Update on the Impact of Russia-Ukraine Conflict on Aircraft Leasing ABS
As the Russia-Ukraine conflict enters another month, uncertainties continue to build for some aircraft lessors and aircraft leasing asset-backed securities (ABS) transactions with exposure to these jurisdictions. However, we still expect the overall exposure across aircraft ABS in the market to be relatively limited to a handful of transactions. Nonetheless, any additional cash flow stress on certain outstanding transactions could lead to further credit deterioration on deals. While the repercussions from the conflict are likely to occur primarily on the aircraft lessor side, there have been some developments regarding repossession of leased aircraft that are important for investors to know.
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