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Air Finance Journal - July/August 2008
Essay specific features
Written by:
Lillian G
Date added:
November 1, 2014
Level:
University
Grade:
A
No of pages / words:
46 / 12828
Was viewed:
5451 times
Rating of current essay:
Essay content:
Although the Federal Reserve and the companies which invested in these subprime structures began to prepare for the worst, the implications for aviation were still in the pipeline.
The impact on the industry might have been further delayed had the demand for fuel not forced the cost of the commodity to unprecedented high levels...
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But as the increased cost of borrowing and fuel began to take their toll, flights were scrapped from consumers' budgets and airlines responded by cutting capacity.
Despite these moves, the operating lessors kept their cool. After all, one of them had closed the most innovative portfolio securitization of the year, with the equity fully sold to institutional investors and hedge funds...
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