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Aviation Finance (FIND)

Courses

FIND 695A  Topics in Aircraft Finance I  2 Credits (2,0)

This course is the first of the three required courses for the ISTAT University diploma in aircraft financing. This course introduces students to aircraft selection strategy basics from an airline and leasing company's perspective, including important considerations of mission capability, availability, economics, and availability of financing. In addition, the course provides a detailed review of aviation legal and regulatory framework and discusses applicable governing laws, conventions and treaties, lessor and operator liability, and aviation insurance. Students will also learn principles of aircraft leasing versus ownership, including pros and cons of aircraft ownership, types of leases, lessor and lessee relationship and obligation, and lease accounting. Pre-Requisite: FINE 518 or equivalent or permission of instructor.

FIND 695B  Topics in Aircraft Finance II  2 Credits (2,0)

This course is the second of the three required courses for the ISTAT University diploma in aircraft financing. This course introduces students to airline credit analysis and provides them with tools and techniques to conduct quantitative and qualitative credit analysis of domestic and international airlines. Student will also learn sources of capital and financial instruments that airlines and leasing companies use in aircraft funding. In addition, the course provides a detailed review of the fleet portfolio management and risk management that leasing companies employ to reduce their exposure to aircraft residual values, foreign exchange, interest rate, and other risks. Pre-Requisite: FIND 695A or permission of the instructor.

FIND 695C  Topics in Aircraft Finance III  2 Credits (2,0)

This course is the last of the three required courses for the ISTAT University diploma in aircraft financing. This course provides an in depth review of the principals of maintenance reserve, maintenance reserve economics and rate setting and maintenance reserve management, transactionmodeling for aircraft returns (includes advanced excel simulations) and lease negotiations between the lessor and the lessee Students will also learn advanced excel skills (calculation of IRRs, Multiples, NPV analysis, return of capital, pay back periods, lease earnings) test the model functionality and interpret data from them. Pre-Requisite: FIND 695B or permission of the instructor.