Copying and distributing are prohibited without permission of the publisher
STAYING PUT... FOR NOW
01 April 2007
It has been four years since Jeffrey Knittel, president of CIT Aerospace, spoke to Airfinance Journal. As CIT group approaches its centenary, its lessor wing has its own reasons to celebrate. Natasha Yazdabadi reports.
Read more:
CIT
The airline industry is unpredictable. Last year saw bullish aircraft purchases by airlines in Asia. Before that, post-9/11 passenger numbers had slumped and bankruptcies hit US airlines hard.
Now India is reviewing the levels of growth it can support after tales of consolidation and empty passenger seats filled the air. The industry to reaching full circle and the US is in a position to succeed as airlines exit Chapter 11. But as aircraft orders continue, they are not getting any cheaper.
Airlines would much rather lease than buy in this cyclical industry, and lessors know it.
"My advice to a new lessor starting in the industry would be: sell all your assets to CIT," laughs Jeffrey Knittel, president of CIT Aerospace.
On a serious note, Knittel agrees that aircraft leasing is a dynamic growth business. "I think there are a number of opportunities for the lessor community going forward given the macroeconomic growth in...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
