我国开展飞机融租赁的模式与风险研究.docVIP

摘 要 融资租赁作为航空公司引进飞机、增加运力、调整机队结构的一种主要方式，已被世界各国航空公司所广泛采用。我国自1980年首次采用美国投资减税杠杆引进两架波音747SP飞机以来，至今已经积累了近30年的飞机融资租赁经验。中国经济与民航运输业的高速发展，为飞机等航空设备融资租赁市场提供了巨大的需求空间。随着中国大型客机国产化战略的持续推进，不论是从市场规模还是国家航空产业政策的角度，都会催生很多促进该行业发展的利好信息。在航空产业链中，航空租赁产业是沟通产业链上下游、联结实体经济与金融资本的平台，是航空经济生态系统的枢纽。这样一个完整的航空产业链，能够产生巨大的产业集群效应。奇龙航空租赁有限公司（中国）Research on the Business Model and Risk Management of Chinese Aircraft Financial Leasing ABSTRACT As the main way of purchase new aircraft and improvement fleet structure, aircraft leasing has been adopt by many airlines all over the world. The history of air finance leasing in our country is more than 30 years. The first attempt is introduced two 747SP by American Investment Tax Credit Leveraged Lease in 1980. The high speed development of Chinese economy and air transportation give great chance to air financial market, such as aircraft and engine leasing. In the coming years, as the strategy of Chinese-made large passenger aircraft project continued, there must be many benefit information in aircraft leasing market and industry policy to promote an unprecedented high speed growth in Chinese financial leasing. In this paper, firstly we give a brief introduction of the basic concepts and major processes of aircraft leasing, than we used the SWOT to carry out the feasibility analysis of aircraft leasing in Chinese market. The main novelty of this paper is the systematic analysis and research on international mainstream way of aircraft finance lease, and based on the combination of Chinas current market environment and policy characteristics, conducting our aircraft financial leasing model, deal structure, and risk management. In addition, this paper present relatively risk factors, according to the case of Aercap aircraft leasing, we carry out an empirical analysis and get corresponding preventive measures and recommendations with certain practical operability. Chen Haoye（International Trade） Directed by Professor Pan