The aviation bond market, which virtually ceased to exist after the outbreak of hostilities in Ukraine, is again showing signs of life, writes Bloomberg. Since the beginning of the year, sales of ABS bonds—securities backed by a pool of assets, such as aircraft leases—have reached $5 billion.
For comparison: over the past two years, the figure has not exceeded $1 billion. The aviation bond market was practically paralyzed in 2022 after the Russian Federation retained several hundred aircraft belonging to Western lessors, despite sanctions and demands to return the aircraft. However, in recent months, investors have again become interested in these securities. The reason for the recovery in demand is insurance payments. Two tranches for $62.5 million and $50 million have already been completed.
Chinese tycoons have returned to the list of the richest people on the planet. Their number in the Bloomberg Billionaires Index increased by 20% amid the growth of the Chinese stock market.
