Lessors have enough liquidity to deal with COVID 19 – Fitch 

Global aircraft lessors’ Q1 financial results confirm issuers’ efforts to maintain sufficient liquidity to navigate COVID 19 have been successful says ratings agency Fitch. The pandemic has caused significantly reduced passenger air travel, aircraft utilisation rates, lease collections and cash flows. However, Fitch continues to believe that lessors have sufficient headroom within current ratings. Rated lessors should withstand Fitch’s base case scenario without breaching leverage or liquidity downgrade triggers, given reduced purchase commitments, manageable debt maturities over the next 12 months, and, in some cases, recent draws on available borrowing capacity. Fitch revised its global aircraft leasing sector outlook to