Feature: German financiers' cautious return

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Ask most airlines where to find big-ticket underwriting and they will point to Europe, with German banks playing a key role. But Germany’s large banks suffered during the financial crisis, and sharply cut lending.

In 2009 BayernLB closed its aircraft and shipping finance business. WestLB closed offices in London and New York in 2008, while HSH Nordbank put most lending on hold in 2009-2010. To reduce risk, many lenders decided to participate in......

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