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Deals of the Year 2011

20 April 2012

The rewards of hard work in 2011

Read more: Deals of the Year 2011

Hard work goes a long way, but sometimes it just comes down to timing. Getting a deal done at the right time could not have been more important in 2011.

During the second half of the year, as the European debt crisis worsened, those who closed financing or locked-in terms in the first half of 2011 should be celebrating.

As the summer began the price of European export credit loans - still ubiquitous - started to increase significantly; the capital markets continued to be volatile during the third and fourth quarters, despite a few issuers taking advantage of open windows that quickly shut and traditional banks closed their books or dramatically reduced the liquidity available for aviation. In addition to timing, innovation, execution and size have been themes in 2011.

The 2010 Deal of the Year awards recognized several aircraft leasing companies for big or innovative transactions. The trend continued in...


Latest Deals Database Updates

Atlas Air / 05-13 / Ex-Im Guaranteed Bond / 1x747 23/05/2013
Borrower Atlas Air
Amount $m143
Assets 747-8
Comair / 05-13 / PDP financing / 4x737 23/05/2013
Borrower Comair
Overall Arrangers
Assets 737-800
SA Airlink / 05-13 / Airc. Secured Loan / 5xAirc 23/05/2013
Borrower SA Airlink
Amount $m9.5
Assets ERJ 135

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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