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How the new lessors have fared
31 March 2009
As David Veal and John Kinghorn announce the launch of a new leasing company, two other recent start ups, Titan Leasing and Sahaab Leasing, talk about their early experiences.
Read more:
[Titan Leasing]
[Sahaab Leasing]
[KV Aviation]
[Ray Sisson]
[Mark Elliott]
[David Veal]
The height of the worst financial crisis to hit the global economy since the Great Depression may not seem the ideal time to launch an aircraft leasing company. With credit everywhere tightening and aviation inevitably entering a downturn, many would have shelved plans for a new venture.
Not so those behind Titan Leasing, based in Dublin, Ireland, and Sahaab Leasing, based in Kuwait, both of which started around October 2008, just after Lehman Brothers collapsed and AIG was rescued by the American government. While acknowledging the challenges they faced, both recognised opportunities in the carnage.
“If I had to pick a time in the market to start a leasing company, this would be the time,” says Ray Sisson, president and CEO at Titan. He does add a key caveat: provided you have a strong parent company backing you. Behind Titan stands Atlas Air Holdings Worldwide, an established American freight handler...
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