Indulge in Life in America

Chapter 697: Four billion is not expensive

   Yang Cheng whispered a name, "Erickson Schuberg".

To be reasonable, at first he thought he did not know anyone in the rental field, but with the introduction of Ryze Khan, he suddenly remembered that when he was still hanging out in major nightclubs in New York two years ago, he heard people mention it. Over this name.

He vaguely remembered that the person who mentioned the name was an executive of an investment bank on Wall Street. The man was drunk and showed off to the beauties. Among them, he mentioned that Eriksson Schuberg had failed to match his hundreds of dollars in accounts. She was so furious that she even did not hesitate to turn her face with the board of directors. At that time, Yang Cheng was also in the ridicule army, thinking that this man was a fool and offended the board for a few hundred dollars.

It is important to know that the annual capital exchange of leasing companies ranges from several billions to tens of billions. The problem of missing accounts often occurs. If it is only a few hundred dollars, there is really no need for a thorough investigation. Who in the large enterprises will do it? How about embezzling or even stealing a few hundred dollars of tiny interest? Once discovered, are you not afraid to affect your own future?

Therefore, although the people on the board of directors were gratified by Schuberg’s meticulousness, they couldn’t stand the turmoil and made big fuss. To convene a board of directors for a few hundred dollars, everyone is a person who needs time to save face, and you just gather everyone for big things Well, still criticizing us on the board? Who gave you the courage? Can't you see the situation clearly? Your position is given by us.

So the board of directors was annoyed and fired Schuberg, and then a similar thing happened in another company. Since then, Schuberg's reputation in the industry has been stinking, and no one dares to re-enable Schuberg against public opinion. grid.

Thinking back to this, Yang Cheng couldn’t help but sigh. He could understand the uprightness of Eriksson Schuberg, and he could also understand the indignation of the board of directors of various companies. Of course, Yang Cheng was still hesitating whether or not to use this Schuberger. He wasn't afraid of Shuberg's stubbornness. The main reason was that he was still wandering in the field of airplane leasing or not.

   sighed and said to Ritz, "Schuberg, I have heard, this temper is a stone in the pit-smelly and hard, are you sure to train him?"

   Ritz smiled bitterly and shook his head, "Boss, since you have heard of Schuberg, you should know that he will never bow his head because of anyone's face, except his wife."

   Yang Cheng smiled, and asked curiously, "Is he still Wife Guanyan?"

  Ryze smiled more unkindly, "Who makes his wife's achievements higher than him? It's not good to be disobedient."

   The two laughed. . .

After smiling for a while, Yang Cheng said sternly, “Actually, the prospects for the aircraft leasing industry are wonderful. I know this well. Regardless of the mature European and American markets, on the other side of the ocean, as an exotic product, aircraft leasing is in Z China has been around for some time, but the real rapid development began in 2007 after the banking financial leasing company opened its doors.

After nearly 10 years of hard work, the aircraft leasing industry in Country Z has not only broken the foreign monopoly on China’s aircraft leasing industry, but also a large number of Chinese-funded aircraft leasing companies such as Gongyin Leasing, Bohai Financial Holdings, and Guoyin Leasing have expanded their business tentacles. Overseas, as a result, in the North American, European, and Southeast Asian markets, Chinese-funded aircraft leasing companies have begun to compete head-on with foreign leasing companies, but in general, that market is still a blue ocean. "

  Ritz was a little surprised, "Boss, you still know it well?"

   Yang Cheng waved his hand, he can't always say that these are the news he has heard in the Z country in his previous life, right?

Ritz smiled and did not ask further, "Anyway, if we want to enter the venue, we can’t get around the top ten aircraft leasing companies. Among these ten aircraft leasing companies, the fleet number is between 1500-2000 aircraft. There are 2 leasing companies, 2 with a fleet of 500-1000 aircraft, and 6 with a fleet of less than 500 aircraft.

  The two giants, GECAS and AerCap, are naturally the largest. If we can initiate a merger and acquisition of one of them, we can quickly split the cake without wasting time to integrate. "

Yang Orange nodded and did not answer the call. Instead, he took out his mobile phone and searched for information on GEGAS in the news terminal of Bloomberg News. GECAS was established in 1993 and is a company that provides civilian, feeder, cargo, ZF, military and VIP aircraft, etc. Business aircraft leasing company.

Generally speaking, GECAS’s main business is to purchase aircraft from aircraft manufacturers such as Boeing, Airbus, Embraer, and Bombardier, and then lease them to major airlines around the world through dry leases. In addition to this leasing method, GECAS also Engaged in leaseback business, buying aircraft from airlines and then leasing them to airlines.

   In order to facilitate business development, GECAS has set up three headquarters around the world, located in Singapore, Shannon in County Clare, Ireland, and Norwalk in Connecticut, USA.

   As early as the mid-1990s, GECAS has developed into one of the largest aircraft leasing companies in the world, with its own fleet of 445 aircraft and more than 430 aircraft under management.

   Between 1999 and 2003, GECAS began to expand other businesses of the department.

In 1999, GECAS began to lease engines; in 2000, it was engaged in aircraft financing business; in 2002, it began to intervene in the cargo aircraft business; at the same time, GECAS also entered the cargo market and ordered the regional aircraft business; in 2006, GECAS expanded its business to the airframe through acquisitions Delivery

In 2011, GECAS placed the first batch of orders for A320neos and ATR72-600s; in 2013, when Boeing delivered its 350th 737 to GECAS, GECAS added another order for the Boeing 787 Dreamliner; in 2014, GECAS entered the helicopter leasing business. Acquired Milestone, which owns 168 helicopters.

   With the help of the parent company's general business, GECAS also provides solutions such as spare engine leasing, aviation consulting services, spare parts financing and management, and maintains the latest commercial aviation technology.

Seeing this, Yang Cheng has lost what it looks like. GECAS has developed so well under GM. GM has no reason to abandon this golden mountain. Moreover, with GECAS's fleet of nearly 2,000 aircraft, its revenue capacity is probably newer. Times Media is still going to be stronger, what area does he buy?

Sure enough, the financial status of GECAS is described below the information. As of the first half of 2015, GECAS had an average age of 7 years and a total asset value of US$46.1 billion. The profit in the first half of 2015 is expected to exceed US$650 million. There are more than 270 lessees, business branches in 75 countries, and more than 500 employees.

   In terms of rating, GECAS does not have an independent credit rating, but as part of GE, Standard & Poor's assigns GECAS a rating of AA+.

   Yang Cheng threw the phone away, bye bye.

Rez picked up the phone inexplicably and glanced at it, and understood why Yang Cheng was so emotional, and looked at Yang Cheng awkwardly and said, "Boss, maybe we shouldn't put the goal so far, it's better to look at the top ten rankings. The next few companies?"

   Quickly search on the phone, "For example, this, AL Group, full name AirLease, is an aircraft leasing company born in the United States, founded in 2010, founder Stephen Heitz.

The company was listed on the New York Stock Exchange in 2011. Its IPO of Class A shares is estimated to have raised a total of US$960 million. Up to now, AirLease has ordered about 400 aircraft, valued at more than US$30 billion, according to Forbes. The valuation is more than 4 billion US dollars, which is within our acceptable range.

  AL Group purchases new commercial aircraft directly through Boeing, Airbus, Embraer and ATR, and leases them to airline customers worldwide through specialized aircraft leasing and financial leasing. "

Yang Cheng heard the market value of 4 billion U.S. dollars, and his expression eased a little. This didn’t sound like a fantasy at least. It was only 4 billion U.S. dollars. After a little squeeze, the money came out. It’s not expensive. "What about the debt situation?"

   This is what he cares more about. Aircraft leasing companies cannot buy airplanes solely in cash. They must borrow money. If there is a loan, there will be liabilities. This is normal, but he does not want to buy an insolvent company.

   Ritz scratched the screen of his mobile phone and found the exact number and said, “At present, the total assets of the AL Group are close to 13.5 billion U.S. dollars, but the liabilities exceed 10 billion. It is estimated that there are 10.5 billion U.S. dollars. The situation is not serious."

   Yang Cheng agrees that this debt ratio is not high. Compared with some companies that are easily responsible for 1,200%, this AL group is relatively healthy.

After talking for so long, he was a little tired, so he waved his hand and pushed the matter to Ritz, "You go and contact the AL Group first. For the time being, don’t rush to buy a part of the shares and require a board seat. That’s right, the scale of the business is too big. It’s completely unnecessary for us to eat it alone, as long as we provide preferential services to our customers."

  Ritz thought for a while, but did not persuade him anymore. It is indeed inappropriate to spend a lot of money to acquire a company that seems to be unrelated to its industry. If the cultural tourism group has been integrated, it would be a different matter.

  . . .

After sending Ryze away~www.wuxiaspot.com~ Yang Cheng lay on the sofa and brushed the headlines, and saw a news that made him feel depressed. In the second round of the NBA playoffs, the Nets faced the first place in the Eastern Conference of the regular season. The Atlanta Hawks were unable to fight back. After Paul was reimbursed for his injury, he failed to win the first three games. Although Deron Williams was struggling for his own future, he was still slightly worse in the end. If there is no good way to connect the whole team, only one person can work hard to support, but always lose resistance in the last quarter due to exhaustion of physical strength, leading to the final loss of the game.

  Although the fourth game has not yet started, the ending has been predicted by everyone. Everyone does not think that there will be a miracle in the fourth game. Before Paul fell to the final again, he still did not touch the floor of the finals.

   Yang Cheng also broke his promise in disguise. You must know that he was vowed to ensure that Chris Paul could at least touch the floor of the Eastern Conference finals, but now. . .

  He personally sent a text message to Paul. There was no extra nonsense on it, but only one sentence, "We will make a comeback next season!"

  Paul responded in seconds, "Thank you boss, I believe you can bring the championship puzzle to the team."

Compared to Liverpool’s success this season, the Nets’ results are not so impressive, but he only took over halfway through the season, and no one can find Yang Orange. After all, he has brought the team to the team. In the true sense of the superstar of his age, can he ask for more?

  Https://

   Please remember the domain name of the book’s first publication:. Mobile version reading URL:

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like