Presentation - Euler Hermes
Presentation - Euler Hermes
Presentation - Euler Hermes
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2013<br />
... but at a high risk<br />
Risks and uncertainty affecting this virtuous circle<br />
Airlines<br />
?<br />
DROP IN PROFITABILITY<br />
Aerospace industry - Air transport / Sector surveys<br />
© Copyright <strong>Euler</strong> <strong>Hermes</strong> 13-12-2012<br />
Aircraft<br />
manufacturers<br />
INDUSTRIAL PROBLEMS<br />
� Disruption of delivery schedules<br />
?<br />
Leasing<br />
DESTABILIZATION OF<br />
THE MODEL<br />
� Reduced solvency that prevents certain<br />
airlines from honoring their commitments � Aftermarket affected by the lack of funds<br />
?<br />
� Profitability damaged by downward pressure on<br />
leasing rates and/or faster depreciation of large<br />
fleets of conventional single-aisle aircraft<br />
25
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