Jul 3, 2026 · 28 min · 8 segments
This week on the IBA Podcast, Neil Fraser, CFA, is joined by James Li-Tremble and Ed Dwyer to discuss the latest developments shaping the aviation industry. Together, they explore whether VietJet can…
Neil FraserHost
James Li-TrembleGuest
Ed DwyerGuest
As expected, Delta, um, contesting the Department of Transport, uh, ruling against the joint venture.
Um, that is obviously quite topical at the moment with the World Cup going on and the flights, uh, in between those two nations.
Um, with that, you always have the trade-off of a joint venture of the perhaps better scheduling for the consumer as, uh, timings line up.
Um, the argument the airport would make would perhaps be that, okay, operationally it's easier, and therefore there's less delays, but it's always a bit of a gray area whether it's better for the consumer or not.
On the topic of airports, um, yet another government consultation for Heathrow third runway.
Obviously, the A319 is a shortened version of the A320, and you actually get the, the efficient- the optimum efficiency somewhere between the 320 and 321.
Um, so the 319 versus the a220, because it's engined, or rather it's designed for that smaller capacity in the first place, um, it can work out better economically.
Um, the final thing, I won't go into each individual one, but there seemed to be an absolute flurry of refinancing, uh, this week.
You've got various people like Singapore Airlines had a note at 2.4%, which is really, really low, but even then, plenty of airlines around the 5% mark, and this was really quite interesting for us.
Um, we obviously do discount rates for, uh, cash flows, uh, lease-incumbent valuations, and it's quite nice to get these normalizing, uh, data points to help us really make sure we're being as accurate as possible.
As expected, Delta, um, contesting the Department of Transport, uh, ruling against the joint venture.
Um, that is obviously quite topical at the moment with the World Cup going on and the flights, uh, in between those two nations.
Um, with that, you always have the trade-off of a joint venture of the perhaps better scheduling for the consumer as, uh, timings line up.
Um, the argument the airport would make would perhaps be that, okay, operationally it's easier, and therefore there's less delays, but it's always a bit of a gray area whether it's better for the consumer or not.
On the topic of airports, um, yet another government consultation for Heathrow third runway.
Obviously, the A319 is a shortened version of the A320, and you actually get the, the efficient- the optimum efficiency somewhere between the 320 and 321.
Um, so the 319 versus the a220, because it's engined, or rather it's designed for that smaller capacity in the first place, um, it can work out better economically.
Um, the final thing, I won't go into each individual one, but there seemed to be an absolute flurry of refinancing, uh, this week.
You've got various people like Singapore Airlines had a note at 2.4%, which is really, really low, but even then, plenty of airlines around the 5% mark, and this was really quite interesting for us.
Um, we obviously do discount rates for, uh, cash flows, uh, lease-incumbent valuations, and it's quite nice to get these normalizing, uh, data points to help us really make sure we're being as accurate as possible.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.