LOCKED DOWN

Fresh lockdowns have been announced across Europe and the USA as governments grapple to contain the resurgence of the coronavirus pandemic. IATA's latest analysis says airlines can't cut expenses fast enough to neutralise cash burn and highlights lessor costs. Should lessors be expected to step up to help ease airline cash burn? In this podcast, we also review PBH agreements as these requests grow in popularity. Not only do these agreements have several limitations but they transfer operational risk to the asset owners. With recovery another four to five years away, surely some of these deals will end in tears.