Aircraft ABS performance to weaken in 2019

By Jennifer Kang
17 Jan 2019

Aviation ABS performance will decline in 2019, hit by by rising credit concerns, late cycle behaviour and stiff competition between a handful of new, smaller lenders.

The aircraft ABS market had a lukewarm end to 2018, with the last deal of the year priced wide. Kestrel Aircraft Funding 2018-1, which came to market mid-December, ended up with a senior tranche spread of 215bp over swaps and its class ‘B’ was priced at 345bp.

“It’s ...

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