Aircraft ABS resurfaces despite froth worries

By Jennifer Kang
02 Mar 2021

Global Jet Capital has returned to the ABS market after a four-month hiatus, another culmination of strong secondary market volume and investor demand observed in the last six months. However, some investors are still scratching their heads over whether they are getting paid appropriately for the risks.

The $663m transaction by Global Jet Capital is backed by a variety of business jet aircraft for high net worth individuals. A portion of the proceeds will be used to redeem BJETS 2018-2, according to a Kroll Bond Rating Agency pre-sale report.

“The Business Jet deal in the market ...

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