南航飞机融资租赁的风险防范研究

发布时间：2018-05-05 22:11

本文选题：南方航空 + 飞机融资租赁　；参考：《东北大学》2012年硕士论文

【摘要】：飞机是航空公司的核心资产和主要生产资料,其价值一般要占到航空公司总资产的70%以上。因此,在飞机融资租赁的过程中,将会对航空公司生产经营、财务状况和未来风险等产生长期的、深远的影响。飞机融资租赁是航空公司最为主要的飞机引进方式。这种方式特别适合航空公司资金不足的情况,为航空公司以相对较低的成本引进飞机,扩大生产规模,起到了很大的促进作用。但是伴随着飞机的引进,会给航空公司带来各种风险,这些风险一旦发生,给航空公司造成的损失相当大,因此,有必要对这些风险进行分析评价,并针对结果提出防范的策略。本文从介绍飞机融资租赁的相关概念入手,在民航业飞机引进的特点基础上,以南方航空公司为例,利用定量分析的方法分析飞机融资租赁过程中的各种风险,同时分析了飞机融资租赁风险防范对南航的重要作用,为其进行有关工作提供了改进措施。对南方航空公司飞机融资租赁采用的美国杠杆租赁、日本杠杆租赁、融资贷款租赁的主要模式进行了介绍,然后根据南航公司经营状况、财务状况具体分析南航飞机引进的资金需求特点,针对目前南航飞机融资租赁风险防范相对薄弱的环节,对其所面临的主要风险因素进行评价分析,并有针对性地提出防范风险的措施,具有一定借鉴作用。
[Abstract]:Aircraft is the core assets and main production data of the airline, and its value generally accounts for more than 70% of the total assets of the airline. Therefore, in the process of aircraft financing leasing, it will have a long and far-reaching impact on the production and operation of the airline, the financial situation and the future risks. The introduction of aircraft is especially suitable for the lack of funds of the airline, which has played a great role in promoting the airline to introduce the aircraft at relatively low cost and expand the scale of production. However, with the introduction of the aircraft, the airline will bring all kinds of risks to the airlines. Once these risks occur, the airline will cause the airline. The loss is quite large. Therefore, it is necessary to analyze and evaluate these risks, and put forward preventive strategies for the results.
On the basis of the introduction of the concept of aircraft financing lease, based on the characteristics of the introduction of civil aviation aircraft, this paper takes the Southern Airlines as an example to analyze the various risks in the process of aircraft financing lease by means of quantitative analysis. At the same time, it analyses the important role of the risk prevention of aircraft financing lease to the South Airlines, and carries out some relevant work for it. For the improvement measures, the main models of the leveraged lease, leveraged lease in the United States, the Japanese leveraged lease and the financing loan lease are introduced. Then, according to the operation status of the South Airlines Company, the financial situation is analyzed in detail, and the financing lease risks of the present Southern Airlines aircraft are analyzed. To prevent the relatively weak link, to evaluate and analyze the main risk factors which it faces, and to put forward the measures to prevent the risk, which is of certain reference.

【学位授予单位】：东北大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F562.6;F560.68

【参考文献】