US Airways' recent decision to continue flying all but 36 of its 282-plane mainline fleet is good news for investors in pooled lease aircraft ABS.
The legacy carrier is currently enmeshed in its second Chapter 11 bankruptcy filing in as many years, and investors in pooled lease bonds had been concerned about the potential impact of the restructuring on overall lease rates in the market. However, those fears have been temporarily allayed by the relatively small number of planes being renegotiaited. The planes in question include 19 Boeing 737s, three 757s and three Boeing 767s. Alternative arrangements are in place for the remaining planes.