Lessors better placed than airlines for downturn: S&P

A combination of watertight leasing contracts and management experience of market downturns makes lessors better placed to deal with the Covid 19 pandemic than their airline customer base, according to Betsy Snyder, director at Standard & Poor’s US corporate ratings team. “My biggest concern previously about lessors was too much liquidity chasing these assets and it’s allowed a lot of new entrants to come in who don’t have the right platforms,” said Snyder speaking on an analyst call. “Now we are going to see who the survivors are and who are not, but you will see that the leases are an absolute