Aerospace and Finance
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Financial outlook for airlines is good

Financial outlook for airlines is good | Aerospace and Finance | Scoop.it
Good news for the airline industry: The International Air Transport Association (IATA) announced an upward revision to its industry financial outlook. For 2013
Pierlag14's insight:

Since 2012, the industry has experienced increasing profits. The IATA forecasts higher profits in 2014 thanks to the improvements the airlines have implemented in terms of operations but also thanks to the relatively low fuel prices, which represent an non-negligible part of airlines' costs. 

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How new export credit rules will change aircraft finance

For more than a year we knew it was coming but now the 2011 Aircraft Sector Understanding (ASU) has started to take effect, everyone is still wondering...
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Emirates Mulls Sukuk for $4.5 Billion in Planes: Islamic Finance

Emirates Mulls Sukuk for $4.5 Billion in Planes: Islamic Finance | Aerospace and Finance | Scoop.it
Emirates, the world’s biggest airline by international passenger traffic, is considering the sale of Islamic bonds as it seeks to raise $4.5 billion in the financial year starting April 2014 to pay for planes.
Pierlag14's insight:

Shariah-compliant bond market is also a fund of financing for aircrafts and above all for companies from the Middle-East such as Emirates. The air carrier currently needs to finance the purchase of 119 aircrafts deliveries. 

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EADS to Adopt Airbus Name to Reflect Aircraft Unit’s Role

EADS to Adopt Airbus Name to Reflect Aircraft Unit’s Role | Aerospace and Finance | Scoop.it
European Aeronautic, Defence & Space Co. will adopt the Airbus name for the entire group to reflect the dominance of commercial aircraft and plans to combine defense and space operations to help weather shrinking demand.
Pierlag14's insight:

Airbus, which is only one of the 4 subsidiaries of the EADS group, represented a large proportion of EADS' total sales in 2013. Thanks to the very good performance of Airbus, it gives the group a strong name to keep on competing against its major rival: Boeing. But it is also a sign of restructuration for the company which faces decline in revenues from its defense and security divisions due to the curent budget restrictions in the EU. 

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pwc-aviation-finance-fastern-your-seat-belts-pdf.pdf

Pierlag14's insight:

An interesting report about aircraft finance forecasts for 2013 and next years. For airlines, finding new sources of financing for their operational needs will be a major challenge. However, new players from Asia are entering the sector and will replace the Western banks which currenlty face difficulties. One the most dynamic airlines are from Asia (Singapore Airlines, Emirates, Qatar Airways, Cathay Pacific) and it is logical to see Asian banks finance aircrafts purchases. 

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brochure.pdf

Pierlag14's insight:

2014 will be a good year for aircraft financing. New fuel-efficient airplanes as Boeing 737max and Airbus A320neo make the primary aircraft market dynamic due to highly volatile fuel prices. Aircraft financial costs are at historically low levels and it might boost orders for new aircrafts. However, what is important to notice is the lower reliance on Export Credit Agencies in 2014 for aircraft manufacturers. It is mainly due to the Aircraf Sector Understanding (for more information see my Scoop: "How New Export Credit Rules Will Change Aircraft Finance"). The effect should be lessend by a bigger reliance on capital markets and leasing. 

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Ryanair turns customer-friendly on Easyjet threat

Ryanair turns customer-friendly on Easyjet threat | Aerospace and Finance | Scoop.it
Budget airline Ryanair has announced a raft of improvements in a bid to keep up with its main rival easyJet, chief executive Michael O'Leary said.
Pierlag14's insight:

Interesting interview of the Ryanair's CEO Michael O'Leary who talks about the improvements Ryanair is going to implement to become a customer-friendly budget airline. Those changes come after a decline in profits forecasts growth because of the rough competition from other low-cost carriers such as Easyjet. 

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pwc-commercial-aircraft-industry-future-report.pdf

Pierlag14's insight:

The US aircraft industry is in good health and will keep on leading the sector for decades along with Europeans. Both benefit from government subsidies and dynamic domestic and international markets. 

The US dollar remain the industry's most used currency for deals and the US aircraft industry has a know-how and a wide network of suppliers that emerging countries will take years to equal.

A major threat for the US aircraft industry would be the implantation of foreign competitors in the US territoty such as the EADS' A320 final assembly line in Mobile, Alabama. 

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