THE “GRAVEST CRISIS” IN AEROSPACE HISTORY - ANDY MANSELL AND AIR FINANCE JOURNAL

The OEMs are no longer sugarcoating the pandemic and are adopting new pragmatic outlooks, resulting in production cuts and thousands of job losses. Norwegian pushes for a $1.2bn debt-for-equity swap to try to ensure its survival while, Delta, a fallen angel issuer, pulls off the largest single aviation bond deal. The numbers don’t lie, brace for more restructurings ahead.