Fierce competition, cheap money pressure aircraft lease rates -StanChart
February 12, 2018 at 11:03 AM EST
SINGAPORE, Feb 12 (Reuters) - Intense competition in the $261 billion global aircraft leasing sector triggered by an abundant supply of cheap money is putting pressure on lease rates, a senior executive at Standard Chartered Bank said. While airlines' profitability and traffic growth remain strong, the leasing industry is having to balance this with tighter margins and falling residual values of planes as Chinese money floods the market.
