Table 3. Aircraft lessor type and business model

Type	Financing cost	Major investors	Business model	Strength	Weakness	Potential investors in Korea
Core	Low	Bank, Financial Group, etc.	New Placement, SLB (Young Aircraft)	Negotiation power due to economies of scale, large, low-cost financing thanks to high credit rating	Tight risk management, small pool of customers	Pension fund, insurance, bank, etc.
Value added	Medium	Insurance, Private Equity, Institutional Investors, etc.	SLB(Middle-Aged Aircraft), Re-leasing	Relatively large pool of customers	Relatively high required yield	Securities company, insurance, savings bank, etc.
Opportunistic	High	Private Equity, MRO	Freighter Conversion, Part-out	Constant competitive scale	High business risk, relatively small scale, high required yield	Private equity, capital, savings bank, etc.