AFIC growth accelerates on 'hard numbers and objective facts, not smoke and mirrors'
In its first year the Marsh-sponsored Aircraft Finance Insurance Consortium (AFIC) closed approximately $1.5 billion in financing on 16 Boeing aircraft for five customers. This year it is already mandated on 14 aircraft and expects to win a substantial portion of offers it has made on a further 60 aircraft. In a wide-ranging review of its first year in operation, AFIC Managing Director, Transaction and Business Development Leader, Robert Morin, (formerly head of the tranportation division of US EXIM), explained to Aviation Finance's John Stanley why he hasn't stopped smiling since he joined the new aircraft non-payment insurance provider last June. He discusses the cyclicality of the aircraft finance industry, AFIC's significant growth plans, the possibility of eventually expanding the original insurance panel and maybe of even extending cover to other OEMs and aircraft asset classes.
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Vol. 8 Issue 9 of Aviation Finance