IBA's Phil Seymour: delays in new aircraft deliveries and low oil prices have allowed airlines and lessors kick the impairment can down the road
In the January 24th 2019 issue of Aviation Finance: Phil Seymour, the CEO and President of IBA in an exclusive interview expresses his concerns that delays in new aircraft deliveries and low oil prices have allowed airlines and lessors kick the impairment can down the road. He also criticises the ‘cosy’ relationship that has developed between companies and their auditors, with the latter relying on ‘management information’ with regard to values.