Air Lease Corporation Annual Report 2011
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Aircraft Leasing Refer to Important Disclosures at the End of This Report
Asian Insights SparX – Aviation Aircraft Leasing Refer to important disclosures at the end of this report DBS Group Research . Equity 10 February 2017 HSI : 23,575 Asian Lessors in the Ascendancy Asian lessors have, notably via acquisitions, muscled Analyst • Paul YONG CFA +65 6682 3712 in amongst the top players globally in recent years [email protected] [email protected] With 3 players now listed in HK and a myriad of Singapore Research Team Asian names linked with potential deals in this • space, the sector should continue to garner interest Backed by firm long-term secular growth in air passenger travel globally, we are positive on the prospects of aircraft leasing, which provides better • returns and earnings visibility compared to airlines Our top pick is BOC Aviation (BUY, TP HK$48.40) and we initiate coverage on China Aircraft Leasing Stocks • (CALC) with a BUY call and HK$11.60 TP Mkt 12-mth Price Cap Target Performance (%) Price 3 mth 12 mth Stable cash flows and returns attract Asian investors. HK$ US$m HK$ Rating Faced with lower growth and returns in other assets, and BOC Aviation 41.30 3,632 48.40 (2.6) NA BUY helped by cheaper cost of debt funding, we believe Asian CALCChina 9.23 733 11.60 (3.5) 61.9 BUY investors of all types – banks, insurance companies and even CDB Financial Leas 1.94 3,129 2.01* 0.0 NA NR family funds, are looking towards aircraft leasing assets to provide stable and predictable cash flows and returns. Closing price as of 9 Feb 2017 * Potential Target Source: DBS Bank Long-term air travel growth underpins prospects for aircraft leasing. -
PW Powered A319neo Makes Maiden Flight Allegiant Announces
May-2019 EXPRESSJET AIRLINES, A UNITED EXPRESS CARRIER, TAKES DELIVERY OF FIRST OF 25 NEW EMBRAER E175 AIRCRAFT PW Powered A319neo Makes Maiden Flight Allegiant Announces Gregory Anderson As EVP & Chief Financial Officer Frontier Airlines’ Flight Attendants Ratify Five-Year Collective Bargaining Agreement Contents Air Lease Corporation Announces Delivery Of New Airbus A330-900Neo.. 1 Air Partner: Appointment Of Kevin Macnaughton As Managing Director, Charter 2 PW Powered A319neo Makes Maiden Flight 3 AviaAM Leasing Had A One More Successful Year In 2018 4 Virgin Atlantic Airways Calls On Sr Technics Engineering For Complex Cabin.. 5 Emirates To Expand Reach In India With Spicejet Codeshare Partnership 6 Vietnam Airlines To List Its Shares On The Ho Chi Minh Stock Exchange On 7 May.. 8 Cardiff Aviation Wins Repeat TUI Maintenance Contract 9 Magellan Aerospace Secures Contracts For Engine Front Frames And Shafts 10 ExpressJet Airlines, A United Express Carrier, Takes Delivery Of First Of 25 New.. 11 RJ Revenues Up 3%, Cost Down By 6% In Q1 Of 2019 12 WNG Closes Aircraft Fund At $438 MLN 14 Allegiant Announces Gregory Anderson As EVP & Chief Financial Officer 16 Boeing Statement On 737 Max Disagree Alert 17 Le Premier A330neo D’aircalin Fait Son Apparition 18 Avation PLC: Renewal Of Singapore Tax Incentive 20 Airbaltic To Start Codeshare Flights With SAS 21 Recaro Aircraft Seating Pulverizes Previous Records With 22 Percent Growth.. 22 CDB Aviation Receives Investment Grade Ratings From Moody’s, S&P Global And Fitch 24 Frontier Airlines’ Flight Attendants Ratify Five-Year Collective Bargaining Agreement 25 Air Lease Corporation Announces Delivery Of New Airbus A330-900Neo Aircraft With Air Mauritius LOS ANGELES, April 18, 2019 – Air Lease these new-technology aircraft contributes to Corporation (NYSE: AL; “ALC”) announced today the Air Mauritius’ objective to maintain the most delivery of one new Airbus A330-900neo aircraft modern and versatile aircraft to stay competitive on long-term lease to Air Mauritius. -
Annual Report 2008
Annual Report 2008 BABCOCK & BROWN AIR LIMITED Babcock & Brown Air Limited (B&B Air) acquires and leases modern, high- demand and fuel-efficient commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. B&B Air is managed and serviced by Babcock & Brown Aircraft Management (BBAM), the world’s fourth largest aircraft leasing company. As our servicer, BBAM arranges and manages the leases of our fleet and acquires and divests our aircraft. BBAM has more than 20 years of experience in aircraft and lease origination, re-marketing, administration, technical management and disposition. BBAM manages a fleet of approximately 300 commercial aircraft valued at more than $7.8 billion, leased to 80 airlines in 35 countries. BBAM’s established leadership position in the aircraft leasing industry, its experienced senior management team and its extensive relationships throughout the world allow us to maximize the value of our portfolio throughout its life cycle by acquiring aircraft economically, accessing the most attractive markets, re-marketing our aircraft efficiently when leases expire and disposing of our aircraft for the best value when market conditions warrant. 1 LETTER From THE CHAIRMAN AND THE CEO Dear Fellow Shareholders, We are pleased to report on B&B Air’s first year as a public company. In 2008, B&B Air produced strong financial results. Our net income was $48.1 million, or $1.44 per share, on revenues of $236.1 million. During the year our unrestricted cash balance increased by $41.2 million to $56.8 million, after returning nearly $74 million to shareholders through a combination of dividends and share repurchases. -
Global Leaders in Aviation Finance
Global Leaders in Aviation Finance kpmg.ie/aviation Why Ireland Choose KPMG Since the creation of Guinness Peat Aviation Based in Ireland, KPMG has been the leading adviser to the international leasing industry for over 30 years. We are (GPA) in the 1970’s, Ireland has been a globally recognised as the Aviation Finance and Leasing centre of excellence in aviation finance Centre of Excellence with an incomparable scale and depth and leasing, with an extensive number of of experience within the sector. skilled arrangers, managers and advisors We provide a range of audit, tax and advisory services and based here. More than half of the world’s can assist across a range of issues. No matter what stage leased aircraft are leased from Ireland. your company is at, we have the expertise to help you. Most significant transactions in the sector have involved Irish leasing companies. The KPMG Ireland is the leading transaction advisory industry looks set to grow further, with very firm in the global aviation finance market large orders being placed by Irish lessors. X We are the only professional services firm identified in the “AirFinance Power 30” list of companies that make an essential contribution to aviation finance. To qualify, The Irish Government’s ongoing commitment to maintaining all companies had to meet one test: if they went out of competitiveness is evidenced in the recent introduction of business would the market feel a significant loss? the ‘Aviation Act’, which came into force in July 2014. This Act, should enable investors to benefit from ‘Alternative A’ X We have the biggest concentration of aircraft leasing type protection in the Cape Town Convention. -
AVIAAM LEASING AB (Incorporated in Lithuania with Public Limited Liability, Corporate ID Code 302330793)
AVIAAM LEASING AB (incorporated in Lithuania with public limited liability, corporate ID code 302330793) Offering of up to 14,181,716 Shares, with a nominal value of LTL 1.00 each, and admission to trading on the Warsaw Stock Exchange of up to 43,305,593 Shares of Joint Stock Company AviaAM Leasing This document (the "Prospectus") has been prepared for the purpose of (i) the offering (the "Offering") of up to 14,181,716 ordinary registered shares in the share capital of Joint Stock Company AviaAM Leasing (the "Issuer" or the "Company"), with a nominal value of LTL 1.00 each, and (ii) the admission of up to 43,305,593 ordinary registered shares of the Issuer (the "Shares") to trading on the Warsaw Stock Exchange (in Polish: Gie³da Papierów Wartoœciowych w Warszawie S.A., the "WSE"). The Issuer will be offering for subscription up to 13,857,790 newly issued Shares (the "New Shares"). Gediminas iemelis (the "Selling Shareholder"), the Issuer's direct minority shareholder (but indirectly majority shareholder), will be offering up to 323,926 existing Shares (the "Sale Shares"). The New Shares to be issued by the Issuer and the Sale Shares offered by the Selling Shareholder are referred to, where thecontextpermits,astheOfferShares.TheIssuerwillonlyreceivethenetproceeds from the sale of the New Shares, whereas the Selling Shareholder will receive the net proceeds from the sale of its Sale Shares. The Offer Shares offered in this Offering constitute a minority interest in the Issuer. Prior to the completion of the Offering, the Selling Shareholder holds 1.1% of the issued share capital of the Issuer. -
Dashboard News Article Booklet
ANALYSIS: More ABSs in the pipeline but e-notes look elusive By Oliver Clark | 04 Feb 2021 - 11:26:59 GMT Castlelake's CLAS 2021-1 aircraft asset-backed securitisation (ABS) issuance in late January marked the return of a financing tool that some commentators had not expected to see again for years, following the pandemic. But the prospects for the ABS market reaching the heights it achieved before the crisis remain unclear. The dual-tranche $595 million CLAS 2021-1 was the first aircraft ABS issuance since the onset of the pandemic. The issuance was well received by investors, with the notes being oversubscribed by double-digit figures. That outcome has driven speculation that more ABS issuers will come to market in the coming months. "With the large qualification that nothing is predictable at the moment, I think we will see at least a few more ABS deals this year," says A&L Goodbody partner David Berkery. "The timing of the Castlelake issuance was earlier, the market appetite for the notes was greater and the pricing was better than most people could have anticipated. The structural enhancements were endorsed by the market, and I've no doubt that other leasing companies will look at the terms achieved by Castlelake with envy and start wondering if they too could launch an ABS issuance in 2021," he adds. Jim Bell, global aviation sector co-head at Watson Farley &Williams (WFW), also believes more issuances are on the way. "I know there are lessors that are either considering or have begun working towards ABS transactions and so I imagine that there will be a healthy amount of appetite, but it won't it be pre- Covid volumes by any stretch of the imagination," he says. -
Aviation Industry Leaders Report 2021: Route to Recovery
The Aviation Industry Leaders Report 2021: Route to Recovery www.aviationnews-online.com www.kpmg.ie/aviation KPMG REPORT COVERS 2021.indd 1 20/01/2021 14:19 For what’s next in Aviation. Navigating Change. Together. Your Partner For What’s Next KPMG6840_Aviation_Industry_Leaders_Report REPORT COVERS 2021.indd 2021 2 Ads x 4_Jan_2021.indd 4 19/01/202120/01/2021 15:37:29 14:19 CONTENTS 2 List of 10 Regional Review 24 Airline Survivorship 36 Return of the MAX 54 Chapter Four: The Contributors and Post-Covid World Acknowledgements Chapter One Assessing which Boeing’s 737 MAX incorporates a regional airlines will survive the aircraft was cleared for The recovery from 4 Foreword from Joe review of the aviation immediate health crisis return to service after the devastation the O’Mara, Head of market. and the subsequent the US Federal Aviation coronavirus pandemic Aviation, KPMG recovery period has Administration officially has wrought on the 18 Government rescinded the grounding world is expected to be Ireland become an essential Lifelines skill for lessors, lenders order. Industry experts slow but how will the 6 Chapter One: and suppliers. discuss the prospects new world environment This section takes a for the aircraft type and impact demand for air Surviving the Crisis deep dive into the levels 28 Chapter Two: Fleet how it will be financed. travel. This chapter also of government support considers the impact This chapter considers Focus for the aviation industry 44 Chapter Three: The of climate change the macroeconomic and around the world and Airlines are likely to Credit Challenge concerns on the aviation geopolitical shock of the considers its impact emerge from the crisis coronavirus pandemic industry. -
Aercap Holdings NV
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2014 Commission file number 001-33159 AerCap Holdings N.V. (Exact name of Registrant as specified in its charter) The Netherlands (Jurisdiction of incorporation or organization) AerCap AerCap House Stationsplein 965 1117 CE Schiphol The Netherlands + 31 20 655 9655 (Address of principal executive offices) Wouter M. den Dikken, AerCap House, Stationsplein 965, 1117 CE Schiphol, The Netherlands, Telephone number: +31 20 655 9655, Fax number: +31 20 655 9100 (Name, Telephone, Email and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Ordinary Shares The New York Stock Exchange Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: 6.375% Senior Unsecured Notes due 2017 Indicate the number of outstanding shares of each of the issuer’s classes of capital or ordinary stock as of the close of the period covered by the annual report. Ordinary Shares, Euro 0.01 par value 212,318,291 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ፤ No អ If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. -
ANNUAL REPORT 2 014 DEAR SHAREHOLDERS: This Past Year Was a Very Successful One for Aircastle
2 014 ANNUAL REPORT AIRCASTLE LIMITED 2014 ANNUAL REPORT DEAR SHAREHOLDERS: This past year was a very successful one for Aircastle. It also represented Year in Review a special moment in time for our firm, as it marked our first decade in business. This is the perfect opportunity to reflect on how we got here During 2014, we harnessed our innovative capabilities and and to look to the road we intend to travel going forward. competitive strengths to drive improving financial results. Net income grew to more than $100 million and our cash return on equity came When we started Aircastle, we knew we would have to distinguish in at 11.7%. Significantly, we grew revenues by 16% while further ourselves from other aircraft leasing companies and offer a different upgrading the quality of our portfolio and capital structure. Consistent opportunity to our investors. As most of us came directly from positions with our approach of sharing with shareholders the growth in our in our industry, we knew it would not be enough simply to tap into a earnings power, we increased our dividend again last year by 10%, sector that enjoyed long-term growth and be best in category. our fifth increase since 2011. We recognized it was the inherent complexity of the aircraft leasing Our investment origination skills were showcased last year as we business that creates discoverable opportunities for the company acquired 35 aircraft for $1.8 billion, growing the Company’s portfolio that devises the right processes, offers a value-add proposition and and earnings power. -
Aircraft Financing (US): Overview
Resource ID: W-001-5042 Aircraft Financing (US): Overview PRACTICAL LAW FINANCE WITH RICHARD FUREY, HOLLAND & KNIGHT LLP, BASED ON AN ORIGINAL ARTICLE BY MARA ABOLS, DARCY BINDER, JAMES HAYDEN AND CHRISTIAN HANSEN OF WHITE & CASE LLP Search the Resource ID numbers in blue on Westlaw for more. An overview of aircraft financing and the The different national and sub-national laws and regulations and challenges posed by these transactions. international treaties and conventions that must be taken into account when structuring and documenting aircraft financing This Note also discusses the parties typically transactions. The interrelationship among these different laws, involved in aircraft financing transactions and regulations, and treaties create significant complexity that must be considered when negotiating these transactions. For more their roles, including manufacturers, owner information on these issues, see Practice Note, Aircraft Financing: trustees, lessees, export credit agencies, and US and International Laws, Regulations and Registration Requirements (W-001-6310). development banks. The potential liability for participants involved in aircraft financing transactions in case of an accident or other loss event. The illiquid nature of the aviation market. There are not many Aircraft or aviation financing is the financing of the purchase and potential buyers of the aircraft if there is a default under the loan operation of one or more aircraft and related assets, by an airline, agreement, indenture or lease, as applicable. Even if a buyer can aircraft lessor or other entity using one of a variety of financing be secured: structures. Depending on the needs of the participants, the financing zthe cost of transferring ownership to that buyer may be may be structured as a secured loan, a debt offering, or a lease significant; and (whether an operating lease or finance lease). -
FLY Leasing Limited
FLY Leasing Limited May 2015 Caution Concerning Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for Fly Leasing Limited’s (FLY) future business and financial performance, and for the aviation industry. Forward-looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks. Further information on the factors and risks that may affect FLY’s business is included in filings FLY makes with the Securities and Exchange Commission from time to time, including its Annual Report on Form 20-F and Reports on Form 6-K. FLY undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise. Page 1 FLY at a Glance Portfolio 127 aircraft, 7.8 years average age (1) Customers 64 airlines in 36 countries Lease Profile Net, Net Leases, 5.3 years average remaining lease term (1) Managed by BBAM World’s 3rd largest lease manager with long, established track record Insider Ownership 8%+ with market value of $45m+ As of and for the year Ended December 31, 2014 Total Revenues $427m Total Assets $4,225m Net Income $56m Cash and Cash Equivalents $338m Earnings Per Share $1.32 Total Borrowings $3,025m Dividends Per Share $1.00 Total Equity $759m Note: As of December 31, 2014. -
Leasing and M&A Market Overview
Leasing and M&A Market Overview October 30, 2018 Professor David Yu, CFA, ISTAT Certified Aviation Appraiser Managing Director www.iba.aero IBA - Enhancing Decision Making Full service Leading analysis and Aviation Intelligence, Asset Management, Advisory valuations around Mapped the risks CDD around acquisition and Only aviation consultancy that also appraises (7 ISTAT commercial aircraft, engines, surrounding 100+ airlines investments Appraisers), manages (130+ assets, $4bn), and remarkets helicopters, freighters, Global approach business jets and slots Independent No vested interest in a deal progressing No conflict in treatment of assets Maintenance costs analysis Cash flow forecasting and Stress-testing of investment and benchmarking mapping opportunities and returns Diversified talent pool and inputs Imaginative solutions from a breadth of backgrounds Appraiser of the year 2018 30 years of trading experience Quantitative and qualitative approach Lease rate and residual risk Route analysis and asset Transition Management Unique access to critical data and human intelligence analysis selection www.iba.aero www.iba.aero www.iba.aero IndiaChinaJapanArea Euro UKUSAEmergingEconomies AdvancedEconomies 7.3% Slightprediction moderation 7.4% infrom 6.6%expected World 6.4% in 2019 4.9% 2.2%in Slowing2019 1.9% to 1.0% Figures previousGrowth GDP Downgraded a from 2.4%prediction of1 inApril 2.5% from Down 1.4% Recentlyindowngraded1.6% April 2.9%reform Tax Source: IMF Source: Landscape Economic GDP GDP growth. GDP tra of risk to world trend protectionism, Increasing US is increasing. Index Uncertainty Policy Economic downgraded. and Argentina India Brazil, strengthening. exporters oil Outlook for regions. – global forecast maintains IMF balanced lessacross - China China Trade Trade 3.9% War.