PK AirFinance originates over $1,000,000,000 of new business in 2000.

January 1, 2001

PK AirFinance ended the year 2000 with over $1,000,000,000 in new origination. In 71 separate transactions involving 24 different airlines, PK AirFinance provided aircraft backed loans and acquired secondary aircraft backed debt. Net of syndication and other risk transfers, PK AirFinance's portfolio reached around $1,400,000,000 in total debt volume. The average life of the portfolio has increased to 46 months and the weighted average age of the collateral aircraft is only 7.5 years. PK president Nils Hallerstrom comments: "We are very pleased with our first year in the GECAS family. We have access to tremendous resources and our borrowing customers appreciate the underwriting ability".

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