December 2005

MERGER MAGIC 01 December 2005

US Airways' merger with America West was a great accomplishment for both airlines. Doug Parker, president and CEO, is confident that it will succeed.

CAPE TOWN REVISITED 01 December 2005

Eight countries have ratified the Cape Town Convention, which will be implemented in March. Victoria Pennington speaks to some of the people who made it happen.

IRELAND – A LESSOR'S DREAM 01 December 2005

The American Jobs Creation Act of 2004 created about 450 amendments to the Internal Revenue Code, but one change in particular has potentially far-reaching consequences for US aircraft lessors. Garry Burke, chief executive officer of Pembroke Capital, reports.

Air Canada closes $400 m regional deal 01 December 2005

Air Canada has financed 18 Embraer 190s, worth about $400 million, with a 15-year secured loan.

Babcock & Brown closes warehousing facility 01 December 2005

Babcock & Brown Aircraft Management (BBAM) has arranged a $1.2 billion warehousing facility to fund aircraft acquisitions

Stone sues Continental then heads for Akerman Senterfitt 01 December 2005

"They were betting that Thatcher Stone was some ignorant [jerk] who didn't know how to get money out of Continental. They picked the wrong guy," says Thatcher Stone, who recently joined law firm Akerman Senterfitt.

ACG bonds get good reception in US and Europe 01 December 2005

Aviation Capital Group's (AGC) portfolio securitization priced in mid-December had been premarketed and were well received, particularly in the US and Asia. The total value of the issuance is $1.866 billion, the biggest lessor securitization since 1996. UBS Warburg is arranging the deal.

Four banks finance CSA 01 December 2005

Four banks were involved in the financing of the recently concluded lease between China Southern Airlines (CSA) and Singapore Aircraft Leasing Enterprise (Sale).

planes, ferries & taxis 01 December 2005

What is the best thing about Seattle? The cultural offerings, international commerce, diverse landscape and charm of Seattle and the Puget Sound metropolitan area attract people from all over the country and around the world. Seattle is a cosmopolitan city featuring picture-perfect views and abundant recreational opportunities year-round.

November 2005

Shedding risk 01 November 2005

While manufacturer financings are never easy, Bombardier's Raspro 2005 succeeded in making more than a billion dollars of finance. Alexandra Cain examines the deal.

Round one: the race for Awas 01 November 2005

Awas has a very different portfolio to Boullioun, but there is no shortage of bidders. Alasdair Whyte looks at the contenders.

Debt financing for Pegasus 737-700 to close 01 November 2005

The new pegasus 01 November 2005

Pegasus Aviation is expanding and, with the help of Oaktree Capital Management and an ex-Boeing salesman, this will continue over the next decade. Victoria Pennington reports.

And then there were 10 01 November 2005

The 2005 Airfinance Journal export credit survey shows how few banks are winning mandates, although competition among them remains fierce.

Kaupthing Bank and FL group form lessor 01 November 2005

ABN vehicle targets export credit 01 November 2005

ABN Amro has created a new way of funding export credit. Neil Unmack examines the structure.

Playing the EETC game 01 November 2005

Lenard Parkins and Kenric Kattner, of Haynes and Boone, and lead counsel for Atlas Air Worldwide Holdings, provide an essential guide to restructuring EETCs in bankruptcy.

Old before its time 01 November 2005

Bankruptcy meant that the Fairchild Dornier 328 Jet never really found a market, and with Delta parking aircraft, its value is unlikely to recover.

Single Aisle Battles 01 November 2005

Rising fuel prices are increasing pressure on manufacturers to improve engine efficiency. Geoff Hearn looks at how IAE and CFM are reacting to the problem.