Air Finance Journal
July/August 2008 -

2008 Operating Lease Survey: Preparing for a downturn
While the world suffers an economic crisis of confidence, lessors have made crucial moves to ensure their funding is maintained. Janet Du Chenne reports.
It was more than a year ago when subprime mortgage lenders in the US hit the financial wall. Although the Federal Reserve and the companies which invested in these subprime structures began to prepare for the worst, the implications for aviation were still in the pipeline.
The impact on the industry might have been further delayed had the demand for fuel not forced the cost of the commodity to unprecedented high levels. But as the increased cost of borrowing and fuel began to take their toll, flights were scrapped from consumers' budgets and airlines responded by cutting capacity.
Despite these moves, the operating lessors kept their cool. After all, one of them had closed the most innovative portfolio securitization of the year,......

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Title: Air Finance Journal - July/August 2008
Approximate Word Count: 12624
Approximate Pages: 51 (250 words per double-spaced page)

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