Air Asia? They are in a horrible position, unprofitable even before corona, bleeding cash, unable to pay leases, very few assets to sell, under investigation for corruption (Airbus bribes), and offering ridiculous fares like $181 for unlimited 12mths travel to Malaysian based loyalty members in an attempt to get some cash.
https://www.traveller.com.au/airasia...navirus-h1m73n
No doubt Lion group is under the same pressure with a huge fleet of leased aircraft with very limited ability to pay, and limited assets to borrow against.
The same goes for low cost airlines all around the world that have generally operated on tight margins with everything leased.
I don’t think it will be long before leasing companies start repossessing huge numbers of aircraft due to the inability of airlines to pay leases or even ensure aircraft are stored and maintained appropriately.