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From Basics to Balance Sheets: New Book Explains Aircraft Finance

August 16, 2012  |  Aviation
Cover of Aircraft Finance

XOJET Advisory Board member Reza Taleghani has a deep understanding of the operational aspects of the aviation industry and how to explain its inner workings. It’s experience he gained on the job as the former president and CEO of Sterling Airlines 

Now Taleghani and co-authors Bijan Vasigh and Darryl Jenkins are sharing their industry expertise in their new book  Aircraft Finance: Strategies for Managing Costs in a Turbulent IndustryWhether you’re running an airline, operating a corporate fleet or managing your own investments in private jets, Aircraft Finance will answer questions like: How do you most efficiently use the aircraft to ensure a decent rate of return? How do you estimate an aircraft’s value and decide whether it’s worth the maintenance required to care for it? How much investment is too much?

“We wrote this book because we perceived a lack of any relevant texts dedicated to the subject matter of selecting and financing aircraft,” says Taleghani.  “We’ve tried to approach the topic from both the theoretical as well as practical perspectives so that readers get a sense for the various ways to judge value—and the best manner to reduce financing costs—by evaluating various market alternatives.”

Designed for financial planners, airlines, leasing companies, bankers, insurance companies and aircraft manufacturers, Aircraft Finance is designed to equip readers with a solid background in aircraft finance, valuation, leasing, debt financing and securitizations. It includes a detailed methodology to help you more efficiently manage your return on investment and operating costs, as well as to help you more effectively analyze revenue.

Reza Taleghani, Co-Author, Aircraft Finance
Reza Taleghani, Co-Author, Aircraft Finance

“Aircraft values are largely determined by market dynamics,” Taleghani says.  “New aircraft prices are a function of the negotiations between manufacturers and customers, but also factor in the demand for the type of plane being purchased.  We dedicate time in the book to broadening the buyers’ perspective so that they can make sure they’re selecting aircraft according to their true needs.  We also explain various ways to best evaluate value.”

Now a managing director and group head at J.P Morgan Securities, Taleghani began his career in J.P. Morgan’s Global Aerospace Group, where he covered airlines and leasing companies. He then moved into the Securitized Products Group, where he led the company’s efforts in financing transportation assets in the bond markets, including EETCs and pooled aircraft securitizations.The methods described in Aircraft Finance aren’t just theoretical—they’re the result of the authors’ extensive experience in the aviation industry as well as several collaborative research projects and real-world applications.

Co-authors Bijan Vasigh and Darryl Jenkins also bring a wealth of knowledge to the book. Vasigh, a professor of economics and finance at the College of Business at Embry-Riddle Aeronautical University, has written and published many articles about the aviation industry and is the author of several leading textbooks. A 30-year veteran of the aviation industry, Jenkins is a regular commentator for the major TV networks on aviation issues and is regularly quoted in the print media as well.

Aircraft Finance explains in great detail and depth everything from the industry’s ”food chain” to insights into how money is made and lost, giving readers an inside look into—and valuable tools for—a  complex business.

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