Aircraft Leasing and Financing

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.

• 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

Auteur

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.

Contenu

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