As the aviation industry continues to reel from the impact of COVID 19 and carriers look to preserve liquidity up to one third of airlines are looking to defer rents – a figures that should ease as passenger demand returns, according to analysis by JPMorgan. “Thus far, negotiated solutions for 2Q seem to be emerging in the neighbourhood of 33% of planned rents being deferred until some later date. We believe the deferral phenomena may still be in its infancy, but it should hopefully subside as air travel demand gradually improves and airline liquidity pressures start to ease”, said JPMorgan.
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