Authorities in China, as well as privately-owned global lessors, are evaluating ways and means to help the country's embattled carriers survive the fallout from the Covid-19 coronavirus epidemic.
Air Lease Corporation said it was contemplating various initiatives that could, at the same time, provide additional cash to airlines in China, some of which have requested assistance, while at the same time helping carriers elsewhere affected by the B737 MAX grounding.
"We are making outright cash aircraft purchase offers, as well as offering sale-leaseback transactions, which will provide our customers cash and positively contribute to ALC's growth this year. Furthermore, the purchase of selected aircraft could also help our MAX customers who are struggling to find summer lift in the face of still uncertain MAX delivery timing," Chief Executive John Plueger said during a quarterly investors call.
He added that the lessor would undertake "some temporary lease payment deferrals as happens in these types of situations".
According to the ch-aviation fleets advanced module, Air Lease Corporation leases 66 aircraft to 10 airlines in mainland China,...
