Inconspicuously, Aircraft Lessors Hit Hard by Virus Scare | Aviation International News

Inconspicuously, Aircraft Lessors Hit Hard by Virus Scare

Although most lessors remain in a “holding pattern,” the worsening Covid-19 crisis will force repossession of devalued assets.

By Gregory Polek • Senior Editor

March 16, 2020

While the well-documented effect of the Covid-19 virus on airlines appears unmistakable, the leasing companies that finance a significant proportion of the airplanes that now sit on the ground will no doubt feel pain as well. Some of the world’s most prominent lessors find themselves exposed to regions hardest hit by the virus, at first most notably in China and now in Europe and around the world, as airlines ask for rent deferrals through either reduced payments or a halt in payments until the crisis subsides.

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