Moody’s places five aircraft lessors on negative watch

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By Jennifer Kang
04 Jun 2020

Moody’s put aircraft ABS issuers AerCap, Aircastle, ACG, Avolon and DAE on review for downgrades due to the slower than expected recovery of the travel industry. The update follows a series of negative headlines, including AerCap’s delay of aircraft deliveries and the bankruptcy of LATAM Airlines.

It will take two and a half years for the aviation industry to return to the level of demand seen in 2019, according to Moody’s adjusted baseline scenario, which points to deep damage Covid-19 has inflicted on the sector.

“Moody's expects that global air travel demand will ...

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