Aviation financiers at the International Society of Aircraft Transport Trading (ISTAT) conference have described strong capacity for aircraft financing. Boeing Capital Corporation's VP of aircraft financial services, Tim Myer, said: "People are coming into the aviation finance market from all over the globe. Supporting this, Thomas Hollahan, MD of Citi, said: "The banks are flush with cash across the market... We will continue to see a lot more deals financed, particularly for the airlines." He noted a drop in demand for pre-delivery payment (PDP) financing, which airlines have replaced with unsecured financing as they now have better liquidity. "It's [PDP] actually expensive financing and not as popular," he said. In a poll of ISTAT delegates, 43 per cent believed that commercial banks would fund 25 to 30 per cent of aircraft purchases in 2014. Commercial bank financing covered 28 per cent of orders in 2013, up from 21 per cent in 2012. Thirty-seven per cent of delegates thought that the US Ex-Im bank would deliver $7bn to $10bn in aircraft loans this year.