private aircraft charter companies nigeria

private airlines in nigeria

aircraft charter services in nigeria

Cost of hiring a private jet in nigeria

Hire a private jet cost

Private aircraft charter nigeria

How much to park a private jet in nigeria

Private jet charter price in Nigeria

Private jet charter companies in nigeria

private jet price

private jet for sale in nigeria
private jet charter abuja
how much is private jet charter from lagos to abuja
hire a private jet cost
cost of private jet charter
Private jet terminal abuja
How much to buy a private jet in naira
Aviation Blog

Leasing firms buy more planes than ailing airlines for first time – Reuters

CEO of Air Lease Corp. Steven Udvar-Hazy (L) rings the New York Stock Exchange bell alongside CEO of Boeing Commercial Airplanes Ray Conner (R) at the Farnborough Airshow 2012 in southern England July 9, 2012. REUTERS/Luke MacGregor/File Photo
LONDON, Sept 20 (Reuters) – Aircraft leasing companies are for the first time buying more of the world's passenger planes than airlines after the pandemic clobbered carriers around the world, senior industry executives said on Monday.
The historic shift, following decades of gradual growth, is down to leasing giants being able to access cheaper financing than carriers in another sign of the financial woes facing much of the airline industry, they said.
Aircraft lessors, who buy planes from manufacturers like Airbus SE (AIR.PA) and Boeing Co (BA.N) and lease them on to airlines, had accounted for around 40-45% of aircraft deliveries before the pandemic, said industry pioneer Steven Udvar-Hazy.
"Leased content has grown to around 60% of deliveries," Udvar-Hazy, executive chairman of lessor Air Lease Corp (AL.N), told the Airline Economics conference in London.
Udvar-Hazy, who said he remembered the sector providing finance for just 1% of deliveries when he helped pioneer the industry in the early 1970s, said it was hard to say if the number could go higher.
"It's in a range now that is probably a good equilibrium for the industry," he told Reuters. "I never thought it would get to 50% or even 40%."
As the industry recovers, airlines may recover the ability to get the financing on their own, he added.
A senior executive for larger rival AerCap (AER.N) agreed that the leasing sector was now responsible for financing a majority of new passenger jet deliveries, financing somewhere between 50% and 60%.
"Going into COVID, we were always 'will we ever get to 50%?' and we've blown through that," AerCap Chief Commercial Officer Peter Anderson told Reuters, adding he thought the new level was sustainable.
Udvar-Hazy said the 60% number included sale-and-leasebacks, finance leases and operating leases.
He said the industry's manufacturing duopoly of Airbus and Boeing were comfortable with the shift in power from the airlines to the leasing companies.
"It's much better for Airbus to have a financially capable buyer," he said. "The leasing industry has the capital to show up at delivery and actually take delivery."
Some lessors are paying under 2% for finance compared with over 4% for some of the largest airlines in the United States and Europe, Udvar-Hazy told the conference, the first major gathering of leasing sector since the pandemic hit.
Our Standards: The Thomson Reuters Trust Principles.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Britain's aviation regulator said that Heathrow, the country's busiest airport, will not be permitted to increase passenger charges as much as it had wanted, as the hub and its airlines vie against each other to recover pandemic losses.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Information, analytics and exclusive news on financial markets – delivered in an intuitive desktop and mobile interface.
Access to real-time, reference, and non-real time data in the cloud to power your enterprise.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved

source

Did you like this? Share it!

© West Link Airlines Limited.| All Rights Reserved. | Site Developed by Globe Boss SEO