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Editorial: Job market merry-go-round keeps spinning

10 March 2010

The number of people who have left institutions - particularly the US investment banks - is staggering.

Read more: Editorial job market people moves Steven Udvar-Hazy International Lease Finance Corporation

The past year has been extraordinary for those working in airfinance. The number of people who have left institutions – particularly the US investment banks – is staggering.

 

First came a wave of redundancies. Then the banks shut down entire airfinance units, keeping one or two bankers to wind down their existing portfolios. Finally, with all the uncertainties about lending capacity for banks and access to debt for lessors, people have left – in one case there was a mass exodus – for other opportunities.

 

From December 2008 to June 2009 it seemed like things would only get worse. Having suffered redundancies, some former investment bankers set up boutique advisory firms;...


Quote

“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

Kostya Zolotusky, managing director, capital markets, Boeing Capital, says about the price of export credit.

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