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Is there anyone out there?

19 October 2008

With markets in turmoil, Airfinance Journal spoke to two leading aircraft finance banks.

Read more: Christian McCormick Natixis Transport Finance Jose Abramovici Calyon export credit

The aircraft finance market has never been so quiet. While markets and banks tumble, airfinance bankers are just watching to see what happens.

The last three months of the year are typically frantic for manufacturers and financiers. This year the opposite will be true. The Boeing strike could not have come at a better time.

At a time when banks are not confident lending to each other overnight, you cannot blame them from being cautious about arranging longer-term finance. Even so, aircraft are still being delivered and airlines need finance. Manufacturers and export credit agencies will provide a lot of cash, but banks will be a key source of finance for the world's airlines.

These are tough times for aircraft finance bankers. There has probably never been a time when so many banks have had new chief executives, and heads of aircraft finance will need to convince them that aviation...


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“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

Kostya Zolotusky, managing director, capital markets, Boeing Capital, says about the price of export credit.

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