Research On Asset Securitization Financing Scheme Of L Airlines

At present,China's civil aviation industry is constantly promoting the innovation and reform of small and medium-sized private aviation companies participating in the industry,encouraging small and medium-sized private aviation companies to increase investment and realize their own development.However,under the economic policy of "de-leveraging and preventing risks",finding new financing channels has become a problem that small and medium private aviation companies must solve.With the beginning and practice of asset securitization in China for more than 10 years,asset securitization has shown its advantages.It has also become a new option for corporate financing and a new method to solve the financing needs of small and medium-sized private aviation companies.This article will take L Airlines as an example and use asset securitization to provide new ideas for financing aviation companies.This article will clearly explain the theory of asset securitization,the feasibility study of the civil aviation industry policy environment and the feasibility study of L Aviation's internal asset securitization design,and demonstrate the feasibility of L aviation asset securitization.From the analysis of three modules: asset pool construction,SPV formation,and credit enhancement,a financing plan for L Aviation BSP air ticket asset securitization was proposed.Then for the L Aviation BSP air ticket asset securitization project,reasonably analyze and predict the cost of financing and compare it with other financing methods.The results show that the financing cost of L Aviation BSP air ticket asset securitization is equivalent to the issue of corporate bonds.The cost has been reduced.Asset securitization is not only a good financing option for L Aviation.With the vigorous development of asset securitization in China,the accompanying difficulties and risks are gradually exposed.This article also explains the difficulties and risks that L Aviation will encounter when issuing asset securitization projects,and makes recommendations.The final study shows that securitization of LSP BSP air ticket assets is a new financing option.Similarly,it has effectively shortened its financing chain and supported the healthy development of small and medium-sized private aviation companies while preventing risks.