The aircraft ABS sector appears ripe for new issue, according to some, however others question the wisdom of buying it.
Comments made by United Capital Markets President John Devaney during the opening session at Information Management Network's ABS West 2005 conference added fuel to rumors of an imminent pooled lease transaction from GE Capital Aviation Services. The last such transaction from GECAS was a $1.4 billion June 2001, offering via Credit Suisse First Boston. One source noted that talk of such a deal from the issuer has been circulating for three years. "I'll believe it when I see it," the source said.