Boeing talks money

BOEING’S money man (Managing Director Capital Markets Development – Aircraft Financial Services) Kostya Zolotusky was in London last week to talk to the city and brief the media regarding the vital finance side of aircraft sales, both new and second hand.  He made it clear that the markets had stabilised, equity was available and there were no distressed sales.  He claimed that over the last ten years investment in aircraft gave a better return than property.  He also said that with the Airbus A380 no longer being developed as a cargo aircraft the 747-8 would have a longer life span.  Former passenger configured 747s have always made for fine freighters, albeit in small numbers.  However since sales of the series eight aircraft will only ever be in relatively small numbers a much larger proportion of these are likely to be eventually converted. www.boeing.com/commercial

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