Bankers get the orders to steer clear of aircraft ABS

Adobe_airplane_230x150_12Feb2020
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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