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Report: New York Airfinance conference
10 May 2010
With about 250 delegates, the New York Airfinance conference held at the Grand Hyatt in April was the place to be for airfinanciers. Sophie Segal reports what speakers and delegates discussed.
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2010 New York Airfinance conference
Aviation Capital Group
Seabury
DVB Bank
Aercap
Natixis Transport Finance
The mood has certainly improved one year later. At the end of the New York Airfinance conference chairman, Richard Cherney, executive vice president of marketing, Aviation Capital Group surveyed how delegates were feeling. He asked if people were feeling more positive for their businesses now compared with a year ago. Everyone in the room raised their hands.
It is no surprise that people are feeling more confident in 2010. Though financing might be harder to source, there have been fewer airline bankruptcies than the industry was preparing for in 2009, and those airlines that did go insolvent were inconsequential.
Michael Cox, senior managing director, Seabury says: “Airlines are always the first to suffer [in a recession] and the last to come out.” He predicts that real growth will not return to aviation until 2014 and that emerging markets will drive the market.
“The only way to succeed in...
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