Aircraft leasing has taken on a greater role in recent years as airlines continue to seek ways to reduce costs and provide efficient operations for their passengers. Commercial aircraft are complicated and mobile machines that require a qualified level of expertise to understand and properly manage. Aircraft Financing and Leasing: Tools for Success in Aircraft Acquisition and Management provides researchers, industry professionals, and students with a thorough overview of the skills necessary for navigating this dynamic field.
The book details the industry’s foundational concepts, including aviation law and regulation, airline credit analysis, maintenance reserves, insurance, transaction cost modeling, risk management tools, such as fuel hedging, and the art of lease negotiations. Different types of aircraft are explored, highlighting their purposes, as well as when and why airline operators choose specific models over others. Aircraft Financing and Leasing: Tools for Success in Aircraft Acquisition and Management equips readers with the legal, financial and negotiation skills necessary for effective aircraft acquisition and leasing.
The book also covers important factors such as maintenance reserve development, modeling financial returns for leased aircraft, and appraising aircraft values. Each chapter features a detailed case study, applying concepts to actual industry circumstances. Aircraft Financing and Leasing: Tools for Success in Aircraft Acquisition and Management can be used as a stand-alone researchers or practitioner’s guide, or as a reference for senior undergraduate and graduate students.
- Presents the foundations of aircraft leasing and financing, including aviation law and regulation, airline credit analysis, maintenance reserves, insurance, transaction cost modeling, risk management tools, such as fuel hedging, and the art of lease negotiations
- Provides an overview of the different types of aircraft, their purposes, and when and why operators choose specific models over others
- Offers a blend of academic and professional views, making it suitable for both student and practitioner
- Serves as an aircraft finance and leasing reference for those starting their careers, as well as for legal, investment, and other professionals requiring industry-specific information
Aircraft Economics or Finance researchers, and senior undergraduate and graduate students. Industry professionals, such as airline executives, lawyers, investors, aircraft manufacturers, and those seeking career transition into aviation finance and leasing
- Overview of the Aircraft Leasing Industry and Market Environment
2. Aviation Legal and Regulatory Framework
3. Aviation Insurance
4. Aircraft Selection Strategy Basics
5. Principles of Aircraft Leasing versus Ownership
6. Airline Credit Analysis
7. Aircraft Funding – Debt, Equity and the Capital Markets
8. Leasing Portfolio Management and Risk Management
9. Principles of Maintenance Reserve Development and Management
10. Transaction Modeling for Aircraft Returns
11. Lease Negotiations
12. Appraising Aircraft Values
13. Business Jet Leasing and Financing
14. Considerations for Cross-Border Transactions
15. Taxation and Leasing
16. Engine Leasing and Financing
- No. of pages:
- © Elsevier 2019
- 1st October 2018
- Paperback ISBN:
Vitaly Guzhva is a Professor of Finance in the College of Business of Embry-Riddle Aeronautical University in Daytona Beach, FL where he teaches Aviation Finance. His current research includes analysis of airline bankruptcies, development of dynamic fuel and currency hedging strategies for domestic and international airlines, and investment performance of Aircraft lease agreements. Dr. Guzhva’s has been published in various journals, including Elsevier’s Journal of Air Transport Management, and Accident Analysis and Prevention.
Professor of Finance, College of Business of Embry-Riddle Aeronautical University, Daytona Beach, USA
Sunder Raghavan is a Christine and Lou Seno Distinguished Professor of Finance and Master of Science in Aviation Finance program coordinator in the College of Business of Embry Riddle Aeronautical University in Daytona Beach, FL. His research interests include fuel price hedging, exchange rate modeling, financial distress and bankruptcy, functioning of financial markets in India, and theoretical application of finance to the airline industry. Dr. Raghavan has been published in several journals, including Elsevier’s Journal of Air Transport Management, and has published two case study books in aviation.
Distinguished Professor of Finance and Master of Science in Aviation Finance Program Coordinator, College of Business of Embry Riddle Aeronautical University, Daytona Beach, FL, USA
Damon D’Agostino is the Chief Commercial Officer for CIT Aerospace, one of the world’s leading aircraft leasing companies, in New York, NY. Mr. D'Agostino is responsible for all aspects of the CIT Aerospace commercial strategy, including aircraft placements, airline marketing and sales, contract management and negotiation, and new aircraft acquisitions. His past work included global responsibility for marketing of CIT’s aircraft portfolio. Mr. D’Agostino is an active member of the International Society of Transport Aircraft Trading (ISTAT), and currently serves as chairman of the ISTAT Foundation.
Chief Commercial Officer, CIT Aerospace, NY, USA