Feature: Lending at the bottom of the cycle

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Alex Aupoix, vice president of asset finance at Crédit Industriel et Commercial, discusses about lending in the downtimes. Fewer lenders and good margins in 2009 meant that banks could make quite a bit of money with airfinance transactions in 2010. Alex Aupoix, vice-president, asset finance, CIC, says 2009 was an important year and one of the most active for the bank in a long time.
Credit Industriel et Commercial (CIC) financed about $500 million-worth of aircraft in 2009. That may not seem like a lot compared with some banks. However, considering the......

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