China has ordered travel agents to stop selling holiday packages to South Korea in the wake of heightened tensions due to South Korean intentions to deploy an American missile defense system, which China says will destabilise the region. Stocks in South Korean tourism-related companies plummeted on the news, with South Korean and Chinese airlines sure to feel the impact of the ban since nearly half of all foreign visitors to South Korea last year were from China. This is a worrying development indeed for our industry. Meanwhile, the healthy run of aviation-related bonds issuances continued yesterday with Air Lease Corporation’s

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