After a long period of stability and growth in the aviation industry the prospect of asset impairment is starting to rear its head, according to Phil Seymour, the CEO of IBA.
In an exclusive interview with Aviation Finance, Phil expresses his concerns that delays in new aircraft deliveries and low oil prices have allowed airlines and lessors to kick the impairment can down the road. He also criticises the ‘cosy' relationship that has developed between companies and their auditors, with the latter relying on ‘management information' with regard to values.
Article by John Stanley, Contributing Editor, Aviation Finance January 2019
Click the link to Phil's thoughts on Asset Impairments.
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