Aviation industry-research in aircraft finance
ISBN
978-3-86955-289-7
Type
book
Date Issued
2010
Author(s)
Ehrenthal, Joachim C.F.
Abstract
Aircraft values are key to aircraft financing decisions: Aircraft values act as a source of security for providers of debt capital and lessors failing to re-place aircraft, and as a source of upside potential to equity investors.
Yet, aircraft values cannot be precisely and continuously monitored. This is because neither actual primary nor secondary aircraft transaction prices are disclosed. Various types of third party valuation estimates exist, but relying solely on third party appraisals seems insufficient considering the volumes and durations of aircraft financing arragments.
The author thus proposes an aviation industry-reseach framework to opine on aircraft values. The framework is based on extensive research on the role of aircraft values in various current financing techniques and the dynamics of aircraft values. It suggests a combination of aircraft analysis, airline analysis and behavioral analysis to complement third party appraisals.
The book is designed as a resource for students in business administration and economics and offers a scientific perspective on aircraft values for financial analysts, aviation consultants and airline financial managers.
[http://www.cuvillier.de/flycms/de/html/30/-UickI3zKPS72dU0=/Buchdetails.html Link to publisher's website]
Yet, aircraft values cannot be precisely and continuously monitored. This is because neither actual primary nor secondary aircraft transaction prices are disclosed. Various types of third party valuation estimates exist, but relying solely on third party appraisals seems insufficient considering the volumes and durations of aircraft financing arragments.
The author thus proposes an aviation industry-reseach framework to opine on aircraft values. The framework is based on extensive research on the role of aircraft values in various current financing techniques and the dynamics of aircraft values. It suggests a combination of aircraft analysis, airline analysis and behavioral analysis to complement third party appraisals.
The book is designed as a resource for students in business administration and economics and offers a scientific perspective on aircraft values for financial analysts, aviation consultants and airline financial managers.
[http://www.cuvillier.de/flycms/de/html/30/-UickI3zKPS72dU0=/Buchdetails.html Link to publisher's website]
Language
English
Keywords
aircraft finance
transportation finance
aircraft valuation
HSG Classification
contribution to scientific community
Refereed
No
Publisher
Cuvillier
Publisher place
Göttingen
Start page
71
Subject(s)
Eprints ID
61394
File(s)![Thumbnail Image]()
Name
Ehrenthal_Aviation Industry-Research in Aircraft Finance_Contents.pdf
Size
30.59 KB
Format
Adobe PDF
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