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<br /> The Aviation Industry Leaders Report 2019:<br /> Tackling headwinds<br /> www.aviationnews-online.com www.kpmg.ie/aviation<br /> GROWTH FRONTIERS NEW YORK 2019<br /> 16th-18th October 2019<br /> Intercontinental New York Barclay, New York, USA<br /> Growth Frontiers Conference 40 under 40 & Aviation 100 Americas Awards<br /> Intercontinental New York Barclay, New York Intercontinental New York Barclay, New York<br /> 17th-18th October 2019 17th October 2019<br /> For more information and bookings contact: philipt@aviationnews-online.com or call +44 (0) 1782 619 888<br /> CONTENTS<br /> 3 Foreword<br /> 4 Executive Summary<br /> 8 The State of the Aviation Industry<br /> 11 Regional optimism levels<br /> 28 Aviation Finance<br /> 46 Aircraf<a title="KPMG Report 2019 page 1" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=1"> The Aviation Industry Leaders Report 2019: Tackl</a> <a title="KPMG Report 2019 page 2" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=2"> GROWTH FRONTIERS NEW YORK 2019 16th-18th October </a> <a title="KPMG Report 2019 page 3" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=3"> CONTENTS 3 Foreword 4 Executive Summary 8 Th</a> <a title="KPMG Report 2019 page 4" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=4"> FOREWORD CONTRIBUTORS TO THE 2019 AVIATION INDUS</a> <a title="KPMG Report 2019 page 5" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=5"> AIRLINE ECONOMICS RESEARCH TACKLING HEADWINDS </a> <a title="KPMG Report 2019 page 6" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=6"> Aviation Industry Leaders Report 2019: Tackling H</a> <a title="KPMG Report 2019 page 7" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=7"> EXECUTIVE SUMMARY Passenger travel continues</a> <a title="KPMG Report 2019 page 8" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=8"> EXECUTIVE SUMMARY FINANCING TRENDS Airlines </a> <a title="KPMG Report 2019 page 9" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=9"> Global Leaders in Aviation Finance kpmg.ie/aviat</a> <a title="KPMG Report 2019 page 10" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=10"> The State of the Aviation Industry Rising costs i</a> <a title="KPMG Report 2019 page 11" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=11"> AIRLINE ECONOMICS RESEARCH A irlines ar</a> <a title="KPMG Report 2019 page 12" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=12"> AIRLINE ECONOMICS RESEARCH wide RPK growth is t</a> <a title="KPMG Report 2019 page 13" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=13"> REGIONAL OPTIMISM LEVELS Respondents were once </a> <a title="KPMG Report 2019 page 14" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=14"> AIRLINE ECONOMICS RESEARCH Macroeconomic he</a> <a title="KPMG Report 2019 page 15" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=15"> to acquire troubled Wow Air, which may be acquire</a> <a title="KPMG Report 2019 page 16" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=16"> AIRLINE ECONOMICS RESEARCH in quite a few c</a> <a title="KPMG Report 2019 page 17" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=17"> markets. This is nothing unique. Airlines have sh</a> <a title="KPMG Report 2019 page 18" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=18"> AIRLINE ECONOMICS RESEARCH TOP 30 LEASING COMPA</a> <a title="KPMG Report 2019 page 19" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=19"> chief executive officer of Aviation Capital Group</a> <a title="KPMG Report 2019 page 20" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=20"> AIRLINE ECONOMICS RESEARCH </a> <a title="KPMG Report 2019 page 21" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=21"> Wings Capital's Hannahs notes that more airlin</a> <a title="KPMG Report 2019 page 22" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=22"> AIRLINE ECONOMICS RESEARCH altogether. Some </a> <a title="KPMG Report 2019 page 23" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=23"> continue to run our platform across a wide variet</a> <a title="KPMG Report 2019 page 24" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=24"> GROWTH FRONTIERS LONDON 2019 28th-30th May 2019 </a> <a title="KPMG Report 2019 page 25" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=25"> warehouse facility, but overall it's been a fairl</a> <a title="KPMG Report 2019 page 26" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=26"> AIRLINE ECONOMICS RESEARCH gradual correction a</a> <a title="KPMG Report 2019 page 27" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=27"> a good asset like a 737 or an A320 but that didn'</a> <a title="KPMG Report 2019 page 28" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=28"> AIRLINE ECONOMICS RESEARCH S&P's Snyder see</a> <a title="KPMG Report 2019 page 29" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=29"> interest and depreciation,” says Inglese. “I can'</a> <a title="KPMG Report 2019 page 30" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=30"> Aviation Finance Aviation finance has been in ple</a> <a title="KPMG Report 2019 page 31" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=31"> A irlines, lessors and banks </a> <a title="KPMG Report 2019 page 32" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=32"> AIRLINE ECONOMICS RESEARCH Japanese banks are</a> <a title="KPMG Report 2019 page 33" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=33"> to continue lending without significant impediment</a> <a title="KPMG Report 2019 page 34" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=34"> AIRLINE ECONOMICS RESEARCH down,” he explains. </a> <a title="KPMG Report 2019 page 35" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=35"> to for this report, both highlighted the availabi</a> <a title="KPMG Report 2019 page 36" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=36"> AIRLINE ECONOMICS RESEARCH Bank of China's </a> <a title="KPMG Report 2019 page 37" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=37"> the manufacturer will be reluctant to assign to l</a> <a title="KPMG Report 2019 page 38" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=38"> AIRLINE ECONOMICS RESEARCH with support from UK</a> <a title="KPMG Report 2019 page 39" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=39"> Airbus and another insurance syndicate, dubbed Pr</a> <a title="KPMG Report 2019 page 40" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=40"> AIRLINE ECONOMICS RESEARCH historically low l</a> <a title="KPMG Report 2019 page 41" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=41"> BOC Aviation upsized an oversubscr</a> <a title="KPMG Report 2019 page 42" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=42"> AIRLINE ECONOMICS RESEARCH observing secured </a> <a title="KPMG Report 2019 page 43" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=43"> I believe that there's a real benefit to having a </a> <a title="KPMG Report 2019 page 44" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=44"> AIRLINE ECONOMICS RESEARCH paper secured on vin</a> <a title="KPMG Report 2019 page 45" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=45"> of the current market dynamics and the search for</a> <a title="KPMG Report 2019 page 46" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=46"> AIRLINE ECONOMICS RESEARCH be axes rather than </a> <a title="KPMG Report 2019 page 47" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=47"> for him the greater concern at the moment i</a> <a title="KPMG Report 2019 page 48" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=48"> Aircraft Market As Boeing continues to debate the</a> <a title="KPMG Report 2019 page 49" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=49"> AIRLINE ECONOMICS RESEARCH T echnology </a> <a title="KPMG Report 2019 page 50" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=50"> AIRLINE ECONOMICS RESEARCH how to design a grea</a> <a title="KPMG Report 2019 page 51" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=51"> been impeded significantly for some airlines a</a> <a title="KPMG Report 2019 page 52" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=52"> AIRLINE ECONOMICS RESEARCH an A321, it's the sa</a> <a title="KPMG Report 2019 page 53" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=53"> those kind of levels in the longer term. It's goi</a> <a title="KPMG Report 2019 page 54" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=54"> GROWTH FRONTIERS DUBAI 2019 GROWTH FR</a> <a title="KPMG Report 2019 page 55" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=55"> GROWTH FRONTIERS NEW YORK 2018 GROW</a> <a title="KPMG Report 2019 page 56" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=56"> DigitalTransformation The aviation sector is not </a> <a title="KPMG Report 2019 page 57" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=57"> in technologically advanced thinking. We tend t</a> <a title="KPMG Report 2019 page 58" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=58"> AIRLINE ECONOMICS RESEARCH Final Th</a> <a title="KPMG Report 2019 page 59" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=59"> Smart Decisions in Aircraft Leasing Improve your </a> <a title="KPMG Report 2019 page 60" href="https://secure.viewer.zmags.com/publication/71ee1ae7?page=60"> © 2019 KPMG, an Irish partnership.</a>