Air New Zealand: 44% of fleet unencumberd, 22% under operating lease, 20% JOLCO, rest debt/Ex-Im
Air New Zealand head of funding and fleet transactions Clovis Peryer, speaking at the CAPA Aviation Finance Asia Summit 2013, reported (20-Mar-2013) Air New Zealand's aircraft funding mix in 2013 consists of 44% unencumbered, 22% under operating lease, 20% JOLCO, 9% through secured debt and 5% through Ex-Im. In 2010, the funding mix consisted of 31% through secured debt, 28% operating lease, 21% JOLCO, 10 unencumbered, 8% JOL and 2% US Ex-Im. Mr Peryer stated the increase in funding through its encumbered assets is preparing the carrier to dispose of aircraft including the two Boeing 747s, five 767s and 10 737-300s. He also said the carrier has seven A320s it still has to finance, as well a 10 787-9s, three ATR72-600s, 787 simulator and spare engines.