DCM bankers wait for airlines to take off

By Burhan Khadbai
13 Aug 2020

European airlines have shied away from the bond market during the Covid-19 pandemic, instead opting for equity raises, loans and government support. But should they decide to issue a bond, they would be well supported by investors, according to senior debt capital markets bankers.

“There’s no reason why they couldn’t,” said one senior DCM banker. “Carriers are relatively well supported by the government and the depth of the Covid-19 crisis has improved. There is significantly less risk. Even sectors more exposed to the crisis have been able to raise liquidity, such as ...

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