Sc航空股份有限公司飞机融资租赁贷款评估

发布时间：2018-04-04 08:58

本文选题：飞机　切入点：融资租赁　出处：《西南财经大学》2013年硕士论文

【摘要】：飞机租赁于20世纪初起源于欧洲,而真正意义的飞机租赁则起源于60年代的美国,我国开始引入飞机租赁则是在上世纪80年代,并且在随后的几十年来飞速发展,但是国内航空公司由于自有资金的不足,通过何种融资模式来降低融资成本,扩充运营机队,一直是我国各大航空公司需寻求解决的问题。融资租赁已经成为航空公司引进飞机来增加运力,提高运营的一种主要模式,在世界范围内已经被主要航空公司所采用。融资租赁是航空产业链里沟通上下游、将实体经济和金融资本联结的平台,可以产生巨大的产业效应。在未来的几十年里,融资租赁将在我国航空业里取得前所未有的发展。本文主要站在金融机构的角度,即银行作为债权人,选取SC航空公司为例来进行信贷项目分析,即以SC航空公司作为借款人——融资租赁的承租方,需要引进飞机来发展机队、提高运力和增加营运收入,需要向银行获得授信支持来支付融资租赁的费用。银行通过介绍该项目的信贷情况,分别从SC航空公司的基本情况、股东背景、经营情况、财务情况以及银行对其融资所带来的收益及风险来分析是否可以对SC航空公司引进飞机进行融资租赁贷款支持。本文第1章介绍了研究的背景、目的及意义,国内外学者对融资租赁的研究情况,比较了国外银行和国内银行对于飞机融资租赁贷款的不同评价方式；第2章主要介绍了融资租赁的基本概念以及主要特点及优势,得出引进飞机通过融资租赁有着与其他融资方式不可比拟的优势；第3章通过对国内航空运输业的状况进行分析,回顾了近年来的航空业运行情况,展望未来的发展趋势；第4章引入SC航空公司案例,以SC公司作为借款人,对SC航空公司的各项基本情况进行客观评估,第5章则通过对SC公司现金流测算,还款来源预计以及向公司提供贷款给银行带来的收益得出向SC公司融资租赁贷款的方案；第6章则是在以上的基础上,评估银行所面临的风险,以及应对风险的措施；第7章进行全文总结,指出创新点和不足。本文的创新点在于站在银行的角度,且是本人亲自参与的项目评估,通过对航空业融资租赁的概念引入SC航空公司的信贷项目案例。并通过对其收益和风险的评估来确定银行是否对其进行贷款支持,将实际工作与理论相结合,对其他金融机构如何分析对航空公司的融资租赁提供授信支持,起了一定的参考作用。本文的不足在于由于工作的原因使得案例叙述较多,评估方法的创新上有所欠缺,未来还需要将评估的指标体系进一步优化和创新。
[Abstract]:Aircraft leasing originated in Europe at the beginning of the 20th century, and the real meaning of aircraft leasing originated in the United States in the 1960s. The introduction of aircraft leasing in China began in the 1980s and developed rapidly in the following decades.However, due to the shortage of domestic airlines' own funds, how to reduce the financing cost and expand the air fleet through what financing mode is always the problem that the major airlines of our country should seek to solve.Financial leasing has become a major mode for airlines to introduce aircraft to increase capacity and improve operation, which has been adopted by major airlines worldwide.Financial leasing is a platform to link up and down the aviation industry chain and link real economy and financial capital, which can produce huge industrial effect.In the coming decades, financial leasing will achieve unprecedented development in our aviation industry.This article mainly stands in the financial institution's angle, namely the bank as the creditor, selects SC airline as the example to carry on the credit project analysis, namely takes SC airline as the borrower-the finance lease lessee, needs to import the plane to develop the flight fleet,Increased capacity and increased operating income require credit support from banks to cover the cost of financing leases.By introducing the credit situation of the project, the bank separately introduces the basic information of SC Airlines, the background of shareholders, and the operation of the company.The financial situation and the bank's income and risk from its financing are analyzed to see if it is possible to finance and lease the aircraft to SC Airlines.The first chapter introduces the background, purpose and significance of the research, domestic and foreign scholars on financial leasing research, compared with foreign banks and domestic banks for aircraft financing lease loan evaluation of different ways;Chapter 2 mainly introduces the basic concept, main characteristics and advantages of financial leasing, and draws the conclusion that the introduction of aircraft through financial leasing has unparalleled advantages compared with other financing methods. Chapter 3 analyzes the status of domestic air transport industry.This paper reviews the operation of the aviation industry in recent years and looks forward to the future development trend. Chapter 4 introduces the case of SC Airlines, taking SC Company as the borrower to carry out an objective assessment of the basic conditions of SC Airlines,Chapter 5 is based on the calculation of SC company's cash flow, the estimated repayment source and the income from the loan to the bank. Chapter 6 is based on the above.Assess the risks faced by banks and the measures to deal with them; Chapter 7 summarizes the full text and points out the innovations and shortcomings.The innovation of this paper lies in standing in the angle of the bank, and it is the project evaluation that I personally participate in, through introducing the concept of finance lease of aviation industry into SC airline's credit project case.And through the evaluation of its income and risk to determine whether the bank to its loan support, combining the actual work with the theory, how to analyze other financial institutions to provide credit support to the financial leasing of airlines.Played a certain reference role.The deficiency of this paper lies in the fact that due to the work reason, the case narration is more, the evaluation method innovation is lacking, and the evaluation index system needs to be further optimized and innovated in the future.
【学位授予单位】：西南财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.49;F562.6

【共引文献】