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SAVi Five: Japan sets eyes on mid-2030s hydrogen aircraft, GTF non-CO2 emissions to be measured, and more…

The Japanese government has published a new strategic plan for the country’s aircraft industry to commercialise a “next-generation passenger aircraft from 2035 onwards” with “decarbonised” propulsion “such as hybrid and hydrogen engines.” more

01/04/2024

in ESG & Regulation

SAVi Five: Brazil SAF targets head for approval, new WEF report, and more…

Brazil’s lower house has approved a legislative proposal to require from 2027 that domestic aircraft operators decrease well-to-wake CO2 emissions through the use of SAF. more

15/03/2024

in ESG & Regulation

How can lessors help unlock emissions intensity reductions from the current fleet?

In this joint report, Rob Neale, Chief Product Officer at PACE, and Eduardo Mariz, Senior Analyst and Sustainability Lead at Ishka, examine airline sub-fleets with emission intensity disparities. more

06/03/2024

in ESG & Regulation

SAVi Five: Aircastle second lessor to join UAV fund, Airbus' new programme details, and more…

United has announced that lessor Aircastle has become the latest leasing entity to join its United Airlines Ventures (UAV) Sustainable Flight Fund, following the steps of Aviation Capital Group earlier in the year. more

16/02/2024

in ESG & Regulation

Sust Finance 2023 round-up: Deals grow with Air France-KLM well ahead of others

Sustainable finance deals in aviation involving airlines and lessors or with aircraft as a collateral grew once again in 2023, matching the approximate 60% annual growth rate of the preceding year. more

06/02/2024

in ESG & Regulation , Capital Markets , Aviation Banks and Lenders

SAVi Five: Spring Airlines first to debut transition loan in China, first AtJ SAF plant, and more…

Shanghai-headquartered low-cost Spring Airlines has become the first company in China to close a loan aligned with what is reported to be the country’s first transition finance taxonomy. more

29/01/2024

in ESG & Regulation

SAVi Five: EU sets sights on ‘Fit for 90’ by 2040, airline EU Taxonomy eligibility in 2023, and more…

Stories covered in this update include reports that the European Commission is set to recommend next month a 90% net reduction of greenhouse gases by 2040, a target that could set in motion a new wave of legislative and regulatory changes. more

19/01/2024

in ESG & Regulation

ESG Five: India preps ‘1% to 5%’ by 2027 SAF guidelines, Dutch aviation pleads for cooperation, and more…

Stories covered in this update include reports that the civil aviation ministry of India intends to “recommend” from 2027 that Indian airlines use “1%-5% SAF” starting that year. more

12/01/2024

in ESG & Regulation

ESG Five: US Treasury kicks can on SAF guidance, Australian super funds eye SAF investment, and more…

Ishka highlights five noteworthy aviation ESG developments over the holiday period, from the US update on SAF IRA credit guidance to Australia's powerful super funds releasing a blueprint with SAF policy recommendations. more

09/01/2024

in ESG & Regulation

SAF Tracker: 2023 offtake deals surpass 2022 volumes

This updated data sheet examines airlines with sustainable aviation fuel (SAF) offtake agreements and their progress toward securing future SAF supply. more

18/12/2023

in ESG & Regulation

ESG Five: COP28 ends with snag for CORSIA and coalition for aviation levies, and more…

This update’s key stories include outcomes for aviation at COP28, and IATA’s latest SAF estimates for 2023 and 2024, and more... more

15/12/2023

in ESG & Regulation

ESG Five: Singapore adds aviation to new Taxonomy, CDB Aviation’s sust-linked loan, and more…

Key stories include Singapore’s newly-launched sustainable finance Taxonomy (which contains criteria for zero-emission aviation and SAF), and lessor CDB Aviation closes a sustainability-linked loan. more

08/12/2023

in ESG & Regulation

Turboprops: Could ESG concerns help their commercial outlook?

It is often said that the best solution to a problem is the easiest one, and yet as the airline industry pours time and effort into strategies to decarbonise short-haul flying, one readily available option is seldom mentioned: re-fleeting with turboprops. more

04/12/2023

in Aircraft values, Lease Rates & Returns , ESG & Regulation

ESG Five: Virgin’s 100% SAF flight milestone, COP28 expectations, and more

This update’s key stories include Virgin Atlantic’s historic 100% SAF commercial transatlantic flight – both a major milestone and a publicity stunt with mixed reactions – and the EU heads to COP28 pushing for aviation taxes to fund a major climate fund. more

01/12/2023

in ESG & Regulation

ALI 2023: Lessors divided over SAF role, Willie Walsh insists net zero is possible for aviation

The issue of SAF dominated every panel session at Aircraft Leasing Ireland’s (ALI) second event held this week in Dublin, with a widespread agreement that SAF represented the only credible option for aviation to help meet 2050 net-zero carbon targets. “There is no alternative,” reflected Willie Walsh, the Director-general of IATA at the conference. “We have to accept that the transition to net zero is going to be critically dependent on sustainable aviation fuel.” more

23/11/2023

in Lessors & Asset managers , ESG & Regulation

Briefing: What do contrails and their climate impacts mean for aircraft investors?

They are an icon of the jet age, but they can also be terrible for the climate. Ishka looks at why aircraft investors should be mindful of the environmental impacts of contrails. more

15/11/2023

in ESG & Regulation

ESG Five: EU jet fuel tax hits snag, study calls for govts to pay 20% of $5tn net-zero bill, and more…

Key stories include confirmation that plans to remove an EU tax exemption for jet fuel have hit a snag, and a working paper calls on governments to front 20% of the $5tn cost of decarbonising aviation. more

10/11/2023

in ESG & Regulation

Ares and Wilmington ‘rigged’ aircraft auction lawsuits could go to court

Two landmark lawsuits filed by junior bondholders on separate transactions against Ares, Vmo Aircraft Leasing Holdings (Vmo), and Wilmington Trust over “sham” aircraft auctions conducted during the pandemic are progressing through the US courts and could, potentially, be heading to trial next year. more

09/11/2023

in ESG & Regulation , Capital Markets

AC23 round-up: Eyes set on CAAF/3 as SAF Book & Claim rises up the agenda

Ishka, a knowledge partner of Aviation Carbon 2023, summarises the main takeaways of this week's conference in London. more

08/11/2023

in ESG & Regulation

ESG Extra: EU Council approves ReFuelEU Aviation

This November 2023 issue covers relevant sustainability developments for aviation finance during September and October 2023: sustainable finance, SAF, government policy, and more... more

03/11/2023

in ESG & Regulation

ESG Five: Ireland gets lessor-backed SAF study, EU NZIA to include SAF support, and more…

This update’s key stories include the unveiling of a much-awaited SAF feasibility study in Ireland backed by Boeing, Avolon, and Orix Aviation, and the tentative inclusion of SAF in the EU’s response to the US IRA – the Net Zero Industry Act (NZIA). more

27/10/2023

in ESG & Regulation

Briefing: An early look at the Poseidon-inspired aviation standard set to launch in January

Ishka speaks with the RMI Centre for Climate-Aligned Finance and one of the Aviation CAF Working Group members, Crédit Agricole CIB, to distill the progress of the past 18 months and what lies ahead. more

24/10/2023

in ESG & Regulation

ESG Five: SMBC AC debuts sust-linked loan, Spain’s proposed domestic flight ban, and more…

This update’s key stories include a leasing first in SMBC Aviation Capital’s five-year $150 million sustainability-linked loan, how a new NGO report in Spain could propel proposals for a French-inspired partial domestic flight ban. more

20/10/2023

in ESG & Regulation

ESG Five: Final approval of ReFuelEU Aviation, KGAL makes the leap into SAF, and more…

This update’s key stories include the final approval of ReFuelEU Aviation and German fund manager KGAL making a leap into SAF via its new Article 9 green hydrogen fund. more

13/10/2023

in ESG & Regulation

ESG Five: Disclosure coming for Californian lessors, UK ETS cuts allowances, and more…

This update’s key stories include California Governor Gavin Newsom intending to sign off corporate climate disclosure rules, which could require California-based lessors to disclose Scope 3 emissions. more

09/10/2023

in ESG & Regulation

ESG Five: SAF policy hints from Germany, UH surpasses 250 orders, and more…

This week’s key stories include policy hints on SAF and more from Germany’s third National Aviation Conference and Universal Hydrogen inching past 250 orders as its ATR72 testbed completed 10th flight. more

29/09/2023

in ESG & Regulation

ESG Five: EU SAF mandate gets 83% Parliament approval, India makes G20 SAF push

This week's highlights include the approval of the EU’s SAF mandate with 83% of votes in favour at the European Parliament and India’s global SAF push. more

15/09/2023

in ESG & Regulation

Sust Finance in aviation: Taking stock of incentives, aircraft, banks, and attitudes

Ishka examines the typical incentive or penalty in aviation sustainable finance transactions, favoured aircraft types, and most active banks. more

12/09/2023

in ESG & Regulation , Aviation Banks and Lenders

ESG Five: UK commits to SAF revenue certainty mechanism, new clean propulsion lessor, and more…

This week's highlights include the UK government committing to introduce a revenue certainty mechanism to support SAF production in the UK, and a new clean propulsion lessor (Solyu) takes Eviation’s orders above $5 billion. more

08/09/2023

in ESG & Regulation

Analysis: AerCap receives Russian insurance settlement

The world’s largest aircraft lessor, AerCap, revealed that it has received an insurance settlement from NSK - a Russian insurance company on September 5th relating to 17 aircraft and five spare engines that were on lease to Aeroflot and Rossiya Airlines (an Aeroflot Group airline).  more

07/09/2023

in ESG & Regulation

ESG Extra: In Europe, a summer of aviation tax demands

This September 2023 issue covers relevant sustainability developments for aviation finance during July and August 2023: sustainable finance, SAF, government policy, and more... more

05/09/2023

in ESG & Regulation

ESG Five: SMBC AC plans Dublin SAF research facility, Qantas leapfrogs on SAF, and more…

This week's highlights include SMBC Aviation Capital’s plans for a SAF research facility in its Dublin office and Qantas leapfrogging competitors on SAF 2030 targets with a “deal” under a major widebody order. more

25/08/2023

in ESG & Regulation

ESG Five: US senators aim to raise $19bn in new aviation taxes, an NGO targets frequent flyer programmes, and more…

This week's highlights include a US ‘Air Fair’ legislative proposal to raise $19 billion in private aviation and first/business class ticket surcharges, and Aircraft Leasing Ireland’s (ALI) upcoming ESG e-learning platform. more

18/08/2023

in ESG & Regulation

ESG Five: Google highlights non-CO2 effects, Eviation steps towards production, and more…

This week's highlights include Google’s high-profile work to mitigate the non-CO2 effects of aviation through AI contrail avoidance, the first clean-sheet electric commuter aircraft takes step towards production and certification, and more... more

11/08/2023

in ESG & Regulation

SAF Tracker: An updated look at airlines with offtake agreements

This updated data sheet examines airlines with sustainable aviation fuel (SAF) offtake agreements and their progress toward securing future SAF supply. more

08/08/2023

in ESG & Regulation

ESG Five: Favourable economics of ATR72 hydrogen retrofit, US SAF lobbying analysis, and more…

This week's highlights include one of the most in-depth assessments to date on the economics of hydrogen-retrofitted turboprops and a comprehensive map of US aviation lobbying on SAF. more

04/08/2023

in ESG & Regulation

ESG Five: US airlines to support 737 precursor aircraft, CORSIA changes, EU updates, and more…

This week's highlights include an announcement by Boeing and NASA that US major airlines are to support a sustainability-oriented NASA research aircraft expected to become a precursor to a future 737 replacement. more

27/07/2023

in ESG & Regulation

Sust Finance: New deals by EasyJet, Jet2 and JAL, Heathrow adopts flight emissions KPIs

Six new sustainable finance transactions involving airlines or aircraft – including one lessor – have been added to Ishka’s list since the last update in May, including four newly announced in June and July. more

27/07/2023

in ESG & Regulation , Aviation Banks and Lenders

Briefing: Rising EU ETS prices – a boon for neos and MAXs?

Ishka delves into CO2 emissions data powered by PACE and BloombergNEF’s EUA price forecasts to pit new versus old - neos and MAXs versus ceos and NGs - to calculate their future monthly EU ETS cost delta. more

20/07/2023

in Aircraft values, Lease Rates & Returns , ESG & Regulation

Briefing: 14 banks have now set 2030 aviation emissions intensity targets – Ishka research

New Ishka research reveals that at least 14 global lenders have published 2030 emissions intensity reduction targets for aviation lending, and a further 12 are expected to announce aviation targets soon. more

14/07/2023

in ESG & Regulation , Aviation Banks and Lenders

ESG Extra: UK to tighten aviation ETS, following EU lead

This July 2023 issue covers relevant sustainability developments for aviation finance during May and June 2023: sustainable finance, SAF, government policy, and more... more

06/07/2023

in ESG & Regulation

ESG Five: Macron calls for global aviation levy, UK climate report slams aviation growth, and more…

This week's highlights include new calls by European leaders for a levy on global aviation to raise cash for a developing country climate fund and discouraging official climate progress reports in the EU and UK. more

30/06/2023

in ESG & Regulation

Clean propulsion: Lessors firm up 140 orders as sector surpasses 4,000 commitments

Clean propulsion leasing firms MONTE and Rockton have firmed up existing orders with ZeroAvia and Heart Aerospace, affirming the role of aircraft lessors in pioneering new propulsion technologies. more

29/06/2023

in ESG & Regulation

Paris sustainability takes: Industry calls for SAF incentive extensions, new tech galore

Ishka summarises some key sustainability takeaways from last week's Paris Air Show and concurrent events, including ISTAT’s second sustainability symposium. more

26/06/2023

in ESG & Regulation

ESG Five: EU SAF mandate full text, UK SAF consultation ends, ruling shields EU Taxonomy, and more…

This week's highlights include the publication of the final text of the ReFuelEU Aviation proposal, the closing of the UK’s SAF mandate second consultation, and a new legal precedent that bodes well for the EU Taxonomy’s aviation criteria. more

23/06/2023

in ESG & Regulation

ESG Five: Macron’s multi-billion investment in ‘green’ aircraft, lessor teases SAF ‘bundles’, and more…

This week's highlights include France tripling investment in a public-private aviation R&D partnership with the objective of decarbonising aviation, lessor AviLease teasing a possible ‘bundle’ of SAF into future leases, and more. more

16/06/2023

in ESG & Regulation

Aviation’s inclusion into the EU Taxonomy approved by the European Commission

The European Commission on 13th June approved in principle a new set of EU Taxonomy criteria for economic activities including aviation. The final delegated act tightens some criteria for aviation, but most remain unchanged. more

14/06/2023

in ESG & Regulation

Explainer: What is the EU Taxonomy and why does it matter for aviation finance?

What is the goal of the EU Taxonomy and what is its significant for aviation finance - a short explainer. more

14/06/2023

in ESG & Regulation