Aviation – Structured Finance
This Aviation Finance Company based in the UK provides a global finance function serving the commercial aircraft industry. With a significant customer base they are well known by many airlines and aircraft leasing companies worldwide.
The company is seeking a structured finance professional with prior experience in the structuring and negotiation of Aviation Finance transactions.
The Role:
The team members each manage the customer accounts for a specific geographical region. They will manage the relationships and transaction from cradle to grave from the finance perspective. Ultimately, the individual will be expected to be comfortable operating between asset classes and any of the major global debt markets. Average transactions are cross-border, between US$100m and US$200m in size.
Key Responsibilities:
· Structuring, pricing, negotiation and contracting of finance commitments.
· Negotiating internal approval of such financial commitments.
· Origination, negotiation and execution of required debt and equity participations in order to fulfil the contracted commitments.
· Sourcing and management of internal and external parties to ensure transactions close in a timely manner (legal, accounting, tax, technical etc).
· Management, compliance and reporting of the ongoing contingent liabilities resulting from any commitment or transaction within the portfolio.
Experience:
The candidate should be able to demonstrate or develop the following:
· A proven track record in the aviation finance or aircraft / engine leasing industry at a hands on structuring level. An understanding of the commercial and market trends that drive the industry.
· Knowledge of the financial products generally used in commercial aviation.
· Knowledge of and relationships with the main financial institutions that deal in secured asset finance, with a focus on commercial aviation.
· The ability to negotiate contracts at a board level with a detailed knowledge of asset finance transactions.
· Proactive management of the portfolio to identify exposures and reduce risk.
The position will require regular travel to meet with customers mainly within EMEA but may require other geographical coverage. It is a hands on position that will require the successful individual to handle all aspects of the deal.
The package will be negotiated and tailored to the selected individual.
All applications are treated in the strictest confidence!
Interested to apply or learn more about the position? Please send your CV or enquire to Keith Garry Tel: +353 86 8233084 Email: keith@aircraftleasing.ie
For information on other positions in the aircraft leasing and aviation finance industry please view www.aircraftleasing.ie
Monday, February 8, 2010
Thursday, February 4, 2010
Dublin AirFinance Conference – What did you think!!
Dublin AirFinance Conference – What did you think!!
This year seemed to me a marked improvement on last year’s conference in terms of the mood and the turn out.
The industry appears excited about the new lessors entering the market and the strong presence of the Chinese Financial Institutions who appear to be gaining momentum in foreign investments. It is rumoured that some of the Chinese backed lessors will establish operations in Europe over the coming year!! Some think that the lead in time for the new lessors to start making a positive effect in the market will be 6 -12 months.
From talking to a number of clients during the conference there appears to be a number of people who have secured new equity and ready to invest. Some will take the approach of 100% equity deals while others will be more reliant on debt to secure transactions.
Although debt is still not readily available I was pleased to hear of 2nd and 3rd tier lessors securing debt over the past 12 months.
One of the not so good news pointed out that the number of financial institutions in the aviation finance industry has significantly dropped (nothing we didn’t know). Players now need to work harder to secure debt and will have to pay more for it. How long will this last? Who knows?
Overall the shakeup of the industry over the last 12 months has left those still standing relieved that their business models have survived and ready to embrace the long awaited upturn. The mood from the platforms up for sale is that it will be a long process.
Please feel free to share your thoughts and findings with the rest of the group!
Keith Garry
I look forward to seeing some of you at the upcoming ISTAT Conference in Orlando
www.aircraftleasing.ie
This year seemed to me a marked improvement on last year’s conference in terms of the mood and the turn out.
The industry appears excited about the new lessors entering the market and the strong presence of the Chinese Financial Institutions who appear to be gaining momentum in foreign investments. It is rumoured that some of the Chinese backed lessors will establish operations in Europe over the coming year!! Some think that the lead in time for the new lessors to start making a positive effect in the market will be 6 -12 months.
From talking to a number of clients during the conference there appears to be a number of people who have secured new equity and ready to invest. Some will take the approach of 100% equity deals while others will be more reliant on debt to secure transactions.
Although debt is still not readily available I was pleased to hear of 2nd and 3rd tier lessors securing debt over the past 12 months.
One of the not so good news pointed out that the number of financial institutions in the aviation finance industry has significantly dropped (nothing we didn’t know). Players now need to work harder to secure debt and will have to pay more for it. How long will this last? Who knows?
Overall the shakeup of the industry over the last 12 months has left those still standing relieved that their business models have survived and ready to embrace the long awaited upturn. The mood from the platforms up for sale is that it will be a long process.
Please feel free to share your thoughts and findings with the rest of the group!
Keith Garry
I look forward to seeing some of you at the upcoming ISTAT Conference in Orlando
www.aircraftleasing.ie
Monday, January 25, 2010
Aviation Structured Finance position in the UK
Commercial Aviation - Structured Finance Associate – UK Based
This Aviation Structured Finance position is high profile position that would be suitable for an experienced sales or customer finance professional within the aircraft leasing and aviation finance industry.
The position will require the successful candidate to originate, price, negotiate and close aircraft finance transactions globally.
The ideal candidate will have prior experience structuring and pricing commercial aircraft transactions with good knowledge of the debt markets and various products.
This position is open to candidates outside the UK.
Interested in the position? Please contact Keith Garry on +353 86 8233084 or email keith@aircraftleasing.ie
Interested in other positions in the aircraft leasing / finance industry please view my website www.aircraftleasing.ie
This Aviation Structured Finance position is high profile position that would be suitable for an experienced sales or customer finance professional within the aircraft leasing and aviation finance industry.
The position will require the successful candidate to originate, price, negotiate and close aircraft finance transactions globally.
The ideal candidate will have prior experience structuring and pricing commercial aircraft transactions with good knowledge of the debt markets and various products.
This position is open to candidates outside the UK.
Interested in the position? Please contact Keith Garry on +353 86 8233084 or email keith@aircraftleasing.ie
Interested in other positions in the aircraft leasing / finance industry please view my website www.aircraftleasing.ie
Friday, January 22, 2010
Thursday, January 7, 2010
Allco Aircraft Leasing sale finally takes off!
THE receivers of Allco Finance have finally completed the sale of its key aircraft leasing business — eight months after the deal was signed.
The sale of the business to China's HNA Group, a state-owned transport and logistics company, was announced in May but has been held up waiting for the consent of 29 non-recourse lenders, which between them have $3 billion tied up in the Allco fleet.
Allco's receiver, Peter Gothard of Ferrier Hodgson, said handing over the keys to the aircraft-leasing business was a big step towards the completion of the failed financier's receivership.
"It has taken a little longer than expected," he said. "[But] we knew it was going to be difficult."
He declined to disclose the sale price, but in 2008 Allco put a net value of $86 million on the business, whose customers include Qantas, Emirates, Singapore Airlines, Ryanair and Asiana.
Mr Gothard said completion of the sale was made "a little more thorny" by legal action late last year against former Allco chief David Veal and Geoffrey Kinghorn, son of Allco's founder, John Kinghorn. The action was aimed at restraining the pair from appointing as manager of special-purpose vehicles any entity in which the Kinghorns or Mr Veal had a financial interest.
The legal action is due to resume next month in the Federal and Supreme courts.
HNA's adviser, Bravia Capital, said it had been an "extremely difficult transaction" to formalise.
The Chinese company's off-shoots include Hainan Airlines, the largest private airline in China, part-owned by US billionaire George Soros. It also has stakes in Hong Kong Airlines and Hong Kong Express.
The sale leaves Allco's debtor-finance business as the last tradeable business for the receiver to offload.
Its shipping business, Allocean, which has a fleet of 38 vessels — tankers and container ships — was sold to a Greek shipping company last year for an undisclosed price. The troubled state of the shipping industry made the sale difficult.
Allco's rail-leasing assets in North America and office equipment-leasing business were sold early last year.
Source ‘The Age’ Syndey.
For career opportunities in the Aircraft Leasing and Aviation Finance globally visit www.aircraftleasing.ie
The sale of the business to China's HNA Group, a state-owned transport and logistics company, was announced in May but has been held up waiting for the consent of 29 non-recourse lenders, which between them have $3 billion tied up in the Allco fleet.
Allco's receiver, Peter Gothard of Ferrier Hodgson, said handing over the keys to the aircraft-leasing business was a big step towards the completion of the failed financier's receivership.
"It has taken a little longer than expected," he said. "[But] we knew it was going to be difficult."
He declined to disclose the sale price, but in 2008 Allco put a net value of $86 million on the business, whose customers include Qantas, Emirates, Singapore Airlines, Ryanair and Asiana.
Mr Gothard said completion of the sale was made "a little more thorny" by legal action late last year against former Allco chief David Veal and Geoffrey Kinghorn, son of Allco's founder, John Kinghorn. The action was aimed at restraining the pair from appointing as manager of special-purpose vehicles any entity in which the Kinghorns or Mr Veal had a financial interest.
The legal action is due to resume next month in the Federal and Supreme courts.
HNA's adviser, Bravia Capital, said it had been an "extremely difficult transaction" to formalise.
The Chinese company's off-shoots include Hainan Airlines, the largest private airline in China, part-owned by US billionaire George Soros. It also has stakes in Hong Kong Airlines and Hong Kong Express.
The sale leaves Allco's debtor-finance business as the last tradeable business for the receiver to offload.
Its shipping business, Allocean, which has a fleet of 38 vessels — tankers and container ships — was sold to a Greek shipping company last year for an undisclosed price. The troubled state of the shipping industry made the sale difficult.
Allco's rail-leasing assets in North America and office equipment-leasing business were sold early last year.
Source ‘The Age’ Syndey.
For career opportunities in the Aircraft Leasing and Aviation Finance globally visit www.aircraftleasing.ie
Tuesday, November 17, 2009
VP Marketing - Aircraft Leasing - Asia
This aircraft leasing company have managed sustained growth over the past 18 months. As part of their strategic growth they are now seeking a person with proven experience to develop their presence in Asia. The company generally focuses on older popular commercial aircraft that will be broken for part out.
As the VP marketing you will; have a proven network of contacts at a senior level with airlines globally, strong business development and negotiation skills and most importantly previous experience in the placement of commercial aircraft.
The ideal candidate will either have previous experience in a leasing company.
Essential for this position is that you can display relative experience in an existing aircraft leasing company. You will have a proven track record in aircraft leasing and trading transactions.
All enquires are in the strictest confidence.
Please apply or enquire to Keith Garry +353 (0)76 615 2055 or email keith@aircraftleasing.ie
Peak Performance Recruitment - specialist to the aircraft leasing & finance industry.
Interested in other career opportunities globally visit www.aircraftleasing.ie
As the VP marketing you will; have a proven network of contacts at a senior level with airlines globally, strong business development and negotiation skills and most importantly previous experience in the placement of commercial aircraft.
The ideal candidate will either have previous experience in a leasing company.
Essential for this position is that you can display relative experience in an existing aircraft leasing company. You will have a proven track record in aircraft leasing and trading transactions.
All enquires are in the strictest confidence.
Please apply or enquire to Keith Garry +353 (0)76 615 2055 or email keith@aircraftleasing.ie
Peak Performance Recruitment - specialist to the aircraft leasing & finance industry.
Interested in other career opportunities globally visit www.aircraftleasing.ie
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