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THE DIFFERENCE A YEAR MAKES
01 December 2006
In the absence of new aircraft, existing families look set to enjoy attractive rates in the year ahead. Rossa McPhillips reports.
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Boeing; Airbus
Finally, the aviation industry agrees on something. Existing leases have been extended and rates have gone up. Airfinance Journal contacted a number of appraisers for their views on aircraft lease rates for the next 12 months and sent these to major lessors for their response. The feedback was surprisingly candid.
"These lease rates show a very common and positive theme," claims Mike Skinner, chief executive officer of AMS Aircraft. He adds that the rates reflect the normal transition of aircraft between airlines rather than any overcapacity.
"There is nothing on the short-term horizon that suggests this situation is going to change, hence the reason why appraisers are bullish in respect of market lease rates over the next 12 to 18 months," says Skinner.
Donna Mikov, spokeswoman for Boeing, also reflected this position. "We are seeing quite a strong demand across the board – less supply, and increasing lease rates," she says.
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