Aircraft Lessors to Support $75 Billion of Demand This Year
Financial innovation by aircraft lessors is keeping the sector buoyant, according to global aviation specialist Ascend , as it prepares to address the industry.
Ascend's Head of Risk Advisory Paul Sheridan says a massive US$75 billion of aircraft demand this year is opening up new financing options and driving competition among new entrant lessors across the commercial aviation industry.
Together with the highest calibre experts from across the industry globally, Ascend analysts will debate the financial markets and leasing prospects for aviation, in San Francisco for two days from 30 November. Senior executives from Goldman Sachs, Boeing, Guggenheim Partners, Boeing, Virgin America, United Airlines and Credit Agricole, among many others, will explore the opportunities and developments in the investment and leasing landscape, as the industry recovers.
According to Sheridan, "Increasing production rates mean the amount of finance required for new aircraft deliveries will rise by around 40% over the next five years. In this high growth cycle, lessors play a key role as vital sources of both capital and innovation.
"With the asset-backed security markets closed for now and bank markets contracting, leasing companies have been forced to alter their models as they look to new sources for financing. The importance of this cannot be understated, as the success or failure of a lessor depends as much on its access to finance as its ability to buy and manage aircraft. The challenge for leasing companies today is magnified by their requirement to finance older aircraft as well as new deliveries."
Aviation 2020: The conversation
Ascend's premier North American conference invites the industry to take an in-depth view on:
New business models for the new aviation cycleInflation's impact on the aviation sectorBenchmarking new leasing platformsThe outlook for aircraft residual valuesWhat investors are looking for when they look at aviation
Insight and debate at the conference will be spurred on by industry experts, including conference speakers:
Anthony Mosse, VP and treasurer, Virgin AmericaArnaud Fiscel, Head of Aviation, Barclays CapitalRandy Tinseth, VP of Marketing, Boeing Commercial AirplanesDan Stone, Senior VP and Aviation Analyst, HSH NordbankDavid Andrews, Executive VP, PIMCOSteve Rimmer, CEO, Guggenheim PartnersGerry Laderman, Senior VP, United AirlinesGregory P. Lee, Managing Director, Goldman SachsJohn Slattery, Senior VP, EmbraerJohn Willingham, CEO, Macquarie AirFinanceLeo Burrell, MD, Credit AgricoleYugo Fukuhara, Marketing Director, Mitsubishi Regional Jet
For a full list of speakers and the full conference agenda or to register for this event, please click here: http://www.ascendworldwide.com/conferences/sanfrancisco/index.php
ENDS
About Ascend
Ascend ( www.ascendworldwide.com ) is the world's principal provider of data, analytics and advisory services to investors in aerospace. Its global team advises on aviation investment strategies to maximise returns and generate proven investment results. For over four decades, Ascendhas supplied the most reliable, trusted and up-to-date aviation industry information and insight available anywhere.
Offerings include: aviation data; aircraft and engine valuations and appraisals; and consultancy solutions.
From financiers andlessorsto aircraft manufacturers, operators and suppliers, the aviation industry relies on Ascend to help make informed decisions and capture new opportunities.
In June 2011 Ascend was bought by Reed Business Information and forms part of the Flightglobal offering.
Ascend is based in London with offices in New York, Hong Kong and Tokyo.
Copyright 2011 Business Wire, Inc.
