Investors flock to first aircraft ABS since Covid outbreak

Business jets 575 375
By Jennifer Kang
26 Oct 2020

Global Jet Capital has priced the first aircraft ABS deal since the pandemic, testing the water with a unique deal backed by diversified and newer business jets linked to high net worth individuals. Although the transaction was well received by investors, it will still be some time before more conventional aircraft deals see demand rebound.

The $552m transaction, BJETS 2020-1, surprised observers to price at “very good levels,” sources said, despite difficult macroeconomic conditions and headline risk around air travel. Although passenger traffic is on the rebound, it is recovering at a very slow pace, according to a report from Deutsche Bank ...

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