Aircraft Leasing and Financing - 1st Edition - ISBN: 9780128152850, 9780128152867

Aircraft Leasing and Financing

1st Edition

Tools for Success in International Aircraft Acquisition and Management

Authors: Vitaly Guzhva Sunder Raghavan Damon D’Agostino
eBook ISBN: 9780128152867
Paperback ISBN: 9780128152850
Imprint: Elsevier
Published Date: 6th December 2018
Page Count: 526
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Description

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.

In addition, the book also covers important factors, such as maintenance reserve development, modeling financial returns for leased aircraft, and appraising aircraft values. Most chapters feature detailed case studies, applying concepts to actual industry circumstances. Users will find this an ideal resource for practitioners or as an outstanding reference for senior undergraduate and graduate students.

Key Features

  • Presents the foundations of aircraft leasing and financing, including aviation law and regulation, airline credit analysis, maintenance reserves, insurance, transaction cost modeling, and more
  • 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

Readership

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

Table of Contents

  1. 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. Considerations for Cross-Border Transactions
    14. Taxation and Leasing
    15. Engine Leasing and Financing

Details

No. of pages:
526
Language:
English
Copyright:
© Elsevier 2019
Published:
Imprint:
Elsevier
eBook ISBN:
9780128152867
Paperback ISBN:
9780128152850

About the Author

Vitaly Guzhva

Dr. Guzhva is a Professor of Finance in the College of Business of Embry-Riddle Aeronautical University where he teaches Aviation Finance courses. He holds BS in Aeronautical Engineering, MS in Military Science, MBA in Aviation, and Ph.D. in Finance degrees as well as the Chartered Financial Analyst (CFA) and Accredited Senior Appraiser (ASA) with an aircraft specialty designations. As a military and corporate pilot, Dr. Guzhva has logged more than 5,000 flight hours primarily in high-performance jet aircraft. Dr. Guzhva’s work appeared in various peer-review journals including Journal of Economics and Finance, Journal of Air Transport Management, Journal of Public Budgeting, Accounting and Financial Management, Transportation Research Record, Risk Management and others. Dr. Guzhva’s research related to the U.S. airlines’ losses following September 11, 2001, and the financial health of U.S. general aviation airports was widely discussed in national business and aerospace press. Dr. Guzhva is a professional member of multiple Finance and Aviation associations. His applied research and consulting projects included industry assessments and market analyses for major aircraft manufacturers, benefit-cost analyses of Operational Improvements for NextGen Air Transport Management system, assessments of major investments in aviation infrastructure, and others. His current research interests include analysis of airline bankruptcies, development of dynamic fuel and currency hedging strategies for domestic and international airlines and investment performance of Aircraft ABS and EETCs.

Affiliations and Expertise

Professor of Finance, College of Business of Embry-Riddle Aeronautical University, Daytona Beach, USA

Sunder Raghavan

Dr. Raghavan is a Professor of Finance, a Fulbright Scholar and an ISTAT U program coordinator in the College of Business at the Daytona Beach campus of Embry Riddle Aeronautical University. He received his PhD from Washington State University. His research interests are in the area of Aircraft Finance and Leasing, International Aviation Finance, Fuel Price Hedging, Exchange Rate Modeling, Financial Distress and Bankruptcy, Functioning of Financial Markets in Developing Countries and Theoretical Application of Finance to the Airline Industry. Dr. Raghavan has been published in various journals including Elsevier’s Journal of Air Transportation Management. He has authored two case study books in Aviation Finance. He has served as a consultant to the Reserve Bank of India (India’s Central Bank) and his report on the Corporate Bond Market Developments in India has been published by the Reserve Bank of India. He has served as an external thesis examiner for doctoral dissertations in Finance and has reviewed textbooks in Finance. Currently and as part of his Fulbright grant, Dr. Raghavan would be researching Innovative Aircraft Financing Methods used by Middle Eastern Airlines.

Affiliations and Expertise

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

Damon J. D’Agostino is President and CEO of Zephyrus Aviation Capital a leasing platform focusing on mid to late life aircraft. Prior to Zephyrus, he spent the majority of his career at CIT Aerospace, one of the world’s leading aircraft leasing companies. His last role at CIT was Chief Commercial Officer, where Mr. D'Agostino was responsible for all aspects of CIT’s commercial strategy and execution including aircraft sale and lease transactions, airline relationship management, contract negotiation, restructurings, and new aircraft and engine acquisitions. Prior to that role, he served as Chief Sales Officer, with global responsibility for marketing CIT’s owned and managed aircraft portfolio which, by 2017, exceeded 350 aircraft and was valued at eleven billion dollars. Starting his career in the early 1990s, Mr. D’Agostino has held a succession of sales and marketing roles and responsibilities with his personal transaction success including the sale, lease and financing of over 170 aircraft. Mr. D'Agostino is a graduate of Embry-Riddle Aeronautical University, where he received a Bachelor of Science Degree in Aviation Business Administration, with a concentration in Finance. He also received an MBA in International Business from the University of Miami where he was summa cum laude and valedictorian of his graduating class.

Affiliations and Expertise

President and CEO of Zephyrus Aviation Capital a leasing platform focusing on mid to late life aircraft.

Ratings and Reviews