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Editorial: The year of the lessor
07 March 2011
Over the next week Airfinance Journal will reveal 13 deal of the year winners online.
Last year was the Chinese year of the tiger. But in aviation,
2010 was the year of the lessor. The capital markets returned
fiercely with deep pockets for several issuers in this market,
both old and new. That is why the awards recognize leasing
companies' efforts to do deals and make markets in
The industry had more than $60 billion-worth of aircraft
delivering last year - and aircraft leasing companies
accounted for about 25% of those deliveries.
While lending to an aircraft lessor is a more secure
investment - the portfolio is often spread out over
multiple types of assets and credit risks - in times of
strained liquidity airlines usually get preferential treatment
from the banks. Airlines, after all, are the
But, as lessors grow their share of the market from 25% to a
predicted 40% over the next decade, according to some
estimates, funding these companies...
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