Jetrader - Spring 2015 - 21

Boeing's forecast for 2015 projects an aircraft financing market providing diverse liquidity at
record low prices, with political uncertainty around export credit offset by balanced funding from
commercial banks and capital markets. (Boeing graphic)

Commercial airplane
manufacturers reported record
orders and deliveries for 2014,
with Boeing's 737 facility
in Renton, WA, (pictured)
producing 485 airplanes.

Boeing expects funding for its 2015 deliveries will mirror the broader industry experience with
balanced funding across all sources. (Boeing graphic)

historically low levels of export credit
usage, with commercial bank debt and the
capital markets expected to cumulatively
account for approximately 60 percent of
delivery financing.
The current strength in commercial
aircraft financing is largely the result of
robust 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 a large

portion of the global fleet, according to
Boeing. In addition, decades of predictable and attractive returns, including
stable performance through the global
financial crisis, is attracting a broad
cross-section of new market participants
to aircraft financing and giving rise
to an unprecedented diversity of capital providers.
Boeing forecasts strong demand for new
commercial airplanes in 2015, resulting
in about $124 billion in commercial aircraft deliveries industry-wide - double the
amount from 2010. And while the pace of
growth will be moderated over the next
five years, the manufacturer still expects
to see robust growth in commercial airplane

financing requirements, with a projected
$156 million of delivering financing
required in 2019.
"That is still a significant increase
from the 2015 projection," said
Kostya Zolotusky, Boeing Capital's managing director of capital markets and leasing.
"But we have seen the industry evolve and
rise to meet the challenge of a doubling
in financing requirements over just the
past five years. That gives us confidence
that the industry is well-positioned for
the next five years of growth."

Changing Role of Lessors
The past 40 years has seen the role
of lessors in the aviation market grow
Jetrader  *  Spring 2015 21



Jetrader - Spring 2015

Table of Contents for the Digital Edition of Jetrader - Spring 2015

A Message from the President
Calendar/News
Maurice J. Gallagher, Jr. Honored for Excellence in Aviation
2015 Poised to be Strong Year for Global Leasing
Aircraft Finance Outlook: Boeing's 2015 Perspective
Celebrating the Holidays with ISTAT
The Sweet Sound of the Drone
Aviation History
Q&A: Incoming ISTAT President Marc S. Allinson
Can the Commercial Aircraft Backlog Withstand 50% Lower Fuel Prices?
Aircraft Appraisals
ISTAT Foundation
Advertiser.com
Advertiser Index
Jetrader - Spring 2015 - cover1
Jetrader - Spring 2015 - cover2
Jetrader - Spring 2015 - 3
Jetrader - Spring 2015 - 4
Jetrader - Spring 2015 - 5
Jetrader - Spring 2015 - 6
Jetrader - Spring 2015 - A Message from the President
Jetrader - Spring 2015 - 8
Jetrader - Spring 2015 - 9
Jetrader - Spring 2015 - Calendar/News
Jetrader - Spring 2015 - 11
Jetrader - Spring 2015 - Maurice J. Gallagher, Jr. Honored for Excellence in Aviation
Jetrader - Spring 2015 - 13
Jetrader - Spring 2015 - 14
Jetrader - Spring 2015 - 15
Jetrader - Spring 2015 - 2015 Poised to be Strong Year for Global Leasing
Jetrader - Spring 2015 - 17
Jetrader - Spring 2015 - 18
Jetrader - Spring 2015 - 19
Jetrader - Spring 2015 - Aircraft Finance Outlook: Boeing's 2015 Perspective
Jetrader - Spring 2015 - 21
Jetrader - Spring 2015 - 22
Jetrader - Spring 2015 - 23
Jetrader - Spring 2015 - Celebrating the Holidays with ISTAT
Jetrader - Spring 2015 - 25
Jetrader - Spring 2015 - 26
Jetrader - Spring 2015 - 27
Jetrader - Spring 2015 - 28
Jetrader - Spring 2015 - The Sweet Sound of the Drone
Jetrader - Spring 2015 - 30
Jetrader - Spring 2015 - 31
Jetrader - Spring 2015 - Aviation History
Jetrader - Spring 2015 - 33
Jetrader - Spring 2015 - 34
Jetrader - Spring 2015 - 35
Jetrader - Spring 2015 - Q&A: Incoming ISTAT President Marc S. Allinson
Jetrader - Spring 2015 - 37
Jetrader - Spring 2015 - 38
Jetrader - Spring 2015 - Can the Commercial Aircraft Backlog Withstand 50% Lower Fuel Prices?
Jetrader - Spring 2015 - 40
Jetrader - Spring 2015 - Aircraft Appraisals
Jetrader - Spring 2015 - 42
Jetrader - Spring 2015 - ISTAT Foundation
Jetrader - Spring 2015 - 44
Jetrader - Spring 2015 - 45
Jetrader - Spring 2015 - Advertiser Index
Jetrader - Spring 2015 - cover3
Jetrader - Spring 2015 - cover4
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