Airlines Face Three More Years of Tough Times, Reports AirlineMonitorWeekly.com.Business Editors SEATTLE--(BUSINESS WIRE)--Feb. 12, 2002 Airlines face up to three more years of tough times before recovery, predicts the president of the world's largest aircraft leasing company. Henry Hubschman, president of GE Capital Aviation Services, said the industry was already in a downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. well before September September: see month. 11 and faces two to three more years of tough times before recovery can be expected. GECAS GECAS General Electric Commercial Aviation Services owns and manages about 1,000 jets, leasing them to the world's airlines. The aircraft leasing industry isn't as high-profile nor as sexy as the airlines, but it is a vitally important segment to the commercial aviation industry. GE Capital Aviation Services and International Lease Finance Corp. -- are two of the most important customers Airbus and Boeing have. When airlines get into trouble, lessors are quickly asked for help. Lease rates and aircraft values decline. Thus, the leasing industry is one of the many barometers of the health of the industry. AirlineMonitorWeekly talked with some of the largest lessors in this Special Report: GECAS Says Down Market Will Last Up to Three Years GATX GATX General American Transportation Corporation Divorces Flightlease and Moves On ILFC ILFC International Lease Finance Corporation ILFC International Lunar Finance Commission (TV show: Space: 1999) Faces Graver Conditions Than 11 Years Ago Other Stories in this week's AirlineMonitorWeekly.com: Lombard Aviation Capital: Pick and Mix Off-Balance Sheet Debt at the Airlines Second TransBrasil President Out; Deadline on Feb. 13 After Loss, British Air Denies Talks of New Low-Cost Airline AirlineMonitorWeekly.com is published every Tuesday and provides news, analysis, interviews and commentary about the world's commercial aviation market. The AirlineMonitorWeekly.com writers are among the most experienced in covering the airline industry in the world. The subscription price is only $200 a year. www.AirlineMonitorWeekly.com The Airline Monitor magazine is a leading industry source for forecasting airline and commercial aircraft market trends. It is published 10 times a year by Edmund S Edmund, 921–46, king of Wessex (939–46), half brother and successor of Athelstan. Immediately after his accession he had to face an invasion of Irish vikings led by Olaf Guthfrithson. . Greenslet, designed to provide subscribers with a timely flow of airline traffic and financial data and includes world commercial jet aircraft and engine delivery forecasts looking out 25 years. www.AirlineMonitor.com Airline Capital Associates is a consulting and financial advisory firm specializing in the commercial airline, aerospace and transportation-related industries, with a special niche in the airline and airport support service businesses. ACA ACA - Application Control Architecture recently added an Emerging Market Practice. ACA is affiliated with The Airline Monitor and provides administrative and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for AirlineMonitorWeekly.com. www.AirlineCapital.com |
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