Airlines will continue to enjoy ready access to financing for new aircraft acquisitions, as funding sources such as bonds grow in importance as options for financial support, according to Boeing’s seventh annual aircraft finance market forecast. The report, released in London on December 10, said that while export credit agency funding will decline in significance in the coming years, the industry will see a more even balance among carriers’ use of bonds, leases and loans from banks and capital markets. One growing trend internationally involves the use of asset-backed bonds called enhanced equipment trust certificates. Boeing expects capital markets to account for 14 percent of all aircraft financing this year (down slightly from the 15 percent forecast in its previous report), compared with just 3 percent in 2010. It expects the rate to increase to around 22 percent next year.
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