AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
NordLB's head of aircraft finance, Harald Brauns, speaks about the bank's anti-cyclical strategy and it's 30-year commitment to aviation clients.
When NordLB first started financing aircraft in the mid-1980s it began with a couple of A300-600Rs for American Airlines. Twenty-five years later, the German bank, which has a portfolio of 740 aircraft and €7 billion ($9.4 billion) of aviation exposure, is planning to expand. The airfinance department emerged when partners from shipping transactions asked the bank to join them in aviation transactions. NordLB is one of only a handful of banks still offering commercial loans to finance aircraft. Harald Brauns, its head of aircraft finance, has been there since the beginning. "Aviation within NordLB is my baby," says Brauns. "We had our skills and knowledge in asset finance from the shipping side and thought it would be a good idea to diversify our asset base, so it was a logical step to do aviation transportation."
Through the years Brauns has learned that even good credit airlines fail. Good assets......
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