Tue, Sep 20, 2011
Money People See A Robust Traffic Numbers, Fleet Upgrade
The people and companies who put up money for the purchase or
lease of airliners seem to be at least cautiously optimistic about
a return on investment in new, quieter, fuel efficient
The buzz at the meeting of the International Society of
Transport Aircraft Trading, being held this week in Barcelona,
Spain, is that airlines are poised to rebuild their fleets with
newer, more efficient airplanes in an effort to increase their
bottom lines. They cite as examples recent announcements from
American, Delta, and Air France-KLM for the purchase of hundreds of
new airliners from Boeing and Airbus. The Wall Street
Journal reports that John Plueger, president of Air Lease
corporation, said that "demand for new aircraft over the next
several years is exceeding supply."
Domhnal Slattery, CEO of the Irish leasing company Avolon
Aerospace Leasing, said interest rates at "extraordinarily low"
levels will also have a positive effect on the industry, and should
offset the increased cost of government guarantees.
An executive of Germany's DVB Bank SE said that there will
likely be a squeeze on re-financing older airplanes, as many of the
best deals are for purchase of new equipment. That means older
planes may be retired sooner than they might have otherwise, and
their value may be written down by airlines and leasing companies
sooner than they had anticipated.
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