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 Holdings provides a full complement of asset management, investment banking, and management consulting services globally to the aviation industry through its subsidiaries SkyWorks Leasing and SkyWorks Capital. SkyWorks Leasing, which operates the firm’s Asset Management Group, is a leading independent aircraft remarketing firm and provides turnkey third-party portfolio asset management, remarketing, and technical advisory services for owners and operators of commercial aircraft. SkyWorks Capital, which operates the firm’s Investment Banking and Management Consulting Groups, is a premier aviation advisory and investment banking firm founded in 2002.
SkyWorks has performed services encompassing over 10% of the global commercial jet fleet. SkyWorks has advised on aircraft order campaigns for over 1,100 aircraft; arranged lease and debt financing of more than $20 Billion; performed asset management and servicing on over 150 aircraft with over 80 aircraft currently under management; remarketed and traded over 250 aircraft; undertaken portfolio and M&A related evaluations on over 2,600 aircraft; performed restructuring advisory in connection with more than 1,800 aircraft; and provided network and fleet planning advisory encompassing 300 aircraft.
SkyWorks operates globally with offices in Greenwich, CT., Dublin, and Singapore, and with senior team members located in additional regions around the world.
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