Highlights from Global Capital

AIRCRAFT LESSORS START TALKS ON NEW WAVE OF ABS DEALS AS AID DRIES UP By Jennifer Kang 01 Oct 2020 US government aid for the airlines expired on Thursday, kicking off sweeping job cuts at major carriers and adding stress to an already battered industry Nonetheless, lessors are beginning talks to tap the ABS market next year with a public deal to find stable financing as existing sources dry up Since the coronavirus outbreak, the aviation sector has received government aid through two main channels under the Coronavirus Aid, Relief, and Economic Security (CARES) Act [ ]tomorrow, we will begin the difficult process of furloughing 19,000 of our hardworking and dedicated colleagues ” [ ]Wave Downgrades The pause in government aid will have a “critical” impact on not just the aircraft industry, but also on the already stressed aircraft ABS market, sources said