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Feature: 2010 Operating Lease Survey
22 July 2010
Liquidity flows in for operating leasing to fund new companies entering the aircraft market.
Confidence is back. The mood has changed, but the road
to recovery is a long one. Although many agree that the
operating lease market has rebounded and is a lot better
compared with last year, the industry has not recovered
uniformly and still has a way to go before returning to the
profitable times of two years ago.
"The changes in the lessor market are transformational,"
says Kostya Zolotusky, managing director of capital
developments, Boeing Capital. "The metamorphosis of the market
began - is still going on - at the beginning of the
financial crisis where a lot of the large parents of major
lessors came under pressure and significantly reduced the
amount of unsecured borrowing that lessors could do to fund
their portfolios. Aircraft portfolios now had to be financed in
Airlines were starting to report profits at the end of 2009
and the first quarter of 2010,...
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