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Vedder Thinking | Articles How do Aircraft ABS structures perform if cash flows are reduced due to Covid-19

As published in Ishka Insights on August 13th, 2020


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Kevin A. MacLeod, a Shareholder and Head of the New York Capital Markets Group at Vedder Price, examines some of the structural protections prevalent in recent aircraft ABS transactions in a recent article for Ishka Insights. The article explains how aircraft ABS structures will perform with the recent reduction of cash flow due to COVID-19. It includes a recap of the Events of Default and structural features that minimize the probability that an interest payment Event of Default will occur, as well as outlines structural credit protections.

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Kevin A. MacLeod