“The ABS market isn’t back to where it would have been pre-Covid. But 2024 has seen, even in the last six months, five aircraft ABS coming to market.” Maria McElhinney, an aviation and transport partner in A&L Goodbody’s finance team, is weighing up the resurgence of confidence in the aviation finance sector after a rocky few years marred by the coronavirus pandemic, then the war in Ukraine and finally rising interest rates. The rebound in aircraft asset-backed securitisation, or ABS notes, isn’t a bad place to start. ABS deals divvy up multiple layers of debt from Tranche A, the highest…