Prolonged pandemic-related travel restrictions have extended recovery trajectories for aircraft ABS asset values following the substantial hit during the pandemic, according to Fitch Ratings. Value pressures should begin to ease in line with accelerating air traffic growth beginning in 2H21 in certain markets, driven by some normalization in leisure travel, but will depend upon the pace of vaccination rollouts globally and travel restrictions easing. However, pronounced supply and demand imbalances, combined with the approaching next-generation replacement technology, may continue to drag on values given the regional distribution and collateral profile of typical aircraft ABS portfolios. Aircraft market values materially declined

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