Aircraft Financing

5th Auflage
ISBN: 978-1-5265-1972-6
Verlag: Bloomsbury Academic

Buch, Englisch, 456 Seiten, Paperback, Format (B × H): 156 mm x 246 mm, Gewicht: 703 g

Aircraft are mainly bought by two groups of buyers:

1. Airlines for their own use
2. Operating lessors for onward leasing to airlines
Both groups of buyers require substantial external funding, both debt and equity, to accommodate these purchases.

Historically five key sources have funded the aviation industry:

1. bank debt (secured and unsecured)
2. export credit agency guaranteed debt (secured)
3. capital markets (secured and unsecured bonds; equity and debt solutions)
4. internal cash flow generation
5. tax based leasing products

This is the leading text providing guidance on all the funding options available, the best way to secure funding and how to ensure that robust legal structures framing the commercial deal are in place.

The book is divided into four core sections:

Part A: Market Context which sets the scene giving the user market context and an overview of aircraft financing
Part B: Transaction structuring which looks at the credit, the asset, the legal structuring and tax drivers
Part C: Core Products and Regional Markets (Brazil, Russia, India, China, France, Germany, Spain and Japan)

Part D: Regulatory Matters including accounting developments

Key updates for the new Fifth Edition include:

- New chapters on:

- The environment
- Restructuring
- Compliance
- GATS (Global Aircrafts Trading Systems (GATS)
- Full explanation and analysis of recent regulatory changes including changes brought about by Basel IV

Due to the complexities involved in this area and the need to ensure that any commercial deal is legally sound Aircraft Financing is the essential reference tool for anyone involved in aircraft financing transactions.

This title is included in Bloomsbury Professional's Banking and Finance Law and Irish Banking and Finance Law online services.

Autoren/Hrsg.

Murphy, Rob

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Rechtswissenschaften Recht, Rechtswissenschaft Allgemein
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Fertigungsindustrie Luftfahrtindustrie
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing

Inhaltsverzeichnis

PART I: MARKET CONTEXT
Chapter 1: Aviation Finance Introduction, Raymond Sisson

Chapter 2: Overview of Aircraft Financing Markets, José Abramovici

Chapter 3: Aircraft Capital Markets, Zarrar Seghal and Madalyn Miller

PART II: BUSINESS MODEL - KEY ELEMENTS
Chapter 4: Aircraft as Investments, Dick Forsberg

Chapter 5: Legal Issues in Aircraft Finance, Rob Murphy

Chapter 6: Cross-border Aircraft Leasing: Key taxation considerations, Joe O'Mara
Chapter 7: In-House Valuation: Lessor perspectives, Randy Nightingale
Chapter 8: Risk in Aviation Finance, Arthur Gaskin
Chapter 9: Environmental Issues and the Aviation Industry, Rob Murphy and Fintan Kerins

PART III: CORE PRODUCTS AND REGIONAL MARKETS
Chapter 10: Export Credit Financing, Jeffrey Wool and William Coleman
Chapter 11: Operating Leasing: Lessor perspectives, Rob Murphy

Chapter 12: A Lessee's Guide to Aircraft Leasing, Michelle Johnson

Chapter 13: Pre-delivery Payments Financing, Rob Murphy

Chapter 14: Regional Markets
14(a) - Brazil, Edward Sheard and Fabio Falkenburger

14(b) - Russia, Mikhail Loktionov and Alexey Tokovinin

14(c) - India, Marylou Bilawala and Tax-Gautam Nayak

14(d) - China, Wang Ling and Wang Ning

14(e) - Germany, Konrad Schott

14(f) - Japan, Paul Greenwell and Akihiko Takamatsu

Chapter 15: Islamic Finance, William Coleman

Chapter 16: Insurance Considerations, Glen Brighton

Chapter 17: Regional markets: Aircraft repossession, Melissa Whybrow

Chapter 18: Global Aircraft Trading System (GATS), Dominic Pearson

Chapter 19: Airline Restructurings, William Glaister, Philip Hertz, Jennifer DeMarco, Gabrielle Ruiz and Marisa Chan

PART IV: REGULATORY MATTERS
Chapter 20: The Regulatory Framework for Airline Operations, Alan Ryan

Chapter 21: International Conventions Affecting Aircraft Financing Transactions, Laura Cunningham and Domhnall Breathnach

Chapter 22: Basel III and IV: The regulatory framework, Brendan Wallace

Chapter 23: Accounting Developments in Aircraft Finance, Killian Croke and Niamh Broder
Chapter 24: Aircraft Financing: The compliance universe, Rob Murphy and Fintan Kerins

Über Autor(innen)

Murphy, Rob
Rob Murphy is an aviation law specialist with considerable international experience.

Previously Rob held the position of Chief Operating Officer and General Counsel at CDB Aviation. He started his career at GPA Group and previously was a partner at Freshfields Bruckhaus Deringer where he led the global aviation and asset finance team and the global aviation sector group focused on aviation clients. Rob also acted as lead external counsel to the Aviation Working Group.

Rob Murphy is a market leader with considerable international aviation experience. Previously Rob held the position of Chief Operating Officer and General Counsel at CDB Aviation. He started his career at GPA Group and previously was a partner at Freshfields Bruckhaus Deringer where he led the global aviation and asset finance team and the global aviation sector group focused on aviation clients. Rob also acted as lead external counsel to the Aviation Working Group.