Experts attending recent aircraft finance conference expect demand to be highest in the Middle East
GENEVA, Switzerland (May 18, 2011) – New research from Hawker Beechcraft Corporation (HBC) and Corporate Jet Investor among aviation finance experts reveals that, over the next five years, the majority expect demand for aviation finance to increase slightly or dramatically in the Europe, Middle East and Africa region. None of those interviewed anticipate demand to fall. The companies conducted a poll of 48 aviation finance experts at the International Corporate Jet & Helicopter Finance 2011 conference.
“The business aviation market is steadily recovering after it bottomed out last year,” said Kirsten Bartok, HBC vice president, Global Aircraft Financing. “Our research suggests that we can expect emerging and developing markets, which are projected to enjoy sustained growth over the next few years, to provide a growing opportunity for corporate aircraft lessors and lenders. We believe this will be supported by a maturing aviation finance market. Given that we are a truly global business, driven in a large part by developing market sales, this represents a promising future.”
“These are exciting findings for the private aviation market,” said Alasdair Whyte, editor, Corporate Jet Investor. “However, it clearly shows that although we can expect growth in the core markets such as the United States and Western Europe, emerging markets such as the Middle East and Asia, will see the biggest expansion over the next few years, and this is clearly where some of the best opportunities will be for manufacturers and aviation finance experts.”
Results from the poll are as follows:
||Percentage of aviation finance experts who expect demand for finance to:
||Increase dramatically over the next 5 years
||Increase slightly over the next 5 years
||Fall over the next 5 years
|Russia & CIS
Hawker Beechcraft Corporation is a world-leading manufacturer of business, special mission and trainer aircraft – designing, marketing and supporting aviation products and services for businesses, governments and individuals worldwide. The company’s headquarters and major facilities are located in Wichita, Kan., with operations in Salina, Kan.; Little Rock, Ark.; Chester, England, U.K.; and Chihuahua, Mexico. The company leads the industry with a global network of more than 100 factory-owned and authorized service centers. For more information, visit www.hawkerbeechcraft.com.
This release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including statements that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management’s assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results may differ significantly from those envisaged by our forward-looking statements. Among the factors that could cause actual results to differ materially from those described or implied in the forward-looking statements are general business and economic conditions, production delays resulting from lack of regulatory certifications and other factors, competition in our existing and future markets, lack of market acceptance of our products and services, the substantial leverage and debt service resulting from our indebtedness, loss or retirement of key executives and other risks disclosed in our filings with the Securities and Exchange Commission.