Increased access to the capital markets has seen the return of
aircraft ABS deals far sooner than anyone had predicted with
issuances in 2021 close to pre-pandemic levels. The return has seen
seasoned issuers as well as new entrants achieve a number of
firsts, from the SALT 2021-1 transaction using a blend of
traditional aircraft ABS and CLO technology to securitise aircraft
loans, to the AASET 2021-2 deal secured against 100% new technology
aircraft. This trend looks set to continue with a number of deals
already in the pipeline for Q1 2022. There has also been
significant consolidation in the aviation market with high profile
acquisitions of existing businesses and stand-alone portfolios. All
of this is underpinned by the growing involvement of investment
funds and investment managers in all sectors, which we expect will
continue throughout 2022.
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