Lessors Combat COVID-19, MAX Issues By Deferring Payments, Moving Aircraft
As airlines grapple with capacity shortages created by the Boeing 737 MAX grounding or a sudden over-supply because of COVID-19-related schedule reductions, lessors are supporting their mitigation plans, including matching customers in both categories and moving aircraft between them.
In cases where a lessor’s customers have opposite short-term needs, moving aircraft between them is feasible.
“If you’re a smaller or medium-sized airline in China or Asia and you need cash, and we’re about to write you or wire transfer a big check [for an aircraft], you can bet your bottom dollar that transaction will happen expeditiously,” Plueger said.
Currently, 31% of in-service aircraft in Asia are leased, with China leading the pack.
This is an abbreviated version of an article by Sean Broderick that appeared in Aviation Daily. Get the full article here.