|Boeing reports happy outlook for 2015 competitive aircraft financing. Photo: Boeing
[Avionics Today 12-09-2014] Boeing’s “2015 Current Aircraft Finance Market Outlook” indicates decades of predictable returns have led to unprecedented diversity, efficiency and volume of financing for commercial airplanes. According to the report, airlines and lessors will benefit from increased competition among lenders and historically low interest rates in 2015.
The market report forecasts the sources of financing for new commercial airplane deliveries in 2015 and the industry's overall delivery financing requirements for the next five years. It finds that strong demand for new commercial airplanes in 2015 will result in $124 billion in deliveries across the industry, an amount that has doubled since 2010.
"The strength we're seeing in aircraft finance is largely the result of a healthy and balanced global demand for new aircraft, which is being driven by anticipated growth in passenger traffic, record airline profitability and the continuation of a replacement cycle to improve the fuel and performance efficiency of the global fleet," said Tim Myers, vice president and general manager of aircraft financial services for Boeing Capital.