Could Covid drive unlevered investor returns on aircraft back up to around 10 per cent? European air traffic is rising slowly, but is still less than half of last year’s level; ACG cuts planned capex to $1.3bn for next 18 months; Kroll Bond Rating Agency downgrades 138 aviation ABS securities and affirm the rating of just one; AerCap looks forward to a return to market equilibrium, when airlines can cover cash operating costs; CDB in three-plane US sale & leaseback deal and delivers ‘Chinook the Gray Wolf’ to Frontier; Nordic Aviation scheme approved; Hawaiian Airlines launches EETCs.focussed on aircraft leasing opportunities for Korean investors; a new name for Max.