AVIATION FINANCE REPORT 2015

The rising dollar and declining aircraft residual values are proving to be a drag on the industry’s recovery.

With the economic downturn now seven years in the rear-view mirror, the U.S. economy has continued its slow but steady recovery this year, reaching, in the eyes of most of the world, an enviable streak of 22 consecutive quarters of expansion. But the strengthening of the U.S. dollar has placed a chill on the international business jet market, which is still dealing with the effects of declining aircraft residual values.

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Corporate Jet Investor: Kirsten Bartok: the innovator

Kirsten Bartok is No. 10 on the Corporate Jet Investor Power List 2015.

Kirsten Bartok’s CV is impressive. She has worked as a banker (Goldman Sachs), an operator (XOJET), a manufacturer (Hawker Beechcraft) and as an entrepreneur (Airfinance). In the depths of the business jet downturn she worked hard to launch her own aircraft fund – and found serious equity – but could not find debt. This led her to the US Export Import Bank of the US.

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Ex-Im Bank Approves Financing for Sale of American-Made Helicopters for Use in Colombia’s Offshore Oil and Gas Industry

Transaction will support an estimated 200 aerospace-related jobs in Pennsylvania

Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) has approved a $22.4 million loan guarantee to finance the export of U.S.-made AgustaWestland AW139 helicopters to North Pole Investments in Panama for leasing and use in Colombia's offshore oil and gas industry. The lender is Apple Bank for Savings of New York, N.Y.

According to Ex-Im Bank estimates derived from Departments of Commerce and Labor data and methodology, the Bank's financing will support an estimated 200 jobs at AgustaWestland's manufacturing and operations facility in Philadelphia, Pa., and in the company's U.S. supply chain.

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Ex-Im Bank Tops $1 Billion in Financing for American Business Aircraft and Helicopters

Bank Approves $300 Million for Export of Gulfstream Aircraft to China, Supports 2,100 U.S.  jobs

Washington, D.C. – Today the Export-Import Bank of the United States (Ex-Im Bank) announced it has topped $1 billion in support of American-made business-aircraft and helicopter financings since the beginning of FY 2012.

In a deal that drove recent business-aircraft and helicopter financings over the $1 billion mark and supported approximately 2,100 American jobs, the Bank’s board approved a guarantee of a $300 million loan extended by Apple Bank for Savings to Minsheng Financial Leasing Company Ltd. of Tianjin, China, last December to finance the purchase of eight aircraft manufactured by Gulfstream Aerospace Corporation of Savannah, Ga.

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Ex-Im Approves Over $50 million to Finance Export of U.S. Aircraft to Mexico

Washington, D.C. – The board of the Export-Import Bank of the United States (Ex-Im Bank) authorized more than $50 million to guarantee a loan extended by Apple Bank to Aeroservicios Especializados S.A. DE C.V. (ASESA) of Mexico that will finance the export of a fleet of Sikorsky S-76DTM helicopters to Mexico.

Ex-Im Bank’s credit will support approximately 450 U.S. jobs, according to bank estimates derived from Departments of Commerce and Labor data and methodology...

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ASESA locks US Ex-Im financing for S-76D order

Export credit agency, the Export-Import Bank of the United States (Ex-Im), has approved a more than $50 million loan guarantee to support an order from Mexico's Aeroservicios Especializados (ASESA) for six Sikorsky S-76D helicopters.

The deal is the first under the export credit agency's new qualified advisor programme, which is designed to expand support for the sale of business aviation aircraft manufactured in the USA to international customers.

AirFinance Leasing was ASESA's advisor for the transaction and arranged the loan. Apple Bank is the lender.

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Barron's: New Moguls, New Jets

It's wheels-up in emerging markets. With economies booming in China, India and Latin America, those countries are fast embracing the ultimate symbol of American moguldom, the private jet. And that is shaking up the industry: North America last year accounted for just 42% of deliveries of new private jets, down from 54% two years earlier, sending U.S. jet makers racing to learn Mandarin, Hindi and Spanish.

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