Aircraft issuers take flight to unsecured debt

Ryanair planes for new website
By Matthew Scully
16 Jul 2014

Ryanair and Qantas are among the airlines and lessors ramping up their issuances of unsecured debt, which could push them away from the asset-backed market.

Investors and issuers convened at Fitch Ratings in New York last week to discuss the outlook for aviation financing. The consensus was that sponsors of higher-yielding ABS are more likely to move into unsecured debt as a means to finance their growth, according to Chris Flanagan, head analyst ...

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