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EDITORIAL: Will the funding gap arrive in 2010?
30 December 2009
There might not be a funding gap in 2010 but if one major airline files for bankruptcy it could be chaos.
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[Funding Gap]
[Manufacture Finance]
[China]
This time last year consultants were busy forecasting that we could easily see 200 white tails or unsold new aircraft. Leading bankers warned of funding shortfalls of between $7 billion and $15 billion. And Airbus and Boeing were mocked for saying that there would be no funding gap.
As we move into 2010 it is clear that the manufacturers were right. Toulouse and Seattle are not awash with parked aircraft (although a number of airlines have taken aircraft and parked them until next year) and airlines have managed to fund deliveries.
The main reason the funding gap did not arrive in the new aircraft market (it is definitely there in the used aircraft market)...
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