Aircraft ABS investors demand more spread as virus fears grow

Wuhan_virus_PA_230X150_03Feb20
By Jennifer Kang
05 Feb 2020

Investors are looking for more yield on aircraft ABS paper as fear over the coronavirus intensifies globally. With Asia taking up a bigger share of global air travel than during the SARS outbreak in 2003, investors expect the coronavirus to have a bigger impact on the market.

Three aircraft ABS deals have surfaced in 2020 so far. Carlyle Aviation's $408.9m deal was the first to be priced on Monday this week, much of which was pre-placed before the coronavirus outbreak. Last week, KDAC Aviation and Avalon Aerospace Leasing came to market with $629.8m and $620m ...

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