Op-Ed Columnists – Page 7
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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.
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Opinion
OPINION: Who's afraid of the three Cs?
Concerns that aircraft leasing is headed for a downturn appear to have given way to a more immediate challenge for the industry: cheap Chinese capital, or the three Cs.
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Opinion
OPINION: S&P's actions on ECAF are much ado about nothing
In February, ratings agency S&P Global put Element's 2015 asset-backed securities deal (ECAF 2015-1) on "CreditWatch negative", usually the precursor to downgrading a deal. Since then, there has been a lot of buzz about what this means for the securitisation market.
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Opinion
OPINION: Alitalia's management will be judged on implementation
Bloomberg's 24 March report that the Italian government was consdering emergency financing for Alitalia to aid the flag carrier's latest rescue plan was hardly a surprise.
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Opinion
OPINION: Does Asia Aviation Capital make sense for Korean money?
Korea Transport Asset Management (KOTAM) is in pole position to acquire AirAsia's leasing arm Asia Aviation Capital for roughly $900 million, Reuters has reported.
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Opinion
OPINION: Financiers should prepare for downturn despite buoyancy
Aviation downturns are tough to predict. They're usually caused by an exogenous shock that makes people not want to board aircraft.