Lessors raised $4.7 billion in unsecured issuances in January and February in a strong start to the year for leasing firm activity in the capital markets. more
01/03/2024
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
Ishka looks at some of the key talking points from aircraft investors on the aviation finance market last week in Dublin. more
02/02/2024
in Lessors & Asset managers , Capital Markets , OEMs, Cargo & Engines
The deadline for submissions is the 15th of January. more
03/01/2024
in Lessors & Asset managers , Airline trends & analysis , Capital Markets , Aviation Banks and Lenders
Aviation alternative lender Ashland Place Finance (Ashland) has priced a debut $324.3 million aircraft loan ABS, Ashland 2023-1 which was oversubscribed. more
12/12/2023
Ishka is now accepting submissions for its Deal of the Year Awards. The Ishka Deal of the Year Awards celebrate the best-closed aircraft financings of 2023. more
08/12/2023
in Aircraft values, Lease Rates & Returns , Capital Markets , Aviation Banks and Lenders
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
Unsecured bond issuance by airlines in Q2 2023 totalled $4.47 billion – the lowest second-quarter levels since Ishka’s analysis began in 2019. more
07/08/2023
Ishka's market snapshot brings together key trends and figures in the aviation finance space. more
31/07/2023
in Lessors & Asset managers , Capital Markets , OEMs, Cargo & Engines
Ishka's capital market wrap-up is a summary of recent activity in aviation debt issuance. more
07/07/2023
in Lessors & Asset managers , Airline trends & analysis , Capital Markets
Ishka examines United’s recent EETC and compares how Chinese and Indian airlines differ in their use of widebodies for domestic routes. more
21/06/2023
Griffin Global Asset Management Holdings, Ltd. successfully issued $1 billion worth of unsecured notes to partially refinance its secured warehouse facility this week, while lessor Avolon released its 2023-2042 fleet forecast on 13th June. more
13/06/2023
in Lessors & Asset managers , Capital Markets , OEMs, Cargo & Engines
Ishka's market snapshot brings together key trends and figures in the aviation finance space. more
29/05/2023
in Lessors & Asset managers , Airline trends & analysis , ESG & Regulation , Capital Markets
Unsecured bond issuances by airlines returned to ‘normal’ post-Ukraine invasion volumes in Q1 2023, as issuances dropped back to mid-2022 after an exceptionally busy Q4 2022. more
25/04/2023
Aircraft lessors tracked by Ishka issued $3.373 billion in unsecured capital markets debt in the first quarter of the year, exceeding the amount of any quarter in 2022, but remaining relatively low at around half of the previous five year’s first quarter average. more
05/04/2023
Aviation lenders state that margins could still rise due to the recent banking crisis but share that the rapid response by regulators appears to have averted a wider crisis limiting the risk of contagion to aviation lending. more
31/03/2023
Air Lease Corporation was the lone lessor debt issuer in the first six weeks of Q1 2023 with a $700 million bond. more
02/03/2023
Only four unsecured issuances took place in the first six weeks of 2023, totalling $2.26 billion. Around half of the issuances came from Air France-KLM, with EUR 1 billion ($1.081 billion) issued in two tranches of sustainability linked notes. more
21/02/2023
Unsecured debt issuances by airlines jumped to $16.155 billion in Q4 2022, exceeding every other quarter in the year and gaining nearly 36% on Q4 2021. more
06/01/2023
Aircraft lessors tracked by Ishka issued $2.097 billion in unsecured capital markets debt in the fourth quarter of the year, topping the total amount issued in the previous two quarters combined. more
05/01/2023
Two November deals bring the tally of aircraft and airline sustainable finance transactions in 2022 to nine, one more than in 2021. more
20/12/2022
Airborne Capital and Marathon Asset Management have priced a $303-million aircraft ABS, MAST 2022-1, through a private placement which is set to close early next week. more
08/12/2022
Unsecured bond issuance volume by aircraft lessors has picked up so far in Q4 after ALC's $700 million bond. more
29/11/2022
Unsecured bond issuances by airlines rose dramatically in the first half of Q4 2022, already exceeding the combined total of Q2 and Q3 2023. more
25/11/2022
Aviation credits have been quiet in the public debt markets but airlines and lessors have been actively issuing bespoke private aircraft securitisations using 4(a)(2) structures, US investors tell Ishka. more
01/11/2022
Alternative lender explores a potential aircraft loan securitisation next year, in the meantime, capital markets remain volatile. more
12/10/2022
Aircraft lessors tracked by Ishka only issued $602 million in unsecured capital markets debt during the third quarter of the year, less than half of the $1.45 billion issued during Q2 2022. more
11/10/2022
Unsecured bond issuances by airlines slowed for the second consecutive quarter in Q3 2022, as issuances both inside and outside of China dropped further from what were already record-low levels since 2019. more
06/10/2022
A panel of aircraft lessor CEOs at the ISTAT EMEA conference last week predicted that it may take three to four years for the aircraft ABS market to fully return to the record issuance volumes seen in the last five years. more
29/09/2022
in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Capital Markets
Airline and lessor unsecured bond issuances continued to drop in the first six weeks of Q3 2022, with only $592 million raised by airlines and $174 million by aircraft leasing entities. more
25/08/2022
Dozens of aircraft ABS notes are trading at a discount, raising questions over the current value of some of the junior notes associated with aircraft ABS. more
18/08/2022
Aircraft lessors tracked by Ishka issued a mere $1.45 billion in unsecured capital markets debt during the second quarter of the year, less than half of the $3.2 billion issued during Q1 2022. more
19/07/2022
Airline unsecured bond issuances slowed down further during the second quarter of the year to $4.87 billion, of which only $751 million was issued outside of China. more
15/07/2022
Aircraft lessor Carlyle Aviation Management Limited (Carlyle) has priced a $522.5 million aircraft ABS – the first aircraft ABS to price this year more
15/06/2022
Rising interest rates and a series of successive shocks to the aviation sector including the pandemic and the Ukraine conflict has reduced potential buyer appetite for new subordinate aircraft ABS notes, warn capital market sources. more
01/06/2022
Issuer retreat, with the slowest start to a quarter for lessor bond issuances and airline unsecured volumes half of those in the first six weeks of Q1 2022. more
24/05/2022
Aircraft lessors tracked by Ishka issued a modest $3.2 billion in unsecured capital markets debt during Q1 2022, a steep decline from Q4 2021. more
27/04/2022
Airline unsecured bond issuances outside of China slowed down during the first quarter of the year in the wake of rising inflation, monetary tightening, and the fallout of Russia’s invasion of Ukraine. more
22/04/2022
Ishka reviews what impact inflationary pressures may have on aircraft investors and its relationship with four Ps: Planes, Pilots, Petrol, and basis Points. more
08/02/2022
Airline unsecured debt rose to a new high in 2021 with $63.53 billion in issued bonds, a near-15% increase from last year’s $55.3 billion and more than doubling the $31.31 billion issued in 2019. more
14/01/2022
Aircraft lessors tracked by Ishka issued $25.17 billion in unsecured capital markets debt during the fourth quarter of the year rounding off $52.53 billion raised across 2021 more
06/01/2022
After a remarkable resurgence in the aircraft ABS market this year Ishka offers several predictions for new aircraft ABS issuances in 2022. more
08/12/2021
Five separate aircraft ABS transactions totalling approximately $3.4 billion have priced in the last seven days – signalling a notable revival of the aircraft ABS market and marking the busiest week to date for the asset class. more
10/11/2021
PE firm Avenue Capital Group (Avenue) has sponsored a $255 million ABS transaction, Stellar 2021-1, which will be used to acquire 21 aircraft. Deucalion Aviation Limited is the servicer for the ABS. more
02/11/2021
Ishka reviews some of the key talking points from the virtual Ishka+ North America conference held last week. more
26/10/2021
Dublin-based lessor AerCap on 21st October announced the issuance of a record-breaking $21 billion in unsecured debt, the largest in the history of aircraft leasing. more
22/10/2021
Aircraft lessors tracked by Ishka issued $8.35 billion in capital markets debt during the third quarter including $7.5 billion in USD issuances, a 21% rebound over second quarter USD issuances helped by tightening spreads. more
13/10/2021
The volume of unsecured bond issuances by airlines declined by a third consecutive quarter in Q3 2021 to $12.04 billion with Chinese airlines responsible for three in every four issuances. more
12/10/2021