Risk of default on leases as well as strain on the values for certain U.S. aircraft types could increase as a result of the high fuel prices, Fitch Ratings reported earlier today.

Fitch said the record jet fuel prices — the price for a gallon of jet fuel has risen over 50% year-to-date — and waning demand for air travel, particularly in North America and Western European markets, has increased the pressure on airlines enough to hamper asset performance in certain U.S. aircraft securitizations.

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