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These excerpts taken from the AYR 10-K filed Mar 2, 2009. Lease
Management and Remarketing
Our aircraft re-leasing strategy is to develop opportunities
proactively, well in advance of scheduled lease expiration, to
enable consideration of a broad set of alternatives, including
both passenger and freighter deployments, and to allow for
reconfiguration or maintenance lead times where needed. We also
take a proactive approach to monitoring the credit quality of
our customers, and seeking early return and redeployment of
aircraft if we feel that a lessee is unlikely to perform its
obligations under a lease. We have invested significant
resources in developing and implementing what we consider to be
a state-of-the-art lease management information system to enable
efficient management of aircraft in our portfolio.
Lease Management and Remarketing Our aircraft re-leasing strategy is to develop opportunities proactively, well in advance of scheduled lease expiration, to enable consideration of a broad set of alternatives, including both passenger and freighter deployments, and to allow for reconfiguration or maintenance lead times where needed. We also take a proactive approach to monitoring the credit quality of our customers, and seeking early return and redeployment of aircraft if we feel that a lessee is unlikely to perform its obligations under a lease. We have invested significant resources in developing and implementing what we consider to be a state-of-the-art lease management information system to enable efficient management of aircraft in our portfolio. This excerpt taken from the AYR 8-K filed Sep 26, 2007. Lease Management and Remarketing Our aircraft re-leasing strategy is to develop opportunities proactively, well in advance of lease expiries, to enable consideration of a broad set of alternatives, including both passenger and freighter deployments, and to allow for reconfiguration/maintenance lead times where needed. We have invested significant resources in developing and implementing what we consider to be a state-of-the-art lease management information system to enable efficient management of aircraft in our portfolio. Potential re-leasing opportunities are sourced globally and screened with respect to multiple factors, including rental rates, lease term, redeployment costs, lessee credit and jurisdiction, and the level of security deposits, maintenance reserves and other protections.
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Remarketing of aircraft for placement on new operating leases is undertaken by a highly experienced marketing team with a well established market profile and extensive contacts. We have representatives based in the United States, Europe and Asia who provide global coverage. Our marketing team has an ongoing dialogue with a wide cross section of airlines, the original equipment manufacturers and other significant industry participants to keep closely apprised of market developments affecting airline fleet requirements and emerging aircraft supply and demand opportunities. Our current strategy is to focus on the acquisition, leasing and management of owned aircraft rather than seeking to enter third-party aircraft management business. We currently manage five aircraft on behalf of Fortress-related entities, but we are not actively pursuing other third-party aircraft management business. | EXCERPTS ON THIS PAGE:
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