Steven T. Gaal, Managing Director & Co-Founder of SkyWorks Holdings, LLC, in his article “Examining Aviation Finance”, discusses the need for more robust approaches to measurement of risk-adjusted returns from aircraft leasing investments. Gaal makes the case that leases of commercial aircraft that are of similar age and liquidity profiles to similar counterparty credits can yield material differences in investment outcomes should a default by the underlying credit occur. He argues for more protections in operating leases depending on the particular facts and circumstances at hand. An electronic version of the article can be found at the following URL:
About SkyWorks Holdings, LLC:
SkyWorks provides a full complement of leasing, investment banking and advisory services exclusively dedicated to commercial aviation. We specialize in aircraft lease origination and provide a full set of aircraft and lease management services for airlines and investors. SkyWorks is also a premier advisory and investment banking firm with key activities including financing arrangement, order campaigns, restructuring advisory, and network and fleet advisory. Our track record encompasses over 10% of the global commercial aircraft fleet.
SkyWorks is headquartered at 283 Greenwich Avenue, Greenwich, CT. 06830, Tel. 203-983-6677.
Managing Director & Head of Asset Management
+1 (203) 983-6683
Managing Director & Head of Investment Banking
+1 (303) 663-6630
Managing Director & Head of Management Consulting
+1 (203) 983-6685