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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%