Fitch places Voyager Aviation on watch

Fitch Ratings said it placed Voyager Aviation Holdings, LLC's long-term issuer default rating of BB- and related issue-level ratings on rating watch negative given increasing coronavirus-related risks. The rating watch negative reflects the unprecedented decline in global air traffic as a result of the coronavirus pandemic, which could lead to widespread lease deferrals/defaults, airline bankruptcies, aircraft repossessions and impairments absent abatement of the virus in the near- to intermediate-term and/or material sovereign intervention. Fitch revised the global aircraft leasing sector outlook to negative from stable on March 16.

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