Crisis gives plane lessors lesson in financing

NEW YORK) Aircraft leasing companies have learned a lesson from the financial crisis: tap every possible financing source as cheap funding backed by parents such as American International Group Inc and Royal Bank of Scotland becomes a thing of the past.

Lessors such as AIG's International Lease Finance Corp (ILFC), one of the largest in the industry, for years relied on their parents' stellar credit ratings, but were left out in the cold in the financial crisis.

Now, as airlines turn profits again and traffic rebounds from the crisis, leasing companies are eyeing growth, but face a challenging financing environment where they must look at all avenues to fund operations, executives said at an industry conference on Tuesday.

'Leasing companies are going to need to be in a position where they will be able to......

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