Brexit Part II: Weaker sterling impacts airline order books
Following Brexit, the GBP is down 14% against the US$, reaching a 31-year exchange rate low of 1.2798. Currency devaluation will impact traffic, but a weaker pound also means airlines may have to pay more for aircraft purchases. Our analysis suggests that among the airlines operating out of the UK, Jet2 appears to be one of those more vulnerable to a weaker pound. Sustained currency weakness may lead it to defer some of its planned deliveries.
Azul boss wants “fast” Avianca Brazil deal as lessors seek to reclaim aircraft
Azul’s acquisition of Avianca Brazil’s aircraft leases and airport slots needs to be closed “fast” in the next 60 days if the struggling Avianca spin-off wants “business". more
ISTAT: CDB Aviation chief argues this is the “beginning of the downturn”
A panel of leasing CEOs from GECAS, SMBC Aviation Capital, CDB Aviation and Air Lease Corporation debate whether the aviation finance industry is entering a downturn. more