Amid fears of a major funding gap, aviation financiers and manufacturers sounded an optimistic note during the recent Commercial Aviation Online Inside Finance event in London.

But while fears on the size of the funding gap have eased,as the financial storm calms and feweraircraft needfunding owing to deferred or delayed deliveries, concerns remain. Notably that the estimated $68 billion new aircraft financing bill excludes pre-delivery payments, which are proving a difficult sell.

“This year is looking a bit better. The funding gap is progressively closing and aircraft delivery postponements and order cancellations are helping to alleviate this gap,” said Christian McCormick, head of aviation finance at Natixis Transport Finance. He recognises funding could be a problem in 2010, but acknowledges there is “still room for other measures to be taken” to help bridge any shortfall, su

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