Akademik Veri Yönetim Sistemi
AIRLINE FINANCE IN THE GLOBAL WORLD, Faruk Dayı, Editör, NOVA Science Publishers Inc. , New York, ss.81-98, 2025
The objective of this desk& field analysis inquiry is to provide a broad range of technical and practical understanding of a very delicate area of banking, namely Aviation Finance. The first part aims to give insight into the “structural issues” of financing acquisitions with complicated product features as a basis for resolving “bankability” issues on the financial institutions' side. The second part of our paper will seek to address the implementation of the general credit structuring approaches to financing Aircraft or Fleet Investment Programs for Airlines from the point of global banking practices. This part of knowledge is generally considered “proprietary information” on the side of the global bank, which is inherently given in our case studies. By providing extensive structured financing, an aviation company might create enormous econo-financial value for the airline it belongs to. This value might also be enhanced with the support of ECA Finance or Leveraged Aircraft Leasing alternatives. This article aims to contribute to the academic literature by providing extensive insight and knowledge from the banking and capital market practices where additional market value is created with the help of sophisticated funding solutions. The methodology involves a descriptive analysis of financing alternatives fed with a general framework that explains the structural issues of all banking and capital market solutions for aircraft finance. In this regard we will consolidate our overview of the instrument with two case studies of Finnair from Financing Solutions and alternatively the case of Jet Inc. of AAL Airlines for Leveraged Aircraft Leasing alternative. As with all investment decisions, capital investments in the aviation industry are not without risks as we had recently witnessed in the case of the COVID-19 crisis. Therefore, the present and future faith of an airline company might be exposed to a wide range of risks. However, the authors believe that a thorough understanding of both forces and financing alternatives affecting the airline industry and the demand for various aircraft types will enable financing professionals and bankers to make more prudent and effective decision-making within the aviation industry. Last but not least is the fact that market-based financings and still the implementation of structured leasing solutions will offer a paradigm shift and enhanced value transferred from the financial services to the aviation industry.