Aircraft abs deals
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The use of an equity asset manager is in interesting development in the booming market for aircraft ABS issuances. OZ will likely work with investors to increase the tradability of E-notes. The disclosure of the exact size of the equity slice does provide some insight into the true value of the aircraft portfolio compared to the appraised values released publicly.
A new conundrum emerged in the aircraft leasing market last week: The Berlin-based leisure airline filed for bankruptcy on February 4 after 32 years in operation.
However, in a securitization, the SPV that issues the debt is separate and distinct from the sponsor. First, despite the previously mentioned risk-mitigating attributes of securitization, why has structured credit continued to offer additional yield when compared to similarly rated corporate, municipal, or Agency debt? Thank you for printing this article from Airfinance Journal, your essential intelligence resource for aviation finance. Nothing on the Website shall be considered a solicitation for the offering of any investment product or service to any person in any jurisdiction where such solicitation or offering may not lawfully be made. Lessors appeal Avianca Brazil's latest extension Ishka insght.
Aircraft lessors exposed to Avianca Brazil have appealed a controversial day extension to a stay on aircraft repossessions granted by a court in Sao Paulo on February 1. Investors should get confirmation this week whether troubled Indian carrier Jet Airways, which denied earlier aircraft repossession reports, has agreed to an equity lifeline from its two largest backers. Sign in to post a comment. If you don't have an account register here. The only dedicated Korean aviation investor event returns to Seoul in March with some new twists and surprises.
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Asia-Pacific Structured Finance Issue: BOC Aviation-SAIL US$808m ABS
Toggle navigation. Connor Lovell Analyst. Most popular. Ishka insght. Germania bankruptcy: Cape Town in India: Bill gathers dust as implementation falters Ishka insght. Can aviation meet equity investors' return expectations?
Lawyering up: Lessors appeal Avianca Brazil's latest extension Ishka insght. Could aviation finance attract ESG investors?
- Asia-Pacific Structured Finance Issue: BOC Aviation-SAIL US$m ABS | All Special Reports | IFRe;
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- KBRA Releases Aircraft ABS Year in Review | Business Wire.
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Halaby adds: No direct secured SSD has been completed to our knowledge but we expect those trades will come. SSD is popular for borrowers seeking euros — as well as US dollar and sterling — given the larger investor base.
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It is crucial to recognise that the SSD market is not a purely German product; we see a number of deals for international borrowers attracting global investor demand. Despite the recent flurry of activity in European capital markets, one capital markets banker is dubious about them opening further anytime soon.
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- Asset-backed securities (ABS) | Guggenheim Investments.
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Rating agencies penalise non-USD currency issuance due to asset recovery analysis. The more credits they see, the more they can amortise that cost over a wider range. The private nature of the market allows borrowers to access capital under the radar.
As aviation becomes a more recognised, better understood and relatively stable asset class, yield-hungry investors continue to invest selectively across a variety of debt products. Along with this, a favourable interest rate and long-term financing environment has made the capital markets attractive for leasing companies, as well as airlines that have high credit ratings.
However, this assumes that several variables remain favourable, including oil prices, GDP growth, air travel demand and the financial outlook of lessors and airlines. Use the form below to contact the author of this article with any feedback, amendments, or general comments.
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ABS The past year was an active one for the ABS market, with 13 deals having closed at the time of writing, compared with eight in Unsecured and private placements The majority of the top 10 lessors took advantage of the low interest rate environment and locked in low-priced unsecured funding in Your Name.
Your Message. Financial Close: Found this useful? Sign up for access to the essential intelligence resource for aviation finance. Gain access to: Most Popular A cancellation will boost values: World watching how Cape Town plays out: How Jet2 financed its orderbook.
Two aircraft lease ABS exposed to demise of Lithuanian airline · Two aircraft lease diversified, its fleet. The new deal finances 18 primarily narrowbody aircraft. Aviation finance: an interesting prospect for long-term investors | . financial crisis, as they allowed access to relatively cheap finance at a time when bank . Lending to an airline. Lending to a leasing company. • ABS. • Secured loans.
Younger AerCap portfolio sees lease revenue fall.