InterJet falters but Volaris impresses

InterJet is widely reported to have problems paying its advance fuel bills. Before the pandemic, the Mexican airline had long term lease agreements with Aviation Capital Group for 10 A320s and two A320s through Wings Capital Partners (which are both wrapped within the WAVE-2019-1 ABS). The airline, like many others large and small around the world, has had its balance sheet smashed by the pandemic. InterJet is reported to have had cash reserves but they were wiped out by the order on August 30 for the airline to pay $27 million in back taxes which left the airline “technically bankrupt”