“We are not the cheapest and we do not have the scale of some of the other banks. There is always risk but we have found comprehensive leasing structures that are clear and efficient and which work. “We know the market and the people and we have especially strong expertise in Russia and the Ukraine. “The thing that sets us apart is our asset knowledge and understanding of the Central and Eastern European market,” he says. He says this is because of its superior knowledge and understanding of the niche market in which it operates. He says that since he completed its first aircraft deal in the Ukraine in 2005, it has had no defaults. Slavik says a thorough analysis of the financial stability and assets of the client is done in each instant with guarantees usually required as security on the deal. The bank generally offers purchase lease or operating lease agreements – thereby owning the aircraft and leasing it to the client. The majority of new business in recent years has been generated from the corporate sector or private clients. Slavik notes that while the recession has meant the importance of these operators as clients has increased, it has also meant that new deals are scarce because most are operating at capacity. The bulk of its portfolio comprises deals with 15 aircraft operators in various European countries including Austria, Germany and the UK for which the bank finances the aircraft. Jets are often in the radar of clients we deal with in other contexts and it is important to be able to offer this service.” “It is a robust business and one that we feel we must be in as a bank.
Since the bank’s aircraft finance division was launched eight years ago it has financed some 70 aircraft in total. “We have done some business in Western Europe but we are not big enough to compete on a regular basis. “We are strong in specific geographies and areas such as Russia and the Ukraine that can be lucrative markets for corporate and private jets,” says Slavik. Werner Slavik, head of aircraft finance, says the bank has exposure to some 50 aircraft representing a total of some Eu350 million ($500 million) The aircraft finance department within HYPO Alpe Adria specialises in targeting private and corporate clients in Eastern Europe, Russia and the Ukraine. The aircraft finance department within HYPO Alpe Adria specialises in targeting private and corporate clients in Eastern Europe, Russia and the Ukraine::join:: The Austrian branches were sold in 2013 (now Austrian Anadi Bank).The aircraft finance department within HYPO Alpe Adria specialises in targeting private and corporate clients in Eastern Europe, Russia and the Ukraine The leasing subsidiaries of the former Hypo Alpe-Adria-Bank International in Italy, Bulgaria, Serbia, Montenegro and North Macedonia were retained in the bad bank. Italy), the Balkan banks ( Hypo Group Alpe Adria AG now Addiko Bank) and a bad bank, Heta Asset Resolution AG (ex-Hypo Alpe-Adria-Bank International AG) in 2014. However, due to the European debt crisis, the group was split into HBI-Bundesholding AG (consisting of the subsidiary Hypo Alpe-Adria-Bank S.p.A. In the past Hypo Alpe-Adria-Bank International was also active in Austria, Germany, Italy, Bulgaria, Hungary and Ukraine. The bad bank contained the leasing subsidiary of former Hypo Alpe-Adria-Bank Group in Austria, Italy, Bulgaria, Serbia, Montenegro and North Macedonia but not in Bosnia and Herzegovina, Croatia and Slovenia, which were transferred to the "good bank".
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