Lessor financing has created a 'key' change in the market, according to John Leahy, Airbus' chief operating officer, customers, who was speaking at ISTAT Americas. Last year, lessors financed 40 per cent of Airbus aircraft orders. "We congratulate them all," Leahy said. Only one per cent of Airbus aircraft were financed by the manufacturer last year, 25 per cent were financed by ECAs, 17 per cent through sale and leasebacks and 57 through cash and debt. Similarly, John Slattery, chief commercial officer at Embraer, said lessors financed 48 per cent of its aircraft last year. He sees this as significant as lessors look for high residual values, meaning the ERJ is a good long-term investment.