An improved trend in lease revenue collection in Q3 at Avolon, financing transactions for approximately $2.2 billion at AerCap; $7 billion in available liquidity at ALC and an owned-aircraft utilisation rate of 99.7 per cent at BOC Aviation are some of the positive features highlighted in the latest business performance updates by four of the leading lessors for the third quarter; But: a significant proportion of lease deferrals currently being granted to airline customers by lessors will end up being written off, according to a new in-depth sectoral report by Moody’s Investors Services; Also: Norwegian converts $1.9 million lease debt into bonds; Alaska writes down value of 10 A320s; Spirit AeroSystems closes notes offering; EasyJet to report first ever loss of around $1bn; KLM submits plans to Government; AirAsia X restructuring plan; Airbus gains but Boeing still stalled; IAI delivers 737-400 conversion in China; A321 P2F inaugural flight; Aergo acquires A321-200; Icelandair sells three 757s; Avianca approved access to DIP financing; Cannon appointed COO at BBAM.