

The June 13th edition of Aviation Finance is published
In the latest issue: What's behind the pause in airline profitability in 2019; Expectations for the Paris Air Show - they may not be high, but..; Ruth Kelly: Goshawk's serial issuance plan; The evolution of Ryanair as a multi-airline player; Arrival of a new manufacturer in place of Bombardier; Good results from SMBC Aviation Capital; Strong activity on the ABS and lessor funding front



The May 30th edition of Aviation Finance is published
In the latest issue: Airline valuation malaise presents M&A opportunities; Perspectives: Aviation needs carrier, lessor leadership for a positive future; Talks on Boeing 737 MAX return to service progress, albeit slowly; ALC raises $1.05bn through two note issues; The foremost deals of the year Deals of the Year 2019 in Irish aviation finance recognised in the Finance Dublin Deals of the Year Awards 2019; Ryanair will take profit pain to pressure competitors; India’s airlines optimistic despite hitting turbulence; Avianca Brazil grounded by regulator; Chile blocks LATAM JVs.

The May 16th edition of Aviation Finance is published
$554m JOL securitisation breaks new ground in ABS market; ALC conference call: fleet growth propels ALC profits, up 24 p.c. in Q1, matched by similar growth in credit line; Goshawk comes to ABS market with $529m first time issuance; PE investors seek value opportunities in airlines; Analysis: Green issues come to the fore for aviation; KBRA takes a positive view on the immediate outlook for the global airline industry and identifies potential clouds on the horizon.

The May 2nd edition of Aviation Finance is published
In the latest issue:The ongoing MAX crisis - we identify more consequences; We also look at the Q1 results from lessors AerCap and Avolon, the upgrading of CDB Aviation to investment grade by three agencies, innovation in the Schuldschein market and the growth trajectory of lessor Aergo Capital, as it marks twenty years in business, in our interview with Fred Browne.

The April 18th edition of Aviation Finance
In the latest issue: Capital markets look favourably on major aircraft lessors as 3 major aircraft lessors successfully tapping unsecured bond markets; Castlelake launches biggest ABS so far this year; Lufthansa - a cautionary note for European sector; Aircraft Supply Analysis: MAX represents maximum challenge for Boeing; Interview SMBCAC's Barry Flannery; Aircraft Leasing Markets: Credit factors are to the fore as fleet managers respond.

The April 4th edition of Aviation Finance
In the latest issue: Analysis: Calculating this mix of asset, lessee and jurisdictional factors when pricing a lease is a skill set that determines the winners and losers in the leasing community. Getting that mix right is the key priority for managers and risk analysts alike. GECAS launches new ABS in its long series; MAX implications - lease prices, EETCs; AerCap prices $1.0 bn senior notes in strong market; DAE ups revolver to $600m; China signals orders for 300 Airbus, mirroring its 2017 Boeing order; CDB Aviation places A330-200s with Wamos; Frankfurt airport 'at limit of growth’.

The March 21st edition of Aviation Finance
In the March 21st edition: The implications of the Boeing MAX8 tragedy and what can and must be done; In the meantime, trends across the aviation finance universe show that life goes on, even as participants reflect on the crisis that has beset Boeing’s new aircraft programme. Avolon’s inaugural term-loan facility, launched at $300 million was increased to $500 million; Orix Aviation has revealed big plans for its own fleet growth to 320 aircraft by 2021; and Boeing and Airbus have received confirmed orders from Lufthansa Group for 20 787-9 Dreamliners and from Taiwanese start-up StarLux for 17 Airbus A350 XWBs.