Good quality airlines backed by attractive assets are turning to sources of finance previously untapped before due to the liquidity squeeze.
“The RFPS currently on my desk are from good-credit airlines with nice aircraft and are from names I’ve never seen before,” says a hedge fund source. “I think that says a lot about the scarcity of capital in the market.”
He adds: “It also shows quality airlines no longer have cash sitting around for deliveries.”
Most financiers are “treading water” in the current environment, he explains.
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Source: Commercial Aviation Online