Aviation Finance provides a practical and analytical guide to the financial system behind the global aviation industry.
An aircraft is not simply a transportation asset. It can be a source of cash flow, collateral, investment return and structured financing. This book explains how that transformation takes place-from aircraft acquisition and valuation to leasing, debt financing, equity investment, structured finance and financial close.
The book examines the economics of airlines and aircraft as financial assets, the role of lessors and commercial banks, the allocation of risk between debt and equity, and the legal and contractual frameworks that protect investors and lenders. It also explores aircraft valuation, residual value, lease economics, airline credit risk, export credit and capital-market financing.
Rather than treating aviation finance as a collection of financial products, the book focuses on the economic logic connecting the aircraft, its operator, its cash flows, its risks and its capital structure.
It is designed for finance professionals, investors, bankers, airline executives, aircraft lessors, advisers and students who want to understand not only how aircraft are financed, but why particular financing structures work.