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Airbus reveals 2012 financing strategy
17 January 2012
Reporting from Airbus New Year Press Conference, held in Hamburg, John Geddie looks at the manufacturer’s financing plans for the year ahead.
Export finance has been one of the stable financing instruments for airlines since the onset of the financial crisis. It presently accounts for around 30% of all aircraft finance, with commercial lenders, operating lessors, and more recently, capital markets making up the rest.
So it was somewhat of a shock when Airbus’ CEO Tom Enders announced that in 2011 the manufacturer recorded its lowest exposure to export financing since 1987, despite a record year in orders and deliveries.
From the end of 2010 to the end of 2011, Enders explains, Airbus had a couple of hundred million US dollars less net exposure to export finance.
Of planes financed during 2011, 138 used export finance equating to 26% of overall transactions, with the rest using customer debt financing (32%), cash from...
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