A LITTLE RAY OF SUNSHINE - ANDY MANSELL AND AIR FINANCE JOURNAL

Airlines and lessors raise debt this week, so the selloff has settled down for now. However, the market is drinking from a fire hose, with resources fully deployed, trying to survive in the challenging environment and deal, from a lessor perspective, with the tidal wave of restructuring requests while evaluating each one carefully. In a dramatic change of strategy, Lufthansa turns exclusively to the sale-and-leaseback market. There is plenty of unpleasant news to go around with the worst ahead of us.