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ISSUE SIXTYTHREE<br /> THE LEADING GLOBAL PUBLICATION FOR OPERATORS OF AND INVESTORS IN AIRCRAFT AND ENGINES<br /> Transitioning to sustainable financing<br /> Aviation gets serious about sustainability<br /> Soaring through the crisis<br /> Griffin Global Asset Management matures<br /> Open for business<br /> Natixis reiterates its commitment to aviation<br /> www.aviationnews-online.com<br /> AMONG THE MILLIONS<br /> OF STARS, THERE’S<br /> ONLY ONE EARTH.<br /> Together we share this amazing planet, unique in its beauty<br /> and ability to sustain life. It’s our shared responsibility to<br /> preserve and replenish its resources for future generations.<br /> EDITOR’S LETTER<br /> INVESTORS LEAD GREEN REVOLUTION<br /> VOLUME ELEVEN, ISSUE FOUR<br /> August-September 2021<br /> EDITORIAL TEAM<br /> Victoria Tozer-Pennington<br /> victoria@airlineeconomics.com<br /> SUBSCRIPTION ENQUIRIES<br /> Annual subscription:<br /> £425 (+VAT where applicable)<br /> ADVE<a title="Issue 63 August/September page 1" href="http://viewer.zmags.com/publication/44a34ae3?page=1">ISSUE SIXTYTHREE THE LEADING GLOBAL PUB</a> <a title="Issue 63 August/September page 2" href="http://viewer.zmags.com/publication/44a34ae3?page=2"> AMONG THE MILLIONS OF STARS, THERE’S ONLY ONE EAR</a> <a title="Issue 63 August/September page 3" href="http://viewer.zmags.com/publication/44a34ae3?page=3"> EDITOR’S LETTER INVESTORS LEAD GREEN REVOLUTION </a> <a title="Issue 63 August/September page 4" href="http://viewer.zmags.com/publication/44a34ae3?page=4"> CONTENTS 1 Letter from the Editor </a> <a title="Issue 63 August/September page 5" href="http://viewer.zmags.com/publication/44a34ae3?page=5"> BOSTON | SHANNON | LONDON | SINGAPORE | HONG KON</a> <a title="Issue 63 August/September page 6" href="http://viewer.zmags.com/publication/44a34ae3?page=6"> NEWS AerCap becomes largest aircraft lessor Wit</a> <a title="Issue 63 August/September page 7" href="http://viewer.zmags.com/publication/44a34ae3?page=7"> Aset Management • • • • Remarketing Services</a> <a title="Issue 63 August/September page 8" href="http://viewer.zmags.com/publication/44a34ae3?page=8"> NEWS The break-up of GE Following the finalis</a> <a title="Issue 63 August/September page 9" href="http://viewer.zmags.com/publication/44a34ae3?page=9"> Your Global Partners for Financing and Management</a> <a title="Issue 63 August/September page 10" href="http://viewer.zmags.com/publication/44a34ae3?page=10"> PARTNERSHIP* IS OUR BUSINESS *Supporting Airline</a> <a title="Issue 63 August/September page 11" href="http://viewer.zmags.com/publication/44a34ae3?page=11"> </a> <a title="Issue 63 August/September page 12" href="http://viewer.zmags.com/publication/44a34ae3?page=12"> NEWS Aircraft ABS recovery continues In June </a> <a title="Issue 63 August/September page 13" href="http://viewer.zmags.com/publication/44a34ae3?page=13"> YOUR GO-TO BANK IN AVIATION We</a> <a title="Issue 63 August/September page 14" href="http://viewer.zmags.com/publication/44a34ae3?page=14"> NEWS Stonepeak/Bellinger close SALT 2021-1 ABS S</a> <a title="Issue 63 August/September page 15" href="http://viewer.zmags.com/publication/44a34ae3?page=15"> Trustee and Agency Now open in Ireland to service</a> <a title="Issue 63 August/September page 16" href="http://viewer.zmags.com/publication/44a34ae3?page=16"> NEWS Carlyle Aviation closes latest AASET ABS C</a> <a title="Issue 63 August/September page 17" href="http://viewer.zmags.com/publication/44a34ae3?page=17"> Navigating Global Aviation Our integrated pr</a> <a title="Issue 63 August/September page 18" href="http://viewer.zmags.com/publication/44a34ae3?page=18"> NEWS Sculptor closes second ABS: SOLRR 2021-1 S</a> <a title="Issue 63 August/September page 19" href="http://viewer.zmags.com/publication/44a34ae3?page=19"> </a> <a title="Issue 63 August/September page 20" href="http://viewer.zmags.com/publication/44a34ae3?page=20"> NEWS American upsizes EETC offering; adds B tra</a> <a title="Issue 63 August/September page 21" href="http://viewer.zmags.com/publication/44a34ae3?page=21"> </a> <a title="Issue 63 August/September page 22" href="http://viewer.zmags.com/publication/44a34ae3?page=22"> NEWS Deutsche Lufthansa completes capital raise</a> <a title="Issue 63 August/September page 23" href="http://viewer.zmags.com/publication/44a34ae3?page=23"> AIRCRAFT. LEASING. INVESTMENT. </a> <a title="Issue 63 August/September page 24" href="http://viewer.zmags.com/publication/44a34ae3?page=24"> NEWS DAE bolsters liquidity with new facilities</a> <a title="Issue 63 August/September page 25" href="http://viewer.zmags.com/publication/44a34ae3?page=25"> Partnership counts If you need assistance, e</a> <a title="Issue 63 August/September page 26" href="http://viewer.zmags.com/publication/44a34ae3?page=26"> NEWS Introducing Ashland Place Institutional </a> <a title="Issue 63 August/September page 27" href="http://viewer.zmags.com/publication/44a34ae3?page=27"> No matter which direction the aviation sector is </a> <a title="Issue 63 August/September page 28" href="http://viewer.zmags.com/publication/44a34ae3?page=28"> NEWS TUI raises €1.1 bn via capital increase </a> <a title="Issue 63 August/September page 29" href="http://viewer.zmags.com/publication/44a34ae3?page=29"> READY TO FLY With 50 years in </a> <a title="Issue 63 August/September page 30" href="http://viewer.zmags.com/publication/44a34ae3?page=30"> NEWS Air India prepares for a new future On Oct</a> <a title="Issue 63 August/September page 31" href="http://viewer.zmags.com/publication/44a34ae3?page=31"> Global clients. Global deals. Chicago London </a> <a title="Issue 63 August/September page 32" href="http://viewer.zmags.com/publication/44a34ae3?page=32"> NEWS ABL Aviation and Ellington establish joint</a> <a title="Issue 63 August/September page 33" href="http://viewer.zmags.com/publication/44a34ae3?page=33"> NEWS ALC orders 111 aircraft; launches ESG fund</a> <a title="Issue 63 August/September page 34" href="http://viewer.zmags.com/publication/44a34ae3?page=34"> NEWS Air Seychelles enters administration; blam</a> <a title="Issue 63 August/September page 35" href="http://viewer.zmags.com/publication/44a34ae3?page=35"> GROWTH FRONTIERS LONDON 1 DECEMBER 2021 Leon</a> <a title="Issue 63 August/September page 36" href="http://viewer.zmags.com/publication/44a34ae3?page=36"> NEWS Avianca reorganization plan approved The U</a> <a title="Issue 63 August/September page 37" href="http://viewer.zmags.com/publication/44a34ae3?page=37"> GROWTH FRONTIERS KOREA 15-16 March 2022 </a> <a title="Issue 63 August/September page 38" href="http://viewer.zmags.com/publication/44a34ae3?page=38"> AVIATION FINANCE Transitioning to sustainable </a> <a title="Issue 63 August/September page 39" href="http://viewer.zmags.com/publication/44a34ae3?page=39"> and the disclosure of robust Paris Agreement</a> <a title="Issue 63 August/September page 40" href="http://viewer.zmags.com/publication/44a34ae3?page=40"> AVIATION FINANCE Green/sustainable aviation fina</a> <a title="Issue 63 August/September page 41" href="http://viewer.zmags.com/publication/44a34ae3?page=41"> EU Taxonomy The EU Taxonomy Regulation establ</a> <a title="Issue 63 August/September page 42" href="http://viewer.zmags.com/publication/44a34ae3?page=42"> AVIATION FINANCE Trading Scheme (ETS) in 2020 d</a> <a title="Issue 63 August/September page 43" href="http://viewer.zmags.com/publication/44a34ae3?page=43"> mandated lead arranger, lender and facility a</a> <a title="Issue 63 August/September page 44" href="http://viewer.zmags.com/publication/44a34ae3?page=44"> AVIATION FINANCE aviation financing,” comments</a> <a title="Issue 63 August/September page 45" href="http://viewer.zmags.com/publication/44a34ae3?page=45"> GROWTH FRONTIERS DUBLIN 16-19 JANUARY 2022 </a> <a title="Issue 63 August/September page 46" href="http://viewer.zmags.com/publication/44a34ae3?page=46"> AVIATION FINANCE Left to</a> <a title="Issue 63 August/September page 47" href="http://viewer.zmags.com/publication/44a34ae3?page=47"> financing globally, we can't rule out the possibil</a> <a title="Issue 63 August/September page 48" href="http://viewer.zmags.com/publication/44a34ae3?page=48"> NATIXIS Open for business Comme</a> <a title="Issue 63 August/September page 49" href="http://viewer.zmags.com/publication/44a34ae3?page=49"> may have been a bit overly conservative in downgr</a> <a title="Issue 63 August/September page 50" href="http://viewer.zmags.com/publication/44a34ae3?page=50"> NATIXIS notes Rousseau. “The aviation ABS r</a> <a title="Issue 63 August/September page 51" href="http://viewer.zmags.com/publication/44a34ae3?page=51"> will continue to use its balance sheet to remain </a> <a title="Issue 63 August/September page 52" href="http://viewer.zmags.com/publication/44a34ae3?page=52"> GRIFFIN GLOBAL Soaring through the crisis Lik</a> <a title="Issue 63 August/September page 53" href="http://viewer.zmags.com/publication/44a34ae3?page=53"> aviation leasing and asset management platform. U</a> <a title="Issue 63 August/September page 54" href="http://viewer.zmags.com/publication/44a34ae3?page=54"> GRIFFIN GLOBAL M</a> <a title="Issue 63 August/September page 55" href="http://viewer.zmags.com/publication/44a34ae3?page=55"> from Boeing are all already placed at the time </a> <a title="Issue 63 August/September page 56" href="http://viewer.zmags.com/publication/44a34ae3?page=56"> ATR MRO EUROPE ATR MRO in demand Despite first</a> <a title="Issue 63 August/September page 57" href="http://viewer.zmags.com/publication/44a34ae3?page=57"> EUROPEAN ATR MRO FACILITIES With close to 20 ATR </a> <a title="Issue 63 August/September page 58" href="http://viewer.zmags.com/publication/44a34ae3?page=58"> VESSELSVALUE Aircraft values, algorithms and tr</a> <a title="Issue 63 August/September page 59" href="http://viewer.zmags.com/publication/44a34ae3?page=59"> expects it will bring, and concludes with what th</a> <a title="Issue 63 August/September page 60" href="http://viewer.zmags.com/publication/44a34ae3?page=60"> VESSELSVALUE MARKET SENTIMENT WHY IS IT NEEDED</a> <a title="Issue 63 August/September page 61" href="http://viewer.zmags.com/publication/44a34ae3?page=61"> WHAT HAS HAPPENED TO VALUES OVER COVID? The foll</a> <a title="Issue 63 August/September page 62" href="http://viewer.zmags.com/publication/44a34ae3?page=62"> VESSELSVALUE A SELECTION OF NARROWBODIES A321-</a> <a title="Issue 63 August/September page 63" href="http://viewer.zmags.com/publication/44a34ae3?page=63"> A SELECTION OF WIDEBODIES A350-941, 0.87 years o</a> <a title="Issue 63 August/September page 64" href="http://viewer.zmags.com/publication/44a34ae3?page=64"> AVIATION ABS Distinct Differences in Pre and</a> <a title="Issue 63 August/September page 65" href="http://viewer.zmags.com/publication/44a34ae3?page=65"> very quickly from the initial shock and stay on t</a> <a title="Issue 63 August/September page 66" href="http://viewer.zmags.com/publication/44a34ae3?page=66"> AVIATION ABS and a greater percentage of region</a> <a title="Issue 63 August/September page 67" href="http://viewer.zmags.com/publication/44a34ae3?page=67"> Finally, pre-COVID portfolios contained m</a> <a title="Issue 63 August/September page 68" href="http://viewer.zmags.com/publication/44a34ae3?page=68"> AIRPORTS: SLOT AUCTIONS </a> <a title="Issue 63 August/September page 69" href="http://viewer.zmags.com/publication/44a34ae3?page=69"> AIRPORTS: SLOT AUCTIONS J ust be</a> <a title="Issue 63 August/September page 70" href="http://viewer.zmags.com/publication/44a34ae3?page=70"> AIRPORTS: SLOT AUCTIONS A market-based appr</a> <a title="Issue 63 August/September page 71" href="http://viewer.zmags.com/publication/44a34ae3?page=71"> AIRPORTS: SLOT AUCTIONS each proposed a composi</a> <a title="Issue 63 August/September page 72" href="http://viewer.zmags.com/publication/44a34ae3?page=72"> TAX Agreement reached on BEPS 2.0 Ireland sign</a> <a title="Issue 63 August/September page 73" href="http://viewer.zmags.com/publication/44a34ae3?page=73"> Kenya, Pakistan and Sri Lanka are the only Inclus</a> <a title="Issue 63 August/September page 74" href="http://viewer.zmags.com/publication/44a34ae3?page=74"> TAX recently, and which will establish a m</a> <a title="Issue 63 August/September page 75" href="http://viewer.zmags.com/publication/44a34ae3?page=75"> GROWTH FRONTIERS DUBLIN 16-19 JANUARY 2022 </a> <a title="Issue 63 August/September page 76" href="http://viewer.zmags.com/publication/44a34ae3?page=76"> COLLATERAL VERIFICATIONS SPECIAL AIRCRAFT REP</a> <a title="Issue 63 August/September page 77" href="http://viewer.zmags.com/publication/44a34ae3?page=77"> COLLATERAL VERIFICATIONS AIRBUS A220-300 - Fle</a> <a title="Issue 63 August/September page 78" href="http://viewer.zmags.com/publication/44a34ae3?page=78"> COLLATERAL VERIFICATIONS SPECI</a> <a title="Issue 63 August/September page 79" href="http://viewer.zmags.com/publication/44a34ae3?page=79"> COLLATERAL VERIFICATIONS AIRCRAFT DATA (Source</a> <a title="Issue 63 August/September page 80" href="http://viewer.zmags.com/publication/44a34ae3?page=80"> DATA MBAVALUES 3Q 2021 OEM Type Oldest </a> <a title="Issue 63 August/September page 81" href="http://viewer.zmags.com/publication/44a34ae3?page=81"> DATA Providing expertise, integrity, and quality</a> <a title="Issue 63 August/September page 82" href="http://viewer.zmags.com/publication/44a34ae3?page=82"> DATA ASCEND VALUES NOVEMBER 2021 Manufacturer </a> <a title="Issue 63 August/September page 83" href="http://viewer.zmags.com/publication/44a34ae3?page=83"> VALUE YOUR FUTURE Vote Ascend by Cirium Appraise</a> <a title="Issue 63 August/September page 84" href="http://viewer.zmags.com/publication/44a34ae3?page=84"> For what’s next in Aviation Navigating Change. To</a>