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Aircraft Leasing and Financing
Tools for Success in International Aircraft Acquisition and Management
- 2nd Edition - June 21, 2024
- Authors: Vitaly Guzhva, Sunder Raghavan, Damon J. D’Agostino
- Language: English
- Paperback ISBN:9 7 8 - 0 - 4 4 3 - 1 5 3 7 3 - 0
- eBook ISBN:9 7 8 - 0 - 4 4 3 - 1 5 3 7 4 - 7
Aircraft Financing and Leasing: Tools for Success in Aircraft Acquisition and Management, Second Edition provides students and industry professionals with unique insights into the… Read more
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Request a sales quoteAircraft Financing and Leasing: Tools for Success in Aircraft Acquisition and Management, Second Edition provides students and industry professionals with unique insights into the latest developments in the Commercial Aircraft and Engine Leasing and Financing industry that has grown into one of the most distinctive and important industries globally. This book offers a blend of academic and professional views that make it educational and relevant to the everyday operations of the industry. It can be used as a stand-alone textbook as well as a practitioner's guide.
Given the impact of the COVID-19 virus on airlines around the world, the industry has experienced substantial changes since the first edition was published. This second edition is thoroughly revised and includes some new case studies and an entirely new chapter on Environmental Considerations with Respect to Aviation Finance.
Aircraft Financing and Leasing details the industry’s foundational concepts, including aviation law and regulation, airline credit analysis, maintenance reserve development, insurance, transaction cost modeling, risk management tools such as asset and credit diversification, and the art of lease negotiations. Different types of aircraft are explored, highlighting their purposes, as well as when and why airline operators and investors choose specific models over others. In addition, the book covers important factors such as modeling financial returns for leased aircraft and appraising aircraft values.
Users will find this an ideal resource for practitioners or as an outstanding reference for senior undergraduate and graduate students.
- Includes a new chapter on Environmental Considerations with Respect to Aviation Finance as well as updates throughout to reflect changes in the industry, particularly due to COVID-19
- Utilizes case studies in each chapter—real-life examples that will help the readers apply newly learned concepts to real problems of the industry
- Highly illustrated with text boxes for examples and real-world applications; graphs, charts, tables, diagrams, flow charts, photos, maps; and examples of forms
- Offers a blend of academic and professional views, making it suitable for both student and practitioner
- Serves as an aircraft finance and leasing reference for those starting their careers, as well as for legal, investment, and other professionals
Senior undergraduate and graduate students studying Aircraft Leasing and Financing; Industry professionals who are using the book as a reference and required reading for junior associates in Aviation Finance, Law, and Asset Management
1. Overview of the Aircraft Leasing Industry and Market Environment
2. Principles of Aircraft Selection
3. Principles of Aircraft Leasing versus Ownership
4. Aviation Legal and Regulatory Framework
5. Aviation Insurance and the Impact on Risk Management
6. Aircraft Funding – Debt, Equity, and the Capital Markets
7. Environmental Considerations with Respect to Aviation Finance
8. Airline Credit Analysis
9. Leasing Portfolio Management and Risk Management
10. Principles of Maintenance Reserve Development and Management
11. Transaction Modeling
12. Lease Agreement and Negotiations
13. Aircraft Valuation and Appraisal
14. Taxation and Considerations for Cross-Border Transactions
15. Engine Leasing
2. Principles of Aircraft Selection
3. Principles of Aircraft Leasing versus Ownership
4. Aviation Legal and Regulatory Framework
5. Aviation Insurance and the Impact on Risk Management
6. Aircraft Funding – Debt, Equity, and the Capital Markets
7. Environmental Considerations with Respect to Aviation Finance
8. Airline Credit Analysis
9. Leasing Portfolio Management and Risk Management
10. Principles of Maintenance Reserve Development and Management
11. Transaction Modeling
12. Lease Agreement and Negotiations
13. Aircraft Valuation and Appraisal
14. Taxation and Considerations for Cross-Border Transactions
15. Engine Leasing
- No. of pages: 550
- Language: English
- Edition: 2
- Published: June 21, 2024
- Imprint: Elsevier
- Paperback ISBN: 9780443153730
- eBook ISBN: 9780443153747
VG
Vitaly Guzhva
Dr. Guzhva is a Professor of Finance in the College of Business of Embry-Riddle Aeronautical University, where he teaches Aviation Finance courses. He holds a BS in Aeronautical Engineering, MS in Military Science, MBA in Aviation, and Ph.D. in Finance. He has logged more than 5,000 flight hours as a military and corporate pilot. His work appeared in various peer-reviewed journals, and his research related to the United States' airlines' losses following September 11, 2001, and the financial health of United States general aviation airports was widely discussed in the national business and aerospace press. His applied research and consulting projects included industry assessments and market analyses for major aircraft manufacturers, benefit-cost analyses of Operational Improvements for NextGen Air Transport Management systems, assessments of major investments in aviation infrastructure, and others. His current research interests include analysis of airline bankruptcies, aviation data monetization strategies, and investment performance of Aircraft ABS and EETCs.
Affiliations and expertise
Professor of Finance, College of Business of Embry-Riddle Aeronautical University, Daytona Beach, USASR
Sunder Raghavan
Dr. Raghavan is a Professor of Finance, a Fulbright Scholar, and an ISTAT U program coordinator at the College of Business at Embry-Riddle Aeronautical University. He received his Ph.D. from Washington State University and is an Accredited Senior Appraiser (ASA) with an aircraft specialty designation. His research interests include aircraft finance and leasing, international aviation finance, fuel price hedging, exchange rate modeling, financial distress and bankruptcy, functioning of financial markets in developing countries, and theoretical application of finance to the airline industry. He has published in various journals, including Elsevier's Journal of Air Transportation Management. He has authored two case study books in aviation finance. He has served as a consultant to the Reserve Bank of India. Dr. Raghavan has international teaching and research experience in the United States, Canada, China, India, and the Middle East. As part of his Fulbright grant, he researched innovative aircraft financing methods used by Middle Eastern Airlines.
Affiliations and expertise
Distinguished Professor of Finance and Master of Science in Aviation Finance Program Coordinator, College of Business of Embry Riddle Aeronautical University, Daytona Beach, FL, USADD
Damon J. D’Agostino
Damon J. D'Agostino is a Co-Founder and the President and CEO of Zephyrus Aviation Capital, a leasing platform focusing on young to mid-life aircraft. He previously spent the majority of his career at CIT Aerospace, one of the world's leading aircraft-leasing companies. His last role at CIT was chief commercial officer, where he was responsible for all aspects of' CIT's commercial strategy and execution, including aircraft sale and lease transactions, airline relationship management, contract negotiation, restructurings, and new aircraft and engine acquisitions. Prior to that role, he served as chief sales officer. D'Agostino is a graduate of Embry-Riddle Aeronautical University, where he received a Bachelor of Science Degree in Aviation Business Administration, with a concentration in Finance. He also received an MBA in international business from the University of Miami, where he was summa cum laude and valedictorian of his graduating class.
Affiliations and expertise
President and CEO, Zephyrus Aviation Capital, FL, USARead Aircraft Leasing and Financing on ScienceDirect