Copying and distributing are prohibited without permission of the publisher
Editorial: You couldn't make it up
17 June 2009
While Pembroke and BOC Aviation get lucky in the downturn, the ILFC and Allco sales could open the flood gates for more lessor M&A
Read more:
[ilfc]
[allco]
[bravia]
[hna group]
[m&a]
The past always looks better the further you are from it. At the moment, two years seems like a very long time ago. In June 2007 Allco had just failed to buy Qantas and its aviation group was conducting due diligence on Singapore Aircraft Leasing Enterprise (Sale). Pembroke’s management team was also selling the company. The Paris Air Show had record activity, including International Lease Finance Corporation
(ILFC) ordering 50 787s and Airbus selling a large number of A350s. Ireland was still the Celtic tiger and Iceland’s financial institutions were expanding abroad.
Then the world changed. Ireland has been downgraded, Iceland’s banking system has collapsed, few orders are expected at the next Paris Air Show, and Allco and ILFC are for sale.
Like everything else, the aviation finance market has been turned upside down. Sale (now BOC Aviation) and Pembroke are two...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
