Op-Ed Columnists – Page 7
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OpinionOPINION: Will a GECAS sale be ‘Guinness Peat 2.0’?
Over 20 years since Guinness Peat Aviation’s collapse became a defining moment in the aircraft leasing industry, the prospect of General Electric hiving off the world’s largest lessor, GECAS, could do the same.
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Opinion
OPINION: Lessors will be lenders of last resort in Turkey
Turkey is in the midst of a currency crisis as the lira continues to devalue. On 7 August the Turkish currency took a nosedive, falling 30% against the dollar.
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Opinion
OPINION: Eye-catching figures belie nuances of Farnborough deals
After last year's intolerable heat in Paris and Farnborough 2016's rainy deluge, the forecast for this year's major air show was sunny skies and mild temperatures – and for the most part the weather held up. The deal announcements, meanwhile, reflected the weather – the OEMs shone a bright light ...
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Opinion
OPINION: Aircastle's rating upgrades de-risk business
"We're pushing hard to get our friends at S&P to be where we think we should have been long ago," Aircastle chief executive Michael Inglese told investors on 13 February during an earnings call. "It's front and centre, and what we're focused on."
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Opinion
OPINION: Why 2018 is a seller's market – for now
Buying an aircraft at the right price is not proving an easy task in 2018.
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Opinion
OPINION: HNA might be a candidate for bailout
HNA Group is not the most cautious shopper. After a debt-fuelled spending spree on non-core assets in recent years, the Chinese group is facing a wall of debt maturities careening closer every day.
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Opinion
OPINION: Brexit's sterling impact still an issue for UK airlines
Brexit has proved much more difficult to navigate than its proponents indicated in marketing it to the British public. For the aviation industry, the challenges that Brexit presents are especially complex, with issues ranging from operator certificates to ownership thresholds.
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Opinion
OPINION: Funding costs suggest Avolon would benefit if HNA exited
Avolon seems mostly to have insulated itself against shareholder HNA Group, which is dealing with liquidity issues after a global spending spree over the past couple of years. But the lessor's cost of capital is rising rather than falling.
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Opinion
OPINION: FLY purchase of Asia Aviation will lead to sales
The sale of Asia Aviation Capital seemed like a challenge from the outset, but BBAM's purchase of AirAsia Group's leasing company's assets is nothing short of brilliant.
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Opinion
OPINION: Schuldscheins prove aviation's private potential
Aircraft financing has started to attract new investors in recent years, as part of the broader hunt for yield in which institutional investors have engaged since the global financial crisis.
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Opinion
OPINION: Sales activity suggests lessors are calling the peak
Dublin got its annual influx of aircraft financiers late last month when the community gathered for conference season in the Irish capital.
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Opinion
OPINION: First A380 sellers have the advantage
If Airbus does decide to end production of the Airbus A380, then the secondary market for the European manufacturer's flagship jet will likely favour the first sellers.
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Opinion
OPINION: Don't buy the rumours – HNA isn't selling Avolon
Rumours have been circulating within the aircraft leasing community that Avolon could be up for sale to raise liquidity for its shareholder, HNA Group – which has gone on a four-year international shopping spree, taking stakes in some 23 companies or real-estate investments over the past four years.
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Opinion
OPINION: Investors make Aergo pay up for first ABS
Debt investors are determined to make issuers pay up for additional risk in the aircraft asset-backed securities market, as highlighted in recent days by Aergo Capital's inaugural $605 million securitisation.
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Opinion
OPINION: Saudi Arabia's aviation prospects may exceed Iran's
The next Middle Eastern growth story was meant to be Iran. Over the past 18 months, many aviation financiers and investors have been eager to talk up the country's potential.
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Opinion
OPINION: Undisciplined lessors create a race to the bottom
Aircraft lessors are the victims of their own success, it seems. Attracted by the steady returns on offer, a wave of new lessors – particularly Chinese-backed vehicles – have entered the space over the last few years. But, in their efforts to grow, these new entrants have created unfavourable market ...
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Opinion
OPINION: Concerns set in amid the surge of liquidity
All appears well in aviation financing: liquidity is rife and bank margins the tightest in years.
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Opinion
OPINION: Where is the new money in aircraft finance?
A May 2017 survey by German asset manager KGAL found that "institutional investors' interest in aircraft leasing business is seeing a sharp rise due to the attractive ratio of risk to return".
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Opinion
OPINION: Surprising spate of Paris orders gives hope for the market
Despite worries about a quiet air show and ongoing challenges for the airframers, a spate of orders, including for the 737 Max 10, suggests that there is still plenty of life in the market
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Opinion
OPINION: Air-show orders dazzle but delivery figures truly count
For a sector at the cutting edge of technology, aviation has a fairly crude annual measure by which performance is judged.
