How do Aircraft ABS structures perform if cash flows are reduced due to Covid-19
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.
To read the article in full, please click here. (Subscription may be required.)
Vedder Thinking | Articles How do Aircraft ABS structures perform if cash flows are reduced due to Covid-19
Article
August 13, 2020
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.
To read the article in full, please click here. (Subscription may be required.)
