Lufthansa had to wait longer than planned for the long-haul jet. In order to cope with the ambitious fleet modernization, the management wants to rely more on leasing than before.
(Photo: dpa)
Frankfurt First the pandemic forced the planes to the ground, then the Russian market was lost due to sanctions in the wake of the war in Ukraine. Aircraft leasing providers can look back on difficult years.
But that’s in the past. Aircraft financiers are now looking to the future with confidence.
“There is consensus in the industry: things are going uphill, despite the harsh conditions,” says Stephan Gundermann, Head of Aviation Portfolio Management at KGAL. The company, based near Munich, manages investments with a volume of around EUR 15 billion, of which more than EUR 2 billion is in the form of aircraft financing.
“The really big crisis is over, but there are still after-effects,” Gundermann continued. For example in Russia.
Because of the attack on Ukraine, the EU and other countries had imposed sanctions on Russia. Among other things, aircraft and spare parts may no longer be delivered to the country.
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