Aircraft are mainly bought by two groups of buyers:
1. Airlines for their own use
2. Operating lessors for onward leasing to airlines
Both groups of buyers require substantial external funding, both debt and equity, to accommodate these purchases.

Historically five key sources have funded the aviation industry:
1. bank debt (secured and unsecured)
2. export credit agency guaranteed debt (secured)
3. capital markets (secured and unsecured bonds; equity and debt solutions)
4. internal cash flow generation
5. tax based leasing products

This is the leading text providing guidance on all the funding options available, the best way to secure funding and how to ensure that robust legal structures framing the commercial deal are in place.

The book is divided into four core sections:

Part A: Market Context which sets the scene giving the user market context and an overview of aircraft financing
Part B: Transaction structuring which looks at the credit, the asset, the legal structuring and tax drivers
Part C: Core Products and Regional Markets (Brazil, Russia, India, China, France, Germany, Spain and Japan)
Part D: Regulatory Matters including accounting developments

Key updates for the new Fifth Edition include:

- New chapters on:
- The environment
- Restructuring
- Compliance
- GATS (Global Aircrafts Trading Systems (GATS)
- Full explanation and analysis of recent regulatory changes including changes brought about by Basel IV

Due to the complexities involved in this area and the need to ensure that any commercial deal is legally sound Aircraft Financing is the essential reference tool for anyone involved in aircraft financing transactions.