DOCSLIB.ORG

In the July-August Edition of AFJ's Bimonthly Magazine

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
In the July-August Edition of AFJ's Bimonthly Magazine Airfinance Journal July/August 2021 Airfinance Journal July/August July/August 2021 July/August RE A DY FO DY R Ready POST-p A NDEMIC LIFT OFF for post- pandemic lift off 2021 is shaping up to be another big year for BOC Aviation ISSUE no. 418 ISSUE no. 2021 LEGAL GUIDE | WHAT NEXT FOR REGIONAL OEMS? AIRFINANCE JOURNAL AwarDS 2020 A S I A P A C I F I C 2 0 2 1 3-4 NOVEMBER S A V E T H E D A T E S C A N M E Editor’s letter Technology comes to the fore No air show, no problem as the new aircraft announcements just keep coming, writes Olivier Bonnassies. une is traditionally marked by technology and United had already announced that it was Jcommercial announcements at the annual investing in urban air mobility start-up Archer with air show with aircraft and engine manufacturers a $1 billion order for up to 200 aircraft as part of an briefing the aviation community about their latest effort to change how people commute within major developments and future vision. metropolitan cities. And although this year’s Paris air show was In an exclusive interview with Airfinance Journal, cancelled, this has not prevented a surge of Avolon’s chief executive officer, Domhnal Slattery, technology announcements. said this project was a “continuation of a strategic First, on 3 June, United Airlines announced journey” toward net-zero emissions for the aviation plans to buy 15 new supersonic aircraft and “return industry. supersonic speeds to aviation” in 2029. “This is just the beginning of a multidecade Supersonic passenger flights ended in 2003 evolution in green travel, and I am taking a 50-year when Air France and British Airways retired vision, and this is step one,” he says. Concorde, their flagship aircraft which entered Slattery believes these aircraft types will begin passenger service in 1976. The new Overture aircraft to reshape regional and short-haul air travel, A S I A P A C I F I C 2 0 2 1 will be produced by a Denver-based company, particularly in regions such as Europe, where the Boom, which has yet to flight-test a supersonic jet. average stage length is less than 300 miles. The deal with United comes less than a month since There are challenges to incorporating this new the failure of Aerion Corporation, which had built up technology in cities around the world. Infrastructure 3-4 NOVEMBER $11 billion in orders for a planned supersonic business investment will be needed to support eVTOL aircraft but announced in late May that it could not operations, particularly around busy airport control secure adequate funding to continue the programme. zones. Boom’s Overture orderbook, including purchases Supersonic passenger travel may have different and options, stands at 70 aircraft, with Japan Airlines challenges such as noise, pollution and fuel S A V E T H E D A T E and Virgin Group placing preorders for the aircraft. consumption. Overture is expected to be the first large commercial aircraft to use net-zero carbon emissions New (conventional) aircraft in 2035? from launch, optimised to run fully using sustainable Airbus and Boeing are not in a hurry to launch aviation fuel (SAF). new programmes after amassing orders for their Capable of operating at Mach 1.7, the 65- to 88- A320neo and 737 Max families over the past seat aircraft is expected to cut travel time between decade. Recall that these programmes were S C A N M E more than 500 destinations nearly in half compared announced as improvements to their existing with current-generation models. successful families. The programme is slated to start rolling out in The ball has passed to the engine original 2025, with test flights in 2026. equipment manufacturers. “United continues on its trajectory to build a GE Aviation and Safran, which have renewed more innovative, sustainable airline, and today’s their CFM International partnership until 2050, have advancements in technology are making it more launched a technology development programme viable for that to include supersonic planes,” says called CFM RISE (Revolutionary Innovation for United’s chief executive officer, Scott Kirby. Sustainable Engines). RISE will combine both manufacturers’ single open eVTOL rotor concepts. The RISE engines will be developed Then a week later, Vertical Aerospace came to light in hydrogen burning, jet fuel and sustainable aviation (the company had been in existence since 2016) fuel versions. with a massive announcement for electric vertical The new programme, which targets more than take-off and landing (eVTOL) aircraft, VA-X4, the five- 20% lower fuel consumption and CO2 emissions passenger urban air mobility aircraft. compared with today’s engines, will be ready for Avolon will join Microsoft, Rolls-Royce, Honeywell, prime time by the mid-2030s. and American Airlines as equity investors in Vertical, It will be interesting to see how Airbus and Boeing OLIVIER BONNASSIES working with Virgin Atlantic, a VA-X4 launch airline respond to this timeline. No doubt the 200- to 300- Managing editor customer in Europe. seat market will be revisited soon. Airfinance Journal www.airfinancejournal.com 3 Contents Cover story News Analysis Special reports and interviews Smooth operator Griffin targets sale and Market competitors - BOC Aviation was swift in enacting its 11 leaseback growth 41 Narrowbodies getting larger and going further “downturn plan” at the start of the Covid-19 The new asset management firm sees more pandemic, and 2021 is shaping up to be potential for newer asset classes when As Boeing gets to grips with returning the 737 another big year for the lessor, its managing building relationships with airlines in the Max to service, Airbus is seeking to maximise director and chief executive officer, Robert context of Covid-19, Griffin’s chief financial sales of the A321. Geoff Hearn assesses their Martin, tells Dominic Lalk. officer tells Hugh Davies. respective prospects. Special reports and interviews Data Speedy lease deal key to MAG 43 restructuring 33 12 Pilarski A sense of urgency, trust and transparency 46 were the only elements that really mattered in Malaysia Aviation Group’s negotiations with Guide to Aviation creditors. Lessors now have more options to 47 redeploy aircraft, chief executive officer, Izham Lawyers 2020 Ismail, tells Dominic Lalk. Airfinance Journal Global 14 Awards 2020 People news Blockchain helps kickstart 6 32 international travel Mobile app IATA Travel Pass will help News Analysis travellers store and manage their verified certifications for Covid-19 tests or vaccines, ABS pricings reach new levels 8 reports Laura Mueller. Legal moves 2020/21 The capital markets are booming again as What next for Regional aircraft 48 aviation starts its rebound from Covid. Olivier OEMs? Bonnassies reports. 36 Legal survey 2021 Mitsubishi Heavy Industries has put its Spacejet 50 Airfinance Journal’s legal survey programme on hold indefinitely given changes Banks remain conservative in recognises the most active law firms in in the market environment. Airfinance Journal 9 lending 2020 by regions and financing structure. explores the incumbent players in the 70- to Bank appetite for the aircraft leasing business 100-seat market and their priorities. Hugh Rising stars has decreased in the post-Covid-19 pandemic Davies and Olivier Bonnassies report. 61 era, reports Elsie Guan. Airfinance Journal recognises six of the Values and lease rates trend: most promising legal associates for 2020. Truenoord eyes new-gen 39 Boeing 787-9 regional narrowbodies Recent private equity 10 Appraisers think values for the middle investment in aviation Anne-Bart Tieleman, Truenoord chief member of the Boeing 787 family will come 66 executive officer, tells Hugh Davies that under further pressure in the short term, but Private equity has been upping its game in smaller aircraft were on the Dutch lessor’s believe they will recover as long-haul travel aviation, writes David Berkery, partner, A&L radar long before the pandemic struck. returns. Geoff Hearn reports. Goodbody. Managing editor Group sub editor Senior marketing executive (Subscriptions) Printed in the UK by Buxton Press, Buxton, Olivier Bonnassies Peter Styles Wilson Eva-Maria Sanchez Derbyshire. +44 (0)207 779 8062 +44 (0)207 779 8450 [email protected] Managing director, The Airline Analyst [email protected] No part of this magazine can be reproduced Mike Duff without the written permission of the Asia editor +44 (0)207 779 8058 Publisher. The Airfinance Journal Ltd. Dominic Lalk [email protected] Production editor Registered in the United Kingdom 1432333 +852 2842 6941 Tim Huxford (ISSN 0143-2257). [email protected] Advertisement manager Greater China reporter Chris Gardner Divisional CEO Airfinance Journal (USPS No: 022-554) is a full +44 (0)207 779 8231 service business website and e-news facility 管沁雨 (GUAN Qinyu); Elsie Guan Jeffrey Davis with printed supplements by Euromoney +852 2842 6918 [email protected] Institutional Investor PLC. [email protected] Head of sales Senior Reporter George Williams Subscriptions / Conferences Hotline Although Euromoney Institutional Investor Hugh Davies +44 (0)207 779 8274 +44 (0)207 779 8999 / +1 212 224 3570 PLC has made every effort to ensure the +44 (0)20 7779 7346 [email protected] [email protected] accuracy of this publication, neither it nor any [email protected] contributor can accept any legal responsibility Head of Asia subscriptions Customer Services for consequences that may arise from errors Harry Sakhrani or omissions or any opinions or advice given. Consulting editor +44 (0)207 779 8610. +44 (0)207 779 8203 Geoff Hearn 8 Bouverie Street, London, EC4Y 8AX [email protected] This publication is not a substitute for specific Content Director, AFJ and Industry Chair professional advice on deals.
Load more

Recommended publications
  • Flying Outside The
    ISSN 1718-7966 June 26, 2017/ VOL. 596 WEEKLY AVIATION HEADLINES Read by thousands of aviation professionals and technical decision-makers every week www.avitrader.com WORLD NEWS Ryanair launches connecting flights in Milan Ryanair, the largest airline in Italy ex- tended its connecting flights service to Milan Bergamo Airport, providing Ryanair customers with an expanded route choice, and the opportunity to book and transfer directly onto con- necting Ryanair flights. This come following the successful launch of connecting flights at Rome Fiumicino last month. In other news Ryanair (Europe) announced the purchase of 10 more Boeing 737 Max 200 “Ga- mechanger” aircraft, 5 of which will deliver in the first half of 2019, with the second 5 delivering in the first half of 2020. Airbus unveiled new innovations Nasmyth Group opens new met- in Paris. al treatment facility in California Pegasus Nasmyth Group announces Photo: Airbus the opening of a new metal surface treatments facility in the Santa Clarita Flying outside the box Valley (SCV) in Valencia, California, sig- OEMs spread their wings at Paris nificantly expanding Nasmyth TMF’s footprint and ability to deliver services This year’s Paris Air Show was rela- unit), would allow an aircraft fitted unit also sends data automatically to aerospace and defence clients in the tively upbeat in terms of orders espe- with it to taxi without using its jet into efficiency applications such as USA. The processing line will be able to cially by the big two Boeing and Air- engines or requiring airport tractors weather, flight planning, logbooks, operate 24 hours a day, seven days a bus but the common theme across or tugs.
    [Show full text]
  • Chapter Download
    www.igi-global.com/ondemand ® InfoSci-ONDemand Chapter Download ® Purchase individual research articles, book chapters, and InfoSci-ONDemand teaching cases from IGI Global’s entire selection. Download Premium Research Papers www.igi-global.com/ondemand This publication is protected by copyright law of the United States of America codifi ed in Title 17 of the U.S. Code, which is party to both the Universal Copyright Convention and the Berne Copyright Convention. The entire content is copyrighted by IGI Global. All rights reserved. No part of this publication may be reproduced, posted online, stored, translated or distributed in any form or by any means without written permission from the publisher. IGI PUBLISHING ITB14169 701 E. Chocolate Avenue, Suite 200, Hershey PA 17033-1240, USA Tel: 717/533-8845; Fax 717/533-8661; URL-http://www.igi-pub.com 6 MertenThis paper appears in the publication, Information and Communication Technologies in Support of the Tourism Industry edited by W. Pease, M. Rowe and M. Cooper © 2007, IGI Global Chapter.IV The.Transformation.of.the. Distribution.Process.in.the. Airline.Industry.Empowered. by.Information.and. Communication.Technology Patrick S. Merten, International Institute of Management in Technology, Switzerland Abstract This chapter reviews the historical evolution of the airline market and its first-gen- eration airline reservation and distribution systems. The development and diffusion of computer reservation systems (CRS) and global distribution systems (GDS) is discussed extensively in order to provide a comprehensive overview of the state of business in the 2000s. Based on this evaluation, the influence of modern information and communication technology (ICT) on the airline distribution system environ- ment is discussed.
    [Show full text]
  • Data Standards Manual Summary of Changes
    October 2019 Visa Public gfgfghfghdfghdfghdfghfghffgfghfghdfghfg This document is a supplement of the Visa Core Rules and Visa Product and Service Rules. In the event of any conflict between any content in this document, any document referenced herein, any exhibit to this document, or any communications concerning this document, and any content in the Visa Core Rules and Visa Product and Service Rules, the Visa Core Rules and Visa Product and Service Rules shall govern and control. Merchant Data Standards Manual Summary of Changes Visa Merchant Data Standards Manual – Summary of Changes for this Edition This is a global document and should be used by members in all Visa Regions. In this edition, details have been added to the descriptions of the following MCCs in order to facilitate easier merchant designation and classification: • MCC 5541 Service Stations with or without Ancillary Services has been updated to include all engine fuel types, not just automotive • MCC 5542 Automated Fuel Dispensers has been updated to include all engine fuel types, not just automotive • MCC 5812 Eating Places, Restaurants & 5814 Fast Food Restaurants have been updated to include greater detail in order to facilitate easier segmentation • MCC 5967 Direct Marketing – Inbound Telemarketing Merchants has been updated to include adult content • MCC 6540 Non-Financial Institutions – Stored Value Card Purchase/Load has been updated to clarify that it does not apply to Staged Digital Wallet Operators (SDWO) • MCC 8398 Charitable Social Service Organizations has
    [Show full text]
  • Federal Hansard Acronyms List Remember: Ctrl+F for Quick Searches
    Federal Hansard Acronyms List Remember: Ctrl+F for quick searches A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A 2.5G [the first packet overlays on 2G networks] 2G second generation [the first generation of digital cellular networks, as opposed to analog] 3G third generation [next generation of cellular networks] 3GPP 3G Partnership Project [global standards body to oversee 3G] 4D meat from dead, dying, diseased or disabled animals 4GL fourth-generation language [computers] A&C automation and control A&D admission and disposition; alcohol and drugs A&E accident and emergency A&RMC formerly Austin & Repatriation Medical Centre [now Austin Health] AA anti-aircraft; Alcoholics Anonymous; Athletics Australia AAA Agriculture Advancing Australia; Australian Automobile Association; Australian Archaeological Association; Australian Airports Association AAAA Aerial Agricultural Association of Australia AAAE Australian Association of Automotive Electricians AAAGP Australian Association of Academic General Practice AAALAC Association for the Assessment and Accreditation of Laboratory Animal Care International AAB Australian Associated Brewers AAC Aboriginal advisory committee; Australian Arabic Council; AARNet Advisory Committee AACAP ATSIC-Army Community Assistance Program AACC Aboriginal Affairs Coordinating Committee [WA]; Australian Association of Career Counsellors AACM Australian Association for Computational Mechanics AACS Australian Associations of Christian Schools [note: Associations—plural] AACV Australian Association of Cattle Veterinarians AAD Australian Antarctic Division [Department of the Environment and Heritage] AADCP ASEAN-Australia Development Cooperation Program [taking over AAECP] AADS advanced air defence simulator AADT average annual daily traffic AaE Australian air Express Pty Ltd AAEC Antarctic Animal Ethics Committee AAECP ASEAN-Australia Economic Cooperation Program [finishes in 2005] AAFCANS Army and Air Force Canteen Service [now known as Frontline Defence Services] AAGP Australian Association of Group Psychotherapists Inc.
    [Show full text]
  • 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.
    [Show full text]
  • 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.
    [Show full text]
  • Republic of Yemen Air Transport Sector Review Note
    Republic of Yemen Air Transport Sector Review Note May, 2009 Middle East and North Africa Region Energy and Transport Unit CURRENCY EQUIVALENTS (Exchange rate effective on January, 2009) Currency Unit = Yemeni Rial (YER) 1 YER = 0.005 USD 1 USD = 200 YER Fiscal Year: January 1 – December 31 ABBREVIATIONS AND ACRONYMS ACAC Arab Civil Aviation Commission ADE Aden International Airport AOC Air Operator Certificate ATC Air Traffic Control ATIS Automated Terminal Information System BASA Bilateral Air Service Agreements CAMA Civil Aviation and Meteorological Authority of Yemen FIR Fligths Information Region GNSS Global Navigation Satellite Systems GoY Government of Yemen GPS Global Positioning System IATA International Air Transport Association ICAO International Civil Aviation Organization ILS Instrument Landing Approach MoT Ministry of Transport RIY Al-Mukalla Airport SAH Sana’a International Airport SARP Standards and Recommended Practices UAE United Arab Emirates USOAP Universal Safety Oversight Audit Programme VOR - DME VHF Omni-Directional Radio Range - Distance Measuring Equipment 2/65 January 2009 TABLE OF CONTENTS EXECUTIVE SUMMARY ........................................................................................................................... 4 I. THE AIR TRANSPORT SECTOR AT A GLANCE ....................................................................... 9 II. AIR TRANSPORT SERVICES AND COMPETITION POLICY..........................................10 A. DOMESTIC AIR TRANSPORT ...............................................................................................................10
    [Show full text]
  • 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.
    [Show full text]
  • Press Release
    Press release Air Malta relies on IT solutions from Lufthansa Systems Airline will use Lido/Flight 4D, NetLine/Ops ++ and Revenue Integrity Raunheim, June 12, 2018 – Lufthansa Systems today announced that Air Malta will be optimizing its processes using IT solutions from Lufthansa Systems, thus saving the airline time and money. It will soon start planning flights with Lido/Flight 4D, monitoring flight operations with NetLine/Ops ++ and managing its flight firming with Revenue Integrity. “We are in a growth phase and are headed towards a profitable future. We’ve set ourselves very ambitious goals. The IT solutions from Lufthansa Systems will help us achieve them. With these solutions, we can further optimize our route planning, improve our flight operations management and handle reservations more quickly. This will save us time and money,” said Alan Talbot CIO at Air Malta. The Lido/Flight 4D flight planning solution calculates the most suitable route for each Air Malta flight based on all relevant flight data, such as weather conditions and the current airspace situation, including any restrictions. The solution enables airlines to optimize their flying time, costs and fuel consumption when planning routes. NetLine/Ops ++ monitors current flight operations. Air Malta can use this solution to avoid disruptions and significantly lower the costs incurred by delays. With its management-by-exception approach, NetLine/Ops ++ eliminates diversions caused by minor problems. The operations controller can focus on critical flights which demand a fast reaction. Revenue Integrity will support Air Malta in its primary revenue management goal: maximizing earnings. The solution improves the quality of reservation data and optimizes inventory control and demand forecasts.
    [Show full text]
  • Air Lease Corporation Annual Report 2011
    AIR LEASE CORPORATION Annual Report 2011 1 WE HAVE ARRIVED. We took off in February 2010. In our first two years we have landed in the forefront of the aircraft leasing business. Our vision is unique. Our experience is extensive and our performance is remarkable. We are Air Lease Corporation and we have arrived. Two years of achievement have brought ALC to the forefront of the JANUARY DECEMBER aircraft leasing industry. FIRST NEW AIRCRAFT 102 AIRCRAFT IN FLEET ON DELIVERY From ALC’S DECEMBER 31, 2011 ORDER BOOK FEBRUARY ALC IS LAUNCHED 102 $923 JULY FARNBOROUGH AIR MILLION SHOW ORDER INITIAL PUBLIC OFFERING COMPLETED A $1.3 MAY BILLION PRIVATE FIRST AIRCRAFT PLACEMENT OF EQUITY DELIVERY DECEMBER APRIL 40 AIRCRAFT IN FLEET ON INITIAL PUBLIC DECEMBER 31, 2010 OFFERING, LISTED ON THE NYSE (AL) RAISED $923 MILLION $ GROSS PROCEEDS 1.3 40 BILLION PRIVATE PLACEMENT OF EQUITY JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY auGUST sePTEMBER OCTOBER nOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY auGUST sePTEMBER OCTOBER nOVEMBER DECEMBER 2010 $1.5 2011 BILLION DEBT FACILITY JULY PaRIS AIR SHOW ORDER JUNE CLOSED A $1.5 BILLION DEBT faciliTY 2 3 WE PROVIDE LEASING SOLUTIONS TO THE WORLd’s Our primary business is providing the world’s airlines with operating leases on new aircraft from the major commercial aircraft manufacturers. We are also a strategic partner to our airline customers and assist them in modernizing, AIRLINES. customizing, and maximizing the profitability of their fleets. We partner with the manufacturers by not only purchasing their high quality aircraft but by offering counsel on model specifications and configurations of future designs.
    [Show full text]
  • 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.
    [Show full text]
  • Monthly OTP July 2019
    Monthly OTP July 2019 ON-TIME PERFORMANCE AIRLINES Contents On-Time is percentage of flights that depart or arrive within 15 minutes of schedule. Global OTP rankings are only assigned to all Airlines/Airports where OAG has status coverage for at least 80% of the scheduled flights. Regional Airlines Status coverage will only be based on actual gate times rather than estimated times. This July result in some airlines / airports being excluded from this report. If you would like to review your flight status feed with OAG pleas [email protected] MAKE SMARTER MOVES Airline Monthly OTP – July 2019 Page 1 of 1 Home GLOBAL AIRLINES – TOP 50 AND BOTTOM 50 TOP AIRLINE ON-TIME FLIGHTS On-time performance BOTTOM AIRLINE ON-TIME FLIGHTS On-time performance Airline Arrivals Rank No. flights Size Airline Arrivals Rank No. flights Size SATA International-Azores GA Garuda Indonesia 93.9% 1 13,798 52 S4 30.8% 160 833 253 Airlines S.A. XL LATAM Airlines Ecuador 92.0% 2 954 246 ZI Aigle Azur 47.8% 159 1,431 215 HD AirDo 90.2% 3 1,806 200 OA Olympic Air 50.6% 158 7,338 92 3K Jetstar Asia 90.0% 4 2,514 168 JU Air Serbia 51.6% 157 3,302 152 CM Copa Airlines 90.0% 5 10,869 66 SP SATA Air Acores 51.8% 156 1,876 196 7G Star Flyer 89.8% 6 1,987 193 A3 Aegean Airlines 52.1% 155 5,446 114 BC Skymark Airlines 88.9% 7 4,917 122 WG Sunwing Airlines Inc.
    [Show full text]