Aircraft Financing and Leasing: Tools for Success in Aircraft Acquisition and Management, Second Edition provides students and industry professionals with unique insights into the latest developments in the Commercial Aircraft and Engine Leasing and Financing industry that has grown into one of the most distinctive and important industries globally. This book offers a blend of academic and professional views that make it educational and relevant to the everyday operations of the industry. It can be used as a stand-alone textbook as well as a practitioner's guide. Given the impact of the COVID-19 virus on airlines around the world, the industry has experienced substantial changes since the first edition was published. This second edition is thoroughly revised and includes some new case studies and an entirely new chapter on Environmental Considerations with Respect to Aviation Finance. Aircraft Financing and Leasing details the industry’s foundational concepts, including aviation law and regulation, airline credit analysis, maintenance reserve development, insurance, transaction cost modeling, risk management tools such as asset and credit diversification, and the art of lease negotiations. Different types of aircraft are explored, highlighting their purposes, as well as when and why airline operators and investors choose specific models over others. In addition, the book covers important factors such as modeling financial returns for leased aircraft and appraising aircraft values. Users will find this an ideal resource for practitioners or as an outstanding reference for senior undergraduate and graduate students.
1. Aircraft Leasing and Financing - p. Page i 2. Cover - p. Page i 3. Front Matter - p. Page ii 4. Table of Contents - p. Page iii 5. Copyright - p. Page iv 6. About the authors - p. Page iv 7. Acknowledgments - p. Page vi 8. Foreword by C. Jeffrey Knittel - p. Page vi 9. Foreword by Dick Forsberg - p. Page vii 10. List of Illustrations - p. Page ix 11. List of Tables - p. Page x 12. Chapter 1 : Overview of the aircraft leasing industry and market environment - p. Page x 13. Chapter 2 : Principles of aircraft selection - p. Page 16 14. Chapter 3 : Principles of aircraft leasing versus ownership - p. Page 60 15. Chapter 4 : Aviation legal and regulatory framework - p. Page 83 16. Chapter 5 : Aviation insurance and the impact on risk management - p. Page 121 17. Chapter 6 : Aircraft funding—Debt, equity, and the capital markets - p. Page 153 18. Chapter 7 : Sustainable aviation: Issues and challenges - p. Page 186 19. Chapter 8 : Airline credit analysis - p. Page 208 20. Chapter 9 : Leasing portfolio management and risk management - p. Page 243 21. Chapter 10 : Principles of maintenance reserve development and management - p. Page 269 22. Chapter 11 : Transaction cost modeling - p. Page 312 23. Chapter 12 : Lease agreement and negotiation - p. Page 337 24. Chapter 13 : Aircraft valuation and appraisal - p. Page 379 25. Chapter 14 : Taxation and considerations for cross-border transactions - p. Page 418 26. Chapter 15 : Engine leasing - p. Page 444 27. Index - p. Page 484
Aircraft Financing and Leasing: Tools for Success in Aircraft Acquisition and Management, Second Edition provides students and industry professionals with unique insights into the latest developments in the Commercial Aircraft and Engine Leasing and Financing industry that has grown into one of the most distinctive and important industries globally. This book offers a blend of academic and professional views that make it educational and relevant to the everyday operations of the industry. It can be used as a stand-alone textbook as well as a practitioner's guide. Given the impact of the COVID-19 virus on airlines around the world, the industry has experienced substantial changes since the first edition was published. This second edition is thoroughly revised and includes some new case studies and an entirely new chapter on Environmental Considerations with Respect to Aviation Finance. Aircraft Financing and Leasing details the industry’s foundational concepts, including aviation law and regulation, airline credit analysis, maintenance reserve development, insurance, transaction cost modeling, risk management tools such as asset and credit diversification, and the art of lease negotiations. Different types of aircraft are explored, highlighting their purposes, as well as when and why airline operators and investors choose specific models over others. In addition, the book covers important factors such as modeling financial returns for leased aircraft and appraising aircraft values. Users will find this an ideal resource for practitioners or as an outstanding reference for senior undergraduate and graduate students.
1. Aircraft Leasing and Financing - p. Page i 2. Cover - p. Page i 3. Front Matter - p. Page ii 4. Table of Contents - p. Page iii 5. Copyright - p. Page iv 6. About the authors - p. Page iv 7. Acknowledgments - p. Page vi 8. Foreword by C. Jeffrey Knittel - p. Page vi 9. Foreword by Dick Forsberg - p. Page vii 10. List of Illustrations - p. Page ix 11. List of Tables - p. Page x 12. Chapter 1 : Overview of the aircraft leasing industry and market environment - p. Page x 13. Chapter 2 : Principles of aircraft selection - p. Page 16 14. Chapter 3 : Principles of aircraft leasing versus ownership - p. Page 60 15. Chapter 4 : Aviation legal and regulatory framework - p. Page 83 16. Chapter 5 : Aviation insurance and the impact on risk management - p. Page 121 17. Chapter 6 : Aircraft funding—Debt, equity, and the capital markets - p. Page 153 18. Chapter 7 : Sustainable aviation: Issues and challenges - p. Page 186 19. Chapter 8 : Airline credit analysis - p. Page 208 20. Chapter 9 : Leasing portfolio management and risk management - p. Page 243 21. Chapter 10 : Principles of maintenance reserve development and management - p. Page 269 22. Chapter 11 : Transaction cost modeling - p. Page 312 23. Chapter 12 : Lease agreement and negotiation - p. Page 337 24. Chapter 13 : Aircraft valuation and appraisal - p. Page 379 25. Chapter 14 : Taxation and considerations for cross-border transactions - p. Page 418 26. Chapter 15 : Engine leasing - p. Page 444 27. Index - p. Page 484
