@article {Manofsky20, author = {Peter Manofsky and John Bella, Jr}, title = {Collateral Pools Shift as Aircraft ABS Accelerates}, volume = {21}, number = {4}, pages = {20--26}, year = {2016}, doi = {10.3905/jsf.2016.21.4.020}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Aircraft asset-backed security (ABS) issuance has picked up in the past two years after coming to a halt following the 2007{\textendash}2008 recession, and strong issuance is expected to continue into 2016. Stable performance and ratings are expected for outstanding transactions, supported by solid passenger-demand expectations. In this article, however, the author notes some softness in values and lease rates, particularly with regard to certain small-variant wide-body aircraft.The recent increase in ABS issuance has also introduced the market to collateral pools that represent a shift from what has typically been seen in the space. Notably, a few transactions have been completed that feature mid- to end-of-life aircraft and increased concentrations in regional jets and turboprop aircraft. Meanwhile, the author{\textquoteright}s outlook for aircraft lessors is stable to positive because they are supported by strong industry fundamentals.TOPICS: Asset-backed securities (ABS), legal/regulatory/public policy}, issn = {1551-9783}, URL = {https://jsf.pm-research.com/content/21/4/20}, eprint = {https://jsf.pm-research.com/content/21/4/20.full.pdf}, journal = {The Journal of Structured Finance} }