Norwegian ends 36 leases, Thai Airways to get govt support

Norwegian Air Shuttle has reached an agreement to end 36 aircraft leases as part of its goal to cut its fleet. Thai Airways has obtained support from Thailand's finance ministry to raise as much as $1.65 billion. more

05/03/2021

in Airline Profiles , Aircraft Finance Market

Covid-19 bailouts: US PSP extension near approval, Angola recapitalises TAAG

US carriers appeared to be one step closer to receiving further state aid as the US Senate looks set to debate the third extension to the US Payroll Support Programme (PSP) shortly. more

04/03/2021

in Airline Profiles , Aircraft Finance Market

Q4 2020: ALC recoups 40% of deferred rent and eyes SLB deals

Air Lease Corporation (ALC) has recouped 40% of the total rent deferred throughout the pandemic according to its latest results. The Californian lessor agreed a total of $240.4 million in deferred rent to its lessees last year more

02/03/2021

in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market

Fly Leasing posts Q4 loss after $106mn impairment for two A330s

Fly Leasing finished 2020 with another quarterly loss driven by $115 million in aircraft impairments, including a “significant” $106 million write-down on A330s. more

01/03/2021

in Lessors and Lease Rates , Aircraft Finance Market

SpiceJet loses $43m Q400 PDP case to De Havilland

De Havilland on 23rd February secured summary judgment against SpiceJet at the London Commercial Court in a claim for $42.95 million after the airline defaulted on PDPs. more

26/02/2021

in Airline Profiles , Aircraft Finance Market

Chinese traffic picks up, Air Canada’s 70% drop in revenues, SpiceJet’s recovery

This report is an excerpt from Ishka’s Airline Credit Profiles (ACP) subscription-based service. It delivers ‘The Ishka View’ on the near-term performance of airlines under today’s extraordinary market circumstances drawing on the unique set of ACP’s data points, more

25/02/2021

in Airline Profiles

Avation bond extension buys lessor breathing room

Singapore-headquartered lessor Avation agreed a five-year bond extension with bondholders in February furthering a trend of lessors forced to reach distressed debt agreements with creditors in the wake of the Covid-19 pandemic. more

23/02/2021

in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market

Voyager proposes debt-to-equity offer as it seeks out of court restructuring

Dublin-based lessor Voyager Aviation Holdings (Voyager) is offering to equitise its existing unsecured bondholders via an out of court debt restructuring proposal. more

22/02/2021

in Lessors and Lease Rates , Aircraft Finance Market

Malaysia Airlines proposes $90k PBH floor for 737s, Thai to shrink fleet

Malaysia Airlines has proposed power-by-the-hour floors from $90,000 to $132,500 for three aircraft types in its negotiations with lessors. more

19/02/2021

in Airline Profiles , Aircraft Finance Market

UPDATED: Lessors raise $7.83bn in three-week bond spree

Aircraft lessors tracked by Ishka raise $7.83 billion in USD issuances during a three-week period from mid-January to early February, taking advantage of a benign market for IG-rated issuers to attain some of the lowest coupons in recent history. more

18/02/2021

in Lessors and Lease Rates , Capital Markets

Aviation commercial bank lending down for some lenders by 80% last year

A ‘disappearing’ bank-to-bank syndication market will curb new warehouse financings and aviation bank debt. more

17/02/2021

in Aircraft Asset Profiles , Aircraft Finance Market

Covid-19 bailouts: Biden likely to add PSP extension to Covid-19 relief bill

A $14 billion extension to the Payroll Support Programme (PSP) for US airlines is likely to be included in the $1.9 trillion COVID-19 relief bill proposed by President Joe Biden. more

16/02/2021

in Airline Profiles , Aircraft Finance Market