The world’s aircraft leasing industry appears to have weathered the proverbial storm of the global recession and now looks well positioned to exploit aircraft placement opportunities in markets such as China, in particular. However, such opportunities won’t come without their challenges, according to some of the leasing company bosses who appeared at this spring’s International Society of Transport Aircraft Traders (ISTAT) conference.
Avantair now offers leasing of fractional shares of Piaggio Avanti turboprops. The new Axis lease program allows buyers to lease a share of a fractional Avanti; this is a true lease, not a block-charter program.
The market for business aircraft in India is wide open and set to grow at a rate of about 13 percent each year over the next decade, according to Alok Wadhawan, a manager with the structured finance division of South African bank Investec.
Members of the Florida Aviation Trades Association learned recently that the Third District Court (Miami) has issued a ruling that will significantly affect the recourse available to the maintenance industry when faced with a non-paying customer.
Previously, a repair facility could put a lien on the aircraft when it perceived the customer would not pay the bill regardless of who was in possession of the aircraft.
At a time when some see business aviation as an unnecessary extravagance, a new study sponsored by NBAA, the General Aviation Manufacturers Association and others has concluded that over a broad range of uses, business aircraft can materially benefit shareholders.
In a letter to USA Today, NBAA president Shelley Longmuir said the newspaper’s August 5 article on corporate aviation ignored the “demonstrated and over-arching benefits” of business aviation.
Buying an aircraft can be a daunting task. Unless a company or individual has deep pockets, it will inevitably require either leasing with an option to buy or financing a purchase. Even if paying in cash is an option, doing so can be problematic. Dave Labrozzi, senior v-p and general manager of Danbury, Conn.-based GE Corporate Aircraft Group, explained the difference between leasing with an option to buy and outright purchase.
LET’S DO THE NUMBERS . . .
You know an aviation convention or airshow has arrived when exhibitors and others start planning months in advance to consummate and announce deals at the event. By this measure, EBACE has not only arrived, it’s here to stay.
Many business gurus believe knowledge is power, but the ability to transform that wisdom into action is the real measure of success. With just that goal in mind, 17 general aviation business leaders–CEOs, presidents, CFOs and operations managers–gathered at Northwestern University’s Transportation Center recently for the Strategic Management for Aviation Service Firms conference.
The acquisition costs of the three diagnostic systems assessed above vary markedly, but what is the annual cost of ownership to operators? To calculate this, AIN assumed a three-year amortization of the purchase price for the VitalLink and Tempus systems (EMS-Link is leased).