In this issue
Since the start of the year there have been many reminders from both the economic and political spheres of the volatilities that surround even the most benign of long term economic forecasts. Airline financing has basked in such a benign medium term to long term outlook for some years now, but when the unexpected and extreme volatility comes on to the horizon it is cause for us to recalibrate our base case scenarios. The importance of putting in place better financing and banking programmes is put in perspective by our interview with Citi's Tom Hollahan and his team. Japanese LCC Skymark's placement in court protection, and other worries relating to the security of leased aviation collateral should increase the resolve of industry credit analysts to strengthen hedging strategies.

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Vol. 5 Issue 3 of Aviation Finance