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<br /> ISSUE TWENTYSIX MAY/JUNE 2015<br /> THE LEADING GLOBAL PUBLICATION FOR OPERATORS OF AND INVESTORS IN AIRCRAFT AND ENGINES<br /> UKEF AVIATION FINANCE<br /> BOC AVIATION<br /> LATAM EETC<br /> INVESTING IN LESSORS<br /> BLACK SWANS<br /> www.aviationnews-online.com<br /> Geared up.<br /> Starting now.<br /> Our global service network is ready. Because you have a choice of service providers, we strive to be that choice.<br /> We’re ready now to ensure maximum time on wing for your PurePower® Geared Turbofan™ engine with the service<br /> difference only the original manufacturer can bring. We’re geared up. Starting now. PurePowerEngines.com.<br /> Dependable Services<br /> Paris Air Show: C2<br /> EDITOR’S LETTER<br /> FLAMING JUNE<br /> VOLUME FIVE, ISSUE THREE<br /> May/June 2015<br /> EDITORIAL TEAM<br /> Victoria Tozer-Pennington<br /> victoria@av<a title="Issue 26 May/June page 1" href="http://viewer.zmags.com/publication/0d474327?page=1"> ISSUE TWENTYSIX </a> <a title="Issue 26 May/June page 2" href="http://viewer.zmags.com/publication/0d474327?page=2"> Geared up. Starting now. Our global service n</a> <a title="Issue 26 May/June page 3" href="http://viewer.zmags.com/publication/0d474327?page=3"> EDITOR’S LETTER FLAMING JUNE VOLUME FIVE, I</a> <a title="Issue 26 May/June page 4" href="http://viewer.zmags.com/publication/0d474327?page=4"> Bombardier, and the Evolution of Mobility, are tr</a> <a title="Issue 26 May/June page 5" href="http://viewer.zmags.com/publication/0d474327?page=5"> C Series Q Series </a> <a title="Issue 26 May/June page 6" href="http://viewer.zmags.com/publication/0d474327?page=6"> CONTENTS 4 Flaming June 32 L</a> <a title="Issue 26 May/June page 7" href="http://viewer.zmags.com/publication/0d474327?page=7"> Ingenuity Some things just run in the family. In</a> <a title="Issue 26 May/June page 8" href="http://viewer.zmags.com/publication/0d474327?page=8"> NEWS AerCap share sale success American Inter</a> <a title="Issue 26 May/June page 9" href="http://viewer.zmags.com/publication/0d474327?page=9"> MAINTAINING YOUR PEACE OF MIND BACKED BY OVER 200</a> <a title="Issue 26 May/June page 10" href="http://viewer.zmags.com/publication/0d474327?page=10"> NEWS Intrepid files rival Skymark plan Skymark </a> <a title="Issue 26 May/June page 11" href="http://viewer.zmags.com/publication/0d474327?page=11"> OUR EXPERIENCE DRIVES YOUR EXCELLENCE. </a> <a title="Issue 26 May/June page 12" href="http://viewer.zmags.com/publication/0d474327?page=12"> NEWS Amedeo Air Four Plus launches Amedeo Air</a> <a title="Issue 26 May/June page 13" href="http://viewer.zmags.com/publication/0d474327?page=13"> When it matters most: AOG +49 171 4314333 Thrust</a> <a title="Issue 26 May/June page 14" href="http://viewer.zmags.com/publication/0d474327?page=14"> NEWS No French housing tax for foreign airline </a> <a title="Issue 26 May/June page 15" href="http://viewer.zmags.com/publication/0d474327?page=15"> Aset Management • • • • Remarketing Services </a> <a title="Issue 26 May/June page 16" href="http://viewer.zmags.com/publication/0d474327?page=16"> NEWS VistaJet completes first senior unsecured </a> <a title="Issue 26 May/June page 17" href="http://viewer.zmags.com/publication/0d474327?page=17"> Global Leaders in Aviation Finance KPMG i</a> <a title="Issue 26 May/June page 18" href="http://viewer.zmags.com/publication/0d474327?page=18"> NEWS Irish parliament approves sale of Aer Ling</a> <a title="Issue 26 May/June page 19" href="http://viewer.zmags.com/publication/0d474327?page=19"> A full suite of turn-key solutions tailored to yo</a> <a title="Issue 26 May/June page 20" href="http://viewer.zmags.com/publication/0d474327?page=20"> NEWS Embraer finalises E2 orders </a> <a title="Issue 26 May/June page 21" href="http://viewer.zmags.com/publication/0d474327?page=21"> Airlink is a rapid-response, disaster a</a> <a title="Issue 26 May/June page 22" href="http://viewer.zmags.com/publication/0d474327?page=22"> NEWS Aircraft hacked in flight Chris Roberts, a</a> <a title="Issue 26 May/June page 23" href="http://viewer.zmags.com/publication/0d474327?page=23"> mba americas | europe | asia a trusted advi</a> <a title="Issue 26 May/June page 24" href="http://viewer.zmags.com/publication/0d474327?page=24"> NEWS Aviation ABS pipeline F</a> <a title="Issue 26 May/June page 25" href="http://viewer.zmags.com/publication/0d474327?page=25"> documents, the failure to pay the step-up amount </a> <a title="Issue 26 May/June page 26" href="http://viewer.zmags.com/publication/0d474327?page=26"> Q&A Crossing the Bosphorus Turkish Airli</a> <a title="Issue 26 May/June page 27" href="http://viewer.zmags.com/publication/0d474327?page=27"> what type of institutions they were? The Investor</a> <a title="Issue 26 May/June page 28" href="http://viewer.zmags.com/publication/0d474327?page=28"> Made in the UK Gordon Welsh speaks frankly to Air</a> <a title="Issue 26 May/June page 29" href="http://viewer.zmags.com/publication/0d474327?page=29"> U K Export Finance (UKEF), un</a> <a title="Issue 26 May/June page 30" href="http://viewer.zmags.com/publication/0d474327?page=30"> UKEF PROFILE FEATURE a full analysis of the dea</a> <a title="Issue 26 May/June page 31" href="http://viewer.zmags.com/publication/0d474327?page=31"> and raised orders exceeding $3.2bn. The certi</a> <a title="Issue 26 May/June page 32" href="http://viewer.zmags.com/publication/0d474327?page=32"> UKEF PROFILE FEATURE </a> <a title="Issue 26 May/June page 33" href="http://viewer.zmags.com/publication/0d474327?page=33"> Gordon Welsh, UKEF “We are close to launching a </a> <a title="Issue 26 May/June page 34" href="http://viewer.zmags.com/publication/0d474327?page=34"> Talking Bonds Following on from the article in Is</a> <a title="Issue 26 May/June page 35" href="http://viewer.zmags.com/publication/0d474327?page=35"> will continue to change since the lessor has anot</a> <a title="Issue 26 May/June page 36" href="http://viewer.zmags.com/publication/0d474327?page=36"> BOC AVIATION we realised</a> <a title="Issue 26 May/June page 37" href="http://viewer.zmags.com/publication/0d474327?page=37"> of the deal. “The maximum we would ever do at onc</a> <a title="Issue 26 May/June page 38" href="http://viewer.zmags.com/publication/0d474327?page=38"> BOC AVIATION Robert Mar</a> <a title="Issue 26 May/June page 39" href="http://viewer.zmags.com/publication/0d474327?page=39"> BOC AVIATION BOC Aviation debt capital markets is</a> <a title="Issue 26 May/June page 40" href="http://viewer.zmags.com/publication/0d474327?page=40"> Expanding horizons LATAM Airlines Group landmark </a> <a title="Issue 26 May/June page 41" href="http://viewer.zmags.com/publication/0d474327?page=41"> at a maximum in order to best execute either at t</a> <a title="Issue 26 May/June page 42" href="http://viewer.zmags.com/publication/0d474327?page=42"> EETCS 2016; and two new Airbus A350-900 aircraf</a> <a title="Issue 26 May/June page 43" href="http://viewer.zmags.com/publication/0d474327?page=43"> legal aspects were generally favorable, albeit no</a> <a title="Issue 26 May/June page 44" href="http://viewer.zmags.com/publication/0d474327?page=44"> LESSOR PROFILE Commercial aviation market outl</a> <a title="Issue 26 May/June page 45" href="http://viewer.zmags.com/publication/0d474327?page=45"> they want to keep the ownership of the aircraft o</a> <a title="Issue 26 May/June page 46" href="http://viewer.zmags.com/publication/0d474327?page=46"> LESSOR PROFILE GDP GROWTH Real GDP Growth (%) Co</a> <a title="Issue 26 May/June page 47" href="http://viewer.zmags.com/publication/0d474327?page=47"> LESSOR PROFILE </a> <a title="Issue 26 May/June page 48" href="http://viewer.zmags.com/publication/0d474327?page=48"> RISK MANAGEMENT The Chinese black swan This</a> <a title="Issue 26 May/June page 49" href="http://viewer.zmags.com/publication/0d474327?page=49"> L ike most indus</a> <a title="Issue 26 May/June page 50" href="http://viewer.zmags.com/publication/0d474327?page=50"> RISK MANAGEMENT </a> <a title="Issue 26 May/June page 51" href="http://viewer.zmags.com/publication/0d474327?page=51"> fongfong / Shutterstock.com </a> <a title="Issue 26 May/June page 52" href="http://viewer.zmags.com/publication/0d474327?page=52"> Investing in lessors Following the recent poor ra</a> <a title="Issue 26 May/June page 53" href="http://viewer.zmags.com/publication/0d474327?page=53"> cost of ownership up by around 8% or 9%, but the </a> <a title="Issue 26 May/June page 54" href="http://viewer.zmags.com/publication/0d474327?page=54"> COMMERCIAL AIRCRAFT LEASING TOP 21 OPERATING LES</a> <a title="Issue 26 May/June page 55" href="http://viewer.zmags.com/publication/0d474327?page=55"> COMMERCIAL AIRCRAFT LEASING stop ordering new a</a> <a title="Issue 26 May/June page 56" href="http://viewer.zmags.com/publication/0d474327?page=56"> COMMERCIAL AIRCRAFT LEASING AERCAP In May 2015,</a> <a title="Issue 26 May/June page 57" href="http://viewer.zmags.com/publication/0d474327?page=57"> COMMERCIAL AIRCRAFT LEASING </a> <a title="Issue 26 May/June page 58" href="http://viewer.zmags.com/publication/0d474327?page=58"> COMMERCIAL AIRCRAFT LEASING AIR LEASE CORPORATI</a> <a title="Issue 26 May/June page 59" href="http://viewer.zmags.com/publication/0d474327?page=59"> COMMERCIAL AIRCRAFT LEASING AIR LEASE CUSTOMER </a> <a title="Issue 26 May/June page 60" href="http://viewer.zmags.com/publication/0d474327?page=60"> COMMERCIAL AIRCRAFT LEASING AIRCASTLE Aircastle</a> <a title="Issue 26 May/June page 61" href="http://viewer.zmags.com/publication/0d474327?page=61"> COMMERCIAL AIRCRAFT LEASING 2015 cash dividen</a> <a title="Issue 26 May/June page 62" href="http://viewer.zmags.com/publication/0d474327?page=62"> COMMERCIAL AIRCRAFT LEASING million for the fou</a> <a title="Issue 26 May/June page 63" href="http://viewer.zmags.com/publication/0d474327?page=63"> COMMERCIAL AIRCRAFT LEASING AVOLON Avolon Hold</a> <a title="Issue 26 May/June page 64" href="http://viewer.zmags.com/publication/0d474327?page=64"> COMMERCIAL AIRCRAFT LEASING A BRIEF ROUNDUP Eac</a> <a title="Issue 26 May/June page 65" href="http://viewer.zmags.com/publication/0d474327?page=65"> GROWTH FRONTIERS ASIA-PACIFIC 2015 Supporting: 2</a> <a title="Issue 26 May/June page 66" href="http://viewer.zmags.com/publication/0d474327?page=66"> SPECIAL AIRCRAFT REPORT BOEING 777-300ER </a> <a title="Issue 26 May/June page 67" href="http://viewer.zmags.com/publication/0d474327?page=67"> COLLATERAL VERIFICATIONS, LLC 212 In Service 556 </a> <a title="Issue 26 May/June page 68" href="http://viewer.zmags.com/publication/0d474327?page=68"> COLLATERAL VERIFICATIONS, LLC METHODOLOGY CURR</a> <a title="Issue 26 May/June page 69" href="http://viewer.zmags.com/publication/0d474327?page=69"> COLLATERAL VERIFICATIONS, LLC BOEING 777‐300ER (</a> <a title="Issue 26 May/June page 70" href="http://viewer.zmags.com/publication/0d474327?page=70"> SPECIAL AIRCRAFT REPORT AIRBUS A320-200 </a> <a title="Issue 26 May/June page 71" href="http://viewer.zmags.com/publication/0d474327?page=71"> COLLATERAL VERIFICATIONS, LLC 3603 796 796 79</a> <a title="Issue 26 May/June page 72" href="http://viewer.zmags.com/publication/0d474327?page=72"> COLLATERAL VERIFICATIONS, LLC METHODOLOGY CURR</a> <a title="Issue 26 May/June page 73" href="http://viewer.zmags.com/publication/0d474327?page=73"> COLLATERAL VERIFICATIONS, LLC AIRBUS A320‐200 (A</a> <a title="Issue 26 May/June page 74" href="http://viewer.zmags.com/publication/0d474327?page=74"> DATA COMMERCIAL AIRCRAFT LEASE RATES AND CMVS </a> <a title="Issue 26 May/June page 75" href="http://viewer.zmags.com/publication/0d474327?page=75"> COLLATERAL VERIFICATIONS ADVISORY SERVICES </a> <a title="Issue 26 May/June page 76" href="http://viewer.zmags.com/publication/0d474327?page=76"> Ingenuity Thanks to the wonders of modern aviati</a>