Lourens Geldenhuys

physical attendance

Lourens Geldenhuys

Speaker

Chief Financial Officer

Stratos

United Kingdom

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Aircraft ABS health check: what’s happening below the B tranches?

Lourens Geldenhuys

Chief Financial Officer,

Stratos

Vijay Jethwa

Executive Director,

Mizuho

Clay Smith

Partner,

Split Rock

Kevin MacLeod

Shareholder,

Vedder Price

Moderator

Robert Cassidy

Senior Manager,

PAFS Ireland

The aircraft ABS market saw an incredible revival at the end of 2021, but how healthy are these structures really? Senior notes fared well in the second-largest year for ABS issuances on record, but C notes and tradeable e-notes have seen limited or no take-up. What implications does this have for aircraft ABS investors going forwards?

How has the performance of pre-covid ABS issuances impacted how new deals are being structured?
Is there still distress in the C tranches? What implications does this have for aircraft ABS investors?

How will new deals need to be structured to entice potential e-note buyers back to the market? Will this happen in 2022?
Will there be a substantial change in how sponsors compose new ABS portfolios this year?