COMMERCIAL AIRCRAFT FINANCE ENTITY
for Africa and the Indian Ocean
Equity, debt and capital markets tend to favour lessors over airlines.
Incomplete ‘open skies’ has helped to hand the initiative to non-African airlines, resulting in high level of permanent capital outflows and lost opportunity.
Current aircraft supply arrangements also result in high level of permanent capital outflows and lost opportunity.
Nine of the world’s top 20 fastest growing traffic flows over the next 20 years forecast to be to/from/in Africa.
Almost half of the African jet fleet is 15 years or older: bad for reliability, profitability and the environment.
Greater empirical understanding of the relationship between air traffic and economic growth and development.
Marked change in emphasis from Aid to Trade on all sides.
Current infrastructure spending contains structural inefficiencies.
Leasing, perceived to be higher in the ‘food chain’ than airlines, is increasing its market share of aircraft ownership towards 40%.
Direct, indirect and catalytic effects of air traffic development largely denied to 15 African countries on European Commission ‘Blacklist’.
Relative to OEMs, difficult for individual airlines to achieve economies of scale, and centres of excellence, in aircraft and engine transactions.
Infrastructure agencies open to broader interpretation of infrastructure.
