Practice Study On Aircraft Financing Lease

China civil aviation has made outstanding progress since the open up for the 30 years. The quantity of advance Aircraft has reached 1134 until 2007. The volume of RTK, passenger Carry and Cargo & mail respective are 36.53billion Ton kilometer, 186 million person and 4.018million Ton. Which are 122,80 and 63 times against 1978. The rank of aerial lines in the world is raised from 37th to the second from 1978 to 2007. And it could expect that from 2009 to 2020, China will get more than 2500 new aircrafts In the 12 years, which values more than 260 billion USD. But the average profit rate of the industry is less than 4%, the own capital accumulation could not meet the requirement of future aircrafts purchase. So how to finance the aircraft will be huge challenge for the developing China civil aviation industry.Financing lease has developed very quickly since the last fifties. In the developed country this leasing has exceeded the banking loan, becomes the major way for fixed assets financing .Aircrafts financing leasing could guarantee the lessor's capital safety, also could provide low cost capital to the Airlines. That's why it has became popular in the international market, as well as the most important finance way for China Airlines. Fully understand the finance tool, lower the finance cost, recognize and avoid the unnecessary risk has become the basic quality for the aircraft finance people.Aircraft financing lease usually gets different facility, require special knowledge and deal volume is huge, the flow time is longer, risk points complicate, so a little negligence will result in big loss for the Airlines. And now, there is relative shortage of the specialist on the financing lease. The documents and profiles shortage is the key reason of the specialist's training and improvement lag behind, which is not good for the industry development quickly and healthy.In this thesis, the writer study and summarize the aircraft financing lease practice combined the own years experience and documents collecting. Hope this thesis could do some helpful to the future work. The writer introduce the current situation and develop trend of Modern lease( financing lease ) and China civil aviation industry, analysis the original background of financing lease, the special feature of the lease and the important role in the modern economic life and aviation industry. Then, the writer analysis and study the feature ,impact feature ,basic deal procedure of financing lease in detail from the practice perspective. At the same time the writer also introduce and study several deal facility of the two main popular financing lease (ECA-banked financing lease and tax leveraged lease) in the market in detail. Finally, the writer introduced the latest Japanese operating lease deal furnished by the Airlines briefly.