Aircraft Valuation

This book is one of the first to explore aviation and aircraft leasing and its values establishing it as a standalone investable asset class within the larger real assets industry. Airplanes are a crucial but capital-intensive component of the global economy. The author, as an academic, researcher, appraiser, advisor and businessperson in the industry, bridges a gap in the existing literature with his analysis of the underlying aviation asset class return and risk profile. The book describes the characteristics, dynamics and drivers of the global, Asia and China specific aviation and leasing landscapes. Recent effects of COVID-19 on aviation and an analysis of the drivers affecting cross border mergers and acquisitions in the industry are also investigated. The book includes 20+ years of empirical aircraft valuation evidence and analysis of its characteristics establishing the aircraft and sub-segments as asset classes. In addition, characteristic comparisons to other real asset subclasses and benchmarks are examined. This book will be of interest to academics, financiers, investors, industry participants and more general aviation enthusiasts.

Provides a detailed analysis of aircraft leasing and pricing practices with an emphasis on the ever-growing Chinese aviation market Combines academic and industry research with an analysis of the underlying aviation asset class return and risk profile Highlights the ways in which the fields of transportation and logistics are developing in Asia

Autorentext

David Yu Ph.D., CFA is a finance professor at New York University Shanghai where he teaches and specializes in cross border investing and financing with a focus on real assets including aviation. He is Chairman of China Aviation Valuation Advisors (CAVA) and its sister firms, Asia Aviation Valuation Advisors (AAVA), Korea Aviation Valuation Advisors (KAVA). Prof. Yu is Co-Founder of Inception Aviation Holdings, a family aviation investment and financing firm.

Inhalt

1. Introduction.- 2. Background Concepts and Definitions.- 3. Global Aircraft Leasing Industry Characteristics.- 4. China Aircraft Leasing Industry Characteristics.- 5. Empirical Aircraft Asset Pricing.- 6. Comparative Examination Between The Aircraft And Other Asset Classes.- 7. Conclusion.