aircraft-leasing-expands-in-asia

Aircraft leasing expands in Asia

Airline losses can mean gains for aircraft lessors as airlines seek to shore-up balance sheets.
October 21, 2008
As airlines face a global slowdown, aircraft leasing companies continue to perform well. As if to demonstrate this fact, Guggenheim Aviation Partners this week opened a representative office in Singapore to better serve AsiaÆs growing aircraft leasing market.

US-based Guggenheim Aviation PartnersÆ GAP new Singapore office complements its existing Hong Kong office. The presence in Southeast Asia allows GAP to expand its $2.7 billion portfolio of new and used commercial aircraft further into the region. Stephen Barnes, former treasurer of Singapore Airlines, will be director of the new office.

The Singapore office will work to further extend our global reach, says GAP managing director Paul Newrick. The company, which acts as a lessor of...
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