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Beechcraft Sees
Aircraft Financing Becoming Increasingly Available By Bill Goldston |
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The company says these trends have been aided by a
number of factors including the global economic
recovery, an increase in knowledge and sophistication of
the key players in aircraft asset-based financing,
growing competition among local institutions expanding
into the global marketplace, and the increasingly active
role of manufacturers in helping potential clients find
financing.
?Over the past 12-24 months, we have seen a gradual, yet
consistent thaw in the aviation finance sector as a
number of lenders have gained an increasing appetite for
this business,? said Kirsten Bartok, HBC vice president,
Global Aircraft Financing.
?A
number of large commercial banks are looking to offer
aviation finance in a growing number of countries
outside of Western Europe and
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One of the
reasons for this growing interest is that HBC, along with other
aircraft manufacturers, is playing a more proactive role in
helping financial institutions develop a better understanding of
the aircraft industry by providing information on future product
developments and life cycle plans, for example.
These efforts have helped in reducing the asset-associated risk in transactions and created an environment that allows for lending to a wider customer base. In addition, HBC is doing more to assist potential customers with gathering the relevant material needed to secure financing and making recommendations on potential banks for loans or leases. Financing costs are reduced when customers position themselves in the most transparent way and structure their purchase correctly in terms of registration and operation. |