China’s move benefits most airlines and lessors

Almost on a weekly basis lately I find myself questioning just what lessors must have done in a previous life to deserve such good luck. Over and over we see events conspiring to give lessors a further edge. Warren Buffett has always been somewhat blinkered to the benefits of aviation investment and once again you have to wonder why the sage of Wall Street never bothered to invest in an aircraft lessor. China’s dramatic move to devalue the yuan yesterday by 1.9% followed today by another 1.3% all but guarantees that the Chinese airlines will have to keep sale-and-leasebacks as