本文選題：飛機(jī)　切入點(diǎn)：融資租賃　出處：《西南財(cái)經(jīng)大學(xué)》2013年碩士論文

【摘要】：飛機(jī)租賃于20世紀(jì)初起源于歐洲,而真正意義的飛機(jī)租賃則起源于60年代的美國(guó),我國(guó)開(kāi)始引入飛機(jī)租賃則是在上世紀(jì)80年代,并且在隨后的幾十年來(lái)飛速發(fā)展,但是國(guó)內(nèi)航空公司由于自有資金的不足,通過(guò)何種融資模式來(lái)降低融資成本,擴(kuò)充運(yùn)營(yíng)機(jī)隊(duì),一直是我國(guó)各大航空公司需尋求解決的問(wèn)題。 融資租賃已經(jīng)成為航空公司引進(jìn)飛機(jī)來(lái)增加運(yùn)力,提高運(yùn)營(yíng)的一種主要模式,在世界范圍內(nèi)已經(jīng)被主要航空公司所采用。融資租賃是航空產(chǎn)業(yè)鏈里溝通上下游、將實(shí)體經(jīng)濟(jì)和金融資本聯(lián)結(jié)的平臺(tái),可以產(chǎn)生巨大的產(chǎn)業(yè)效應(yīng)。在未來(lái)的幾十年里,融資租賃將在我國(guó)航空業(yè)里取得前所未有的發(fā)展。 本文主要站在金融機(jī)構(gòu)的角度,即銀行作為債權(quán)人,選取SC航空公司為例來(lái)進(jìn)行信貸項(xiàng)目分析,即以SC航空公司作為借款人——融資租賃的承租方,需要引進(jìn)飛機(jī)來(lái)發(fā)展機(jī)隊(duì)、提高運(yùn)力和增加營(yíng)運(yùn)收入,需要向銀行獲得授信支持來(lái)支付融資租賃的費(fèi)用。銀行通過(guò)介紹該項(xiàng)目的信貸情況,分別從SC航空公司的基本情況、股東背景、經(jīng)營(yíng)情況、財(cái)務(wù)情況以及銀行對(duì)其融資所帶來(lái)的收益及風(fēng)險(xiǎn)來(lái)分析是否可以對(duì)SC航空公司引進(jìn)飛機(jī)進(jìn)行融資租賃貸款支持。 本文第1章介紹了研究的背景、目的及意義,國(guó)內(nèi)外學(xué)者對(duì)融資租賃的研究情況,比較了國(guó)外銀行和國(guó)內(nèi)銀行對(duì)于飛機(jī)融資租賃貸款的不同評(píng)價(jià)方式；第2章主要介紹了融資租賃的基本概念以及主要特點(diǎn)及優(yōu)勢(shì),得出引進(jìn)飛機(jī)通過(guò)融資租賃有著與其他融資方式不可比擬的優(yōu)勢(shì)；第3章通過(guò)對(duì)國(guó)內(nèi)航空運(yùn)輸業(yè)的狀況進(jìn)行分析,回顧了近年來(lái)的航空業(yè)運(yùn)行情況,展望未來(lái)的發(fā)展趨勢(shì)；第4章引入SC航空公司案例,以SC公司作為借款人,對(duì)SC航空公司的各項(xiàng)基本情況進(jìn)行客觀評(píng)估,第5章則通過(guò)對(duì)SC公司現(xiàn)金流測(cè)算,還款來(lái)源預(yù)計(jì)以及向公司提供貸款給銀行帶來(lái)的收益得出向SC公司融資租賃貸款的方案；第6章則是在以上的基礎(chǔ)上,評(píng)估銀行所面臨的風(fēng)險(xiǎn),以及應(yīng)對(duì)風(fēng)險(xiǎn)的措施；第7章進(jìn)行全文總結(jié),指出創(chuàng)新點(diǎn)和不足。 本文的創(chuàng)新點(diǎn)在于站在銀行的角度,且是本人親自參與的項(xiàng)目評(píng)估,通過(guò)對(duì)航空業(yè)融資租賃的概念引入SC航空公司的信貸項(xiàng)目案例。并通過(guò)對(duì)其收益和風(fēng)險(xiǎn)的評(píng)估來(lái)確定銀行是否對(duì)其進(jìn)行貸款支持,將實(shí)際工作與理論相結(jié)合,對(duì)其他金融機(jī)構(gòu)如何分析對(duì)航空公司的融資租賃提供授信支持,起了一定的參考作用。 本文的不足在于由于工作的原因使得案例敘述較多,評(píng)估方法的創(chuàng)新上有所欠缺,未來(lái)還需要將評(píng)估的指標(biāo)體系進(jìn)一步優(yōu)化和創(chuàng)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.
【學(xué)位授予單位】：西南財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F832.49;F562.6

【共引文獻(xiàn)】

相關(guān)碩士學(xué)位論文 前1條

1 王志春;航空公司飛機(jī)融資租賃的財(cái)務(wù)影響及其決策研究[D];西南財(cái)經(jīng)大學(xué);2012年

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本文編號(hào)：1709262