Chinese aircraft lessors
are benefitting from this rapidly growing domestic market, and have pushed hard to capture more of it - 42% of Chinese aircraft deliveries have been lessor
-owned so far in 2017, up from 33% in 2012 The Chinese lessors
are also pursuing international expansion.
asset impairments remained low, averaging 0.
Because aircraft are constantly flying between borders and landing in different jurisdictions, there has always been a requirement for an international system to codify the rights which the lessor
and operator may have in the aircraft, and the Geneva Convention on the International Recognition of Rights in Aircraft 1948 ('Geneva Convention') went some way to developing an international system providing for the international recognition of rights in aircraft and for protecting property interests, defining orders of priority, and protection of consensual liens and mortgages.
Currently, lease accounting encompasses agreements that result in the eventual transfer of ownership of a leased asset from the lessor
to the lessee.
While there is a fair amount of homogeneity in the business models of aircraft lessors
, distinctions can be made between their leverage appetites and fleet profiles, in part informed by the ownership structure of the lessor
and the potential for strategic and/or financial support to be extended to the lessor
from the parent company.
M2 EQUITYBITES-August 10, 2015-Fitch announces aircraft lessor
Singapore - A pick-up in North America's aviation market is providing a boost for the leasing industry as demand from Southeast Asian airlines starts to slow, according to the head of BOC Aviation, Asia's second-biggest aircraft lessor
As the Financial Accounting Standards Board continues nits deliberations on the leasing project, some important issues have been raised about the proposed accounting models for both the lessor
and the lessee.
28) The unit must provide funds prior to presenting the lease to the lessor
Equipment leasing, to put it simply, is the means by which one party, the lessor
, lays out a capital sum for the acquisition of an asset, and another person, the lessee, uses that asset and in return pays a fee including rent, to the lessor
Tinkham represented the lessor
and assisted the lessee in the lease negotiation.
Jeffrey Rosenberg and Trevor Patterson of Grubb & Ellis Company represented the lessor
in this transaction.