Iberia has received the Best Air Finance Team award in the fifth annual awards given by the prestigious specialised publication Airfinance Journal….
Iberia has received the Best Air Finance Team award in the fifth annual awards given by the prestigious specialised publication Airfinance Journal.
The award, based on a survey of readers, went to Iberia because of the dynamic, innovative and cost-efficient fleet financing activity, which enabled the company to carry out its renewal plans under the best market conditions and with the most competitive costs among the large carriers.
The awards were handed out at the annual Airfinance conference held in New York on April 26, which was attended by airlines, aircraft manufacturers, banks, and leasing firms. The conference is regarded as the most important event of its kind.
In its April edition, Iberia`s in-house magazine Iberiavion carried a report
on fleet financing, which included the following information:
whereby the airline becomes the legal owner.
normally secured by the asset itself (like mortgage loans), whereby the
airline becomes the legal owner..
after which the airline may purchase the aircraft. During the leasing period
the owner is the leasing company.
after which the airline returns the aircraft to its owner.
of financial and operational leasing. When the leasing period is over, the
airline may decide whether or not to purchase the aircraft.
leasing of cockpit and/or cabin crews, maintenance, and equipment insurance.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
