Aircraft Investors Worry About Legacy Underperformance As New Issuance Markets

Goldman Sachs has structured two new aircraft securitizations in what would be a rare pair of deals to appear in debt markets. That’s getting investors excited about new supply, but they’re also expressing concerns over legacy aircraft deals, which are underperforming the rest of the asset-backed market.

  • By Matthew Scully
  • 14 Feb 2014

--Matt Scully

Goldman Sachs has structured two new aircraft securitizations in what would be a rare pair of deals to appear in debt markets. That’s getting investors excited about new supply, but they’re also expressing concerns over legacy aircraft deals, which are under-performing the rest of the asset-backed market. ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%