Bankers get the orders to steer clear of aircraft ABS

By Jennifer Kang
19 Mar 2020

Many investment banks are circulating orders for bankers not fund any committed debt transactions in the aircraft sector, including ABS deals, a decision spurred by market volatility from Covid-19. On top of restrictions on in-person meetings, macro factors such as city lockdowns and travel bans are putting a damper on the new issue pipeline.

On Wednesday, the US-Canada border was shut down for nonessential travel in the government’s latest attempt to stop the spread of Covid-19. This comes just a few days after US President Donald Trump imposed travel restrictions to dozens of European countries.With headlines hitting the aircraft sector on ...

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