The word asset refers to assets that have the following features: physical assets, movable assets and very expensive assets. Asset finance techniques are mainly used to finance the acquisition of aircraft, ships or trains – and more rarely of some smaller assets like helicopters, containers or cranes. Asset finance structures are split between three different categories: mortgage loans, finance leases and operating leases. The acquisition of an asset by a lessor is generally financed via a special purpose vehicle (SPV). This SPV is financed by a mix of equity and debt. A Japanese operating lease with call option (JOLCO) is a type of lease that offers specific tax allowances to Japanese investors. A JOLCO is an extremely powerful financing tool. This chapter summarizes the various solutions that can be used to finance an asset. It presents a case study of Richard Branson and the Beginnings of Virgin Atlantic.
Definition of Asset Finance
Structured Finance ; 177-199
2021-04-12
23 pages
Article/Chapter (Book)
Electronic Resource
English
In the news - Top story - ING Lease leaves UK asset finance market.
Online Contents | 2012
Use and limits in project finance of the capital asset pricing model: overview of highway projects
DOAJ | 2018
|Online Contents | 1994
Online Contents | 1994