In the same way Ryanair transformed the airline industry, the airline’s former deputy chief executive Howard Millar, is shaking up the aircraft leasing market with a new mortgage financing structure and an innovative approach to aircraft finance with his new company Stellwagen Group, which announced its first A380 sale-leaseback deal with Emirates yesterday. “The operating lease product hasn’t changed at all in the 30 years since it was invented,” says Millar, now COO of Stellwagen Group and CEO of the newly formed Stellwagen Capital, who was speaking to Airline Economics at the sidelines of the IATA AGM in Dublin. “When

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