Stratos, the independent aircraft asset manager, has launched an enhanced ABS reporting portal for JOLAir 2019-01.
Stratos notes that it has designed the portal to help bondholders better understand the value of their underlying investment.
The portal, which is a free-to-access site for prospective and current noteholders in the ABS JOLAir 2019-01, features live information per individual aircraft on lease rates range, maintenance status, forward maintenance projections and estimated end of lease compensation payments for investors.
“We were prompted to launch this tool after many enquiries from investors struggling to understand the status of and value in various ABS portfolios, particularly since Covid,” said Gary Fitzgerald, chief executive officer of Stratos. “Over time we believe that increased transparency in the Aircraft ABS market should reduce the execution risk of new issuances and increase secondary trading volumes.”
Mike O’Hurley, head of servicing at Stratos, said that the portal was developed over several months, including testing, to provide aircraft ABS investors with additional data that enables them to better understand their portfolio. “We have become a world-leading digital servicer by allowing our clients to access their aircraft and track the details of their investments,” O’Hurley said.
Alan Doyle, chief executive officer of Aerlytix, expressed his satisfaction with the collaboration with Stratos in developing the ABS investor portal, adding that the product has been designed to extend across all ABS transactions, which will drive transparency and productivity in the industry.