Abstract
References
- Airbus Aircraft List Prices_2018 (2019, June). Retrieved from https://www.airbus.com/newsroom/press-releases/en/2018/01/airbus-2018-price-list-press-release.html
- Aircraft Lease rates (2019, July). Retrieved from http://www.aircraftvaluenews.com/aircraft-historical-pricing/
- Aircraft Lease rates and Sale Prices (2019, July). Retrieved from http://speednews.com/
- Aircraft Lease rates and Sale Prices (2019, July). Retrieved from http://www.airfax.aero/jta.htm
- Bhaskara V. (2019, July). Updated analysis: delta order for a350; a330neo hinged on pricing, availability. Retrieved from https://airwaysmag.com/industry/analysis-delta-order-for-a350-a330neo-hinged-on-pricing-availability/
- Chen W, Huang K, Ardiansyah M. (2018) A mathematical programming model for aircraft leasing decisions, Journal of Air Transport Management 69 (2018) 15–25, 3-15
- Damodaran A, (2007) Return on Capital (ROC), Return on Invested Capital (ROIC) and Return on Equity (ROE): Measurement and Implications, Stern School of Business, SSRN Electronic Journal, 7-14
- David, M. E. (2013). Ryanairs Boeing 737-800 purchase, Forbes, 1-3
- Federal Funds Rate - 62 Year Historical Chart, (2019, June). Retrieved from https://www.macrotrends.net/2015/fed-funds-rate-historical-chart.
- Gerasimova V. (2017) Role of leasing for sustainable development of the Russian economy, MATEC Web of Conferences 170, 01051 (2018), 1-4
- Gibson W, Morrell P. (2004) Theory and practice in aircraft financial evaluation, ResearchGate, June 2005, 3-10
- Gritta R. And Lynagh P. (1973) Aircraft Leasing-Panacea or Problem? " Transportation Law Journal 5, No. 1, 10-13
- IATA (2016). Airline Disclosure Guide Aircraft Acquisition, 12-15
- India Plans Aircraft Financing, Plane Leasing as Aviation Booms by Anurag Kotoky July 5, 2019 https://www.bloomberg.com/news/articles/2019-07-05/india-plans-aircraft-financing-plane-leasing-as-aviation-booms
- List of Active Airlines in Turkey (2019, June). Retrieved from https://www.airfleets.net/recherche/list-country-Turkey.htm
- O’Byrne E. (2017, September). Aercap Leasing Company CIO presentation World Financial Symposium 27 – 28 September 2017 Convention Center Dublin (CCD), 7.
- OEM (Airbus/Boeing) official Press Releases for 2018
- Oum T, Zhang A. Zhang Y. (1999) Optimal demand for operating lease of aircraft, Pergamon Transportation Research Part B, 2-3
- Reuters (2019, February). Airbus Jets at 50% Discount? What data reveals Financial Express, 1-7
- Riaz, H. (2016). Valuation of Lease Contracts in Continuous Time with Stochastic Asset Values, 7-8
- Scheinberg, R. (2017). The Commercial Aircraft Finance Handbook, Routledge, NY, 59-60
- Scholnick, M. (2018, May). Why are airlines leasing more aircraft? Airline Economics Finance& Leasing Guide, Issue: 49, 74-77
- Shamshad, A. Hampson N. (2013, January). PwC | Aviation Finance Report, 34-35
- Time Value of Money: Calculating Lease Payments http://www.tvmcalcs.com/index.php/calculators/apps/lease_payments
- Trends and Market Analysis of Aircraft Values report [2016] (2019, June). Retrieved from http://www.aircraftvaluenews.com/a320neo-and-b737-8-lease-rentals-remain-below-expectations/
- Turkish DGCA Activity Report (2018). Turkish aviation market and facts and figures report published by Turkish DGCA, 35-36
- Woods, T. (2019, October). Tackling Headwinds Airline Economics, the Aviation Industry Leaders Report, Airline Economics, 15-16
- Żelazowski K, April 2014 Significance of Residual Value in Asset Valuation, De Gruyter JEL Classification: R30, 3-6
ANALYSIS OF FINANCIAL IMPLICATIONS DUE TO THE ABSENCE OF INDIGENOUS AIRCRAFT LEASING ENTERPRISE IN TURKEY
Abstract
Purpose- To determine the volume of outflows of foreign exchange due to aircraft leases of the Turkish airline companies and to examine the necessity of an indigenous company to prevent this outflow.
Methodology- Collecting data on current aircraft fleets of operating Turkish airline companies, classifying those airplanes by Type/ Model/Determination of lease rates of the similar aircraft from aircraft lease finance market sources (Data Collection). Verification of data on lease rates on a selected mathematical model.
Findings- Estimation of annual volume of economics and outflows of foreign exchange due to aircraft leases of Turkish airline companies.
Conclusion- indigenous aircraft leasing enterprise in Turkey would avoid the flow of finance annually of around $ 2,555,272,000 to out of country economies and would be one of major Lessor’s in the top ten ranking which would provide lease services in the region and obtain additional income to Turkish Economy
Keywords
Leasing aircraft (airliner/airplanes) leasing aircraft leasing company aircraft lessors aircraft leasing enterprise
References
- Airbus Aircraft List Prices_2018 (2019, June). Retrieved from https://www.airbus.com/newsroom/press-releases/en/2018/01/airbus-2018-price-list-press-release.html
- Aircraft Lease rates (2019, July). Retrieved from http://www.aircraftvaluenews.com/aircraft-historical-pricing/
- Aircraft Lease rates and Sale Prices (2019, July). Retrieved from http://speednews.com/
- Aircraft Lease rates and Sale Prices (2019, July). Retrieved from http://www.airfax.aero/jta.htm
- Bhaskara V. (2019, July). Updated analysis: delta order for a350; a330neo hinged on pricing, availability. Retrieved from https://airwaysmag.com/industry/analysis-delta-order-for-a350-a330neo-hinged-on-pricing-availability/
- Chen W, Huang K, Ardiansyah M. (2018) A mathematical programming model for aircraft leasing decisions, Journal of Air Transport Management 69 (2018) 15–25, 3-15
- Damodaran A, (2007) Return on Capital (ROC), Return on Invested Capital (ROIC) and Return on Equity (ROE): Measurement and Implications, Stern School of Business, SSRN Electronic Journal, 7-14
- David, M. E. (2013). Ryanairs Boeing 737-800 purchase, Forbes, 1-3
- Federal Funds Rate - 62 Year Historical Chart, (2019, June). Retrieved from https://www.macrotrends.net/2015/fed-funds-rate-historical-chart.
- Gerasimova V. (2017) Role of leasing for sustainable development of the Russian economy, MATEC Web of Conferences 170, 01051 (2018), 1-4
- Gibson W, Morrell P. (2004) Theory and practice in aircraft financial evaluation, ResearchGate, June 2005, 3-10
- Gritta R. And Lynagh P. (1973) Aircraft Leasing-Panacea or Problem? " Transportation Law Journal 5, No. 1, 10-13
- IATA (2016). Airline Disclosure Guide Aircraft Acquisition, 12-15
- India Plans Aircraft Financing, Plane Leasing as Aviation Booms by Anurag Kotoky July 5, 2019 https://www.bloomberg.com/news/articles/2019-07-05/india-plans-aircraft-financing-plane-leasing-as-aviation-booms
- List of Active Airlines in Turkey (2019, June). Retrieved from https://www.airfleets.net/recherche/list-country-Turkey.htm
- O’Byrne E. (2017, September). Aercap Leasing Company CIO presentation World Financial Symposium 27 – 28 September 2017 Convention Center Dublin (CCD), 7.
- OEM (Airbus/Boeing) official Press Releases for 2018
- Oum T, Zhang A. Zhang Y. (1999) Optimal demand for operating lease of aircraft, Pergamon Transportation Research Part B, 2-3
- Reuters (2019, February). Airbus Jets at 50% Discount? What data reveals Financial Express, 1-7
- Riaz, H. (2016). Valuation of Lease Contracts in Continuous Time with Stochastic Asset Values, 7-8
- Scheinberg, R. (2017). The Commercial Aircraft Finance Handbook, Routledge, NY, 59-60
- Scholnick, M. (2018, May). Why are airlines leasing more aircraft? Airline Economics Finance& Leasing Guide, Issue: 49, 74-77
- Shamshad, A. Hampson N. (2013, January). PwC | Aviation Finance Report, 34-35
- Time Value of Money: Calculating Lease Payments http://www.tvmcalcs.com/index.php/calculators/apps/lease_payments
- Trends and Market Analysis of Aircraft Values report [2016] (2019, June). Retrieved from http://www.aircraftvaluenews.com/a320neo-and-b737-8-lease-rentals-remain-below-expectations/
- Turkish DGCA Activity Report (2018). Turkish aviation market and facts and figures report published by Turkish DGCA, 35-36
- Woods, T. (2019, October). Tackling Headwinds Airline Economics, the Aviation Industry Leaders Report, Airline Economics, 15-16
- Żelazowski K, April 2014 Significance of Residual Value in Asset Valuation, De Gruyter JEL Classification: R30, 3-6
Details
| Primary Language | English |
|---|---|
| Subjects | Finance, Business Administration |
| Journal Section | Articles |
| Authors | |
| Publication Date | December 30, 2019 |
| Published in Issue | Year 2019 Volume: 8 Issue: 4 |
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