Study On Airlines Aircraft Financing Options

Airlines as a typical representative of capital-intensive enterprises, financing issue is the main problem of their financial decisions. The aircraft is the most important assets of the airlines, aircraft financing is the core content of Airlines Company financing. The author work in the airlines, with several years of learning in MPAcc, makes the study of airline financing, the financing choice of airlines to help draw.This paper, taking Chengdu airlines financing choice as a case study, airlines in the expansion stage of development should be combined with equity financing, mainly on debt financing, in mature stage should adhere to the equity financing and debt financing in two ways, and use new method of financing. The main contents of this article are as follows:The first chapter is the introduction, to clarify the background and significance, research ideas and frameworks, research methods and main contribution and limitation; The second chapter, Airlines financing related concepts and theories, clarifies the related concepts, theories of financing and financing theory; Chapter three Analysis of the current situation of China’s aviation industry, analysis of the current situation of China’s aviation industry, operation characteristics and financing conditions; The fourth chapter analyzes China’s aviation industry financing, introduced the current strengths and weaknesses of the main means of financing and financing risk; Chapter five is Chengdu airlines financing present situation analysis, introduce the basic situation of Chengdu airlines, financing present situation, the problems existing in the current financing and its reason analysis; The sixth chapter Chengdu airlines company financing options, analysis of changes in Chengdu air current financing environment. To elucidate the different in the expansion of the development and the mature stage financing mode choice, and points out problems should be noticed in the process of financing mode selection.Through the investigation in this paper, to provide reference information for airlines corporation financing options. Airlines should be combined with the change of the internal and external financing environment, in different stages of development should adopt different financing mode. At the same time, the airlines should be multi-level financing mode, this paper in the financing method choice of airlines also need further research.