Quickfire interview: Ryanair's CFO on airline treasury and financing issues in 2012
In the middle of his company's bid for Aer Lingus, launched on June 19th, we caught up with chief financial officer of Ryanair Howard Millar and asked him for his views on some key questions on treasury and financing issues facing airline CFOs this summer. In the interview, Millar gives his views on the industry's outlook for 2012 and beyond.
Modern treasury issues in aircraft finance
By deploying a suite of treasury tools including new instruments such as aircraft secured bonds and other new leasing options, as well as new and tried and trusted balance sheet hedging strategies, airlines can optimise their myriad of exposures to both P&L and balance sheet while ensuring the smooth daily operation of the carrier. We plan to explore all of these issues in greater detail in future editions of Aviation Finance, Joe Gill writes.
Opportunity for those with solutions as a new aircraft financing gap opens up
Amid the current financial uncertainty some very fundamental assumptions inherent to the nuts and bolts of how airline operational business models function and how their aircraft financing needs are addressed are being challenged. CIAN DOOLEY on the current financing landscape.
EADS move to price in euros rather than dollars
August 10th: EADS, The parent of Airbus, is reported to be in talks with airline customers about payments in euros as a hedge against US dollars. This is designed to assist Airbus in its hedging policies.