Ishka Insights: indispensable analysis and opinion

Trusted, expert assessment of the latest industry trends from the respected Ishka team, including regional analysis, airlines, lessors and critical emerging issues.

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El Al CFO Gil Feldman on the airline’s fleet growth, NG phase-out, and financing strategy through 2031

Ishka speaks with Gil Feldman, CFO at El Al, about the airline's fleet expansion, widebody capacity challenges, and financing plans. more

18/02/2026

Loan Datasheet: SMBC announces $2bn syndicated facility, two new engine financings close, PAL secures PDP funding

The latest Ishka loan datasheet examines recent loans for commercial aircraft lessors and airlines, and the dynamics impacting aircraft lenders. more

17/02/2026

Ishka / AFG deals of the year submissions now open until 23 February

Ishka and Airfinance Global are now accepting submissions for their combined Deal of the Year Awards. The Deal of the Year Awards celebrate the best-closed aircraft financings of 2025. more

17/02/2026

Transaction Update: BlueFive Capital launches new leasing platform, influx of ABS issuances continues

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

16/02/2026

World Star markets converted freighter aircraft lease ABS

World Star Aviation is in the market with a $495 million aircraft lease ABS, Sprite 2026-1. more

12/02/2026

Marathon and Castlelake aircraft lease ABS deals price

Two aircraft lease ABS, from Marathon Asset Management and Castlelake, have priced after coming to the market this week. more

11/02/2026

Castlelake markets $843 million aircraft lease ABS CLAS 2026-1

Castlelake is in the market with its first ABS of the year, an $843.279 million aircraft lease securitisation. more

09/02/2026

Marathon markets $615.18 million MAST 2026-1 aircraft lease ABS

The dual-tranche issuance is the second from Marathon, after the privately placed MAST 2022-1. more

09/02/2026

2025 lessor unsecured debt: total issuance down, but yields continue to fall

Lessors tracked by Ishka raised $20.18 billion on the unsecured bond markets in 2025, a total around 20% lower than in 2024. more

06/02/2026

PK AirFinance loan ABS prices, smashes floor on spreads

PK AirFinance loan ABS prices, smashes floor on spreads more

05/02/2026

Transaction Update: Lessors hit cap markets, TrueNoord and ACG amend bank deals, five-year-old turboprop values

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

05/02/2026

The Ishka Fleet Plan Report: More detail on Vietnam’s aircraft RFP, a look at Royal Air Maroc’s leasing needs

The Ishka Fleet Plan report reviews airlines’ near-term fleet and delivery plans, including current leasing needs and financing considerations. The first edition covers Vietnam Airlines and Royal Air Maroc. more

04/02/2026

Reminder: Ishka/ AFG deals of the year submissions open!

Ishka and Airfinance Global are now accepting submissions for their combined Deal of the Year Awards. The Deal of the Year Awards celebrate the best-closed aircraft financings of 2025. more

03/02/2026

PK AirFinance markets first aviation loan ABS of 2026

PK AirFinance is in the market with its latest aviation loan ABS, PKAIR 2026-1. more

02/02/2026

Dublin Takeaways: ‘No slow down for aircraft trading’, New Year = New Platforms

The Insights team highlight some of the current themes from the gathering of airlines and lessors in Dublin last week. more

30/01/2026

Trump picks new Fed chair, Falko closes $672 mn facility, five-year-old Boeing aircraft values

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

30/01/2026

High Ridge prices $603.2 million aircraft lease ABS with tight spreads

The debut aircraft lease ABS from High Ridge Aviation has priced. more

28/01/2026

On Watch: Azul launches $1.21 billion private offering, AirAsia X targets debt restructuring and Allegiant Air to acquire Sun Country

This edition of On Watch provides updates on Azul, AirAsia X, Allegiant, and Sun Country. more

28/01/2026

CVC acquires Marathon Asset Management, two new aviation lending platforms announced

This week has seen several significant announcements across both aircraft equity investments and direct lending platforms. more

27/01/2026

Willis’ CFO Scott Flaherty talks private credit, engine leasing, and aircraft acquisitions

Ishka sits down with Scott Flaherty, Willis’ CFO, to find out more about the lessor's new asset management arm. more

26/01/2026

Quick Take: Castlelake reported as a potential buyer for Spirit Airlines

Spirit Airlines is in talks with Castlelake over a potential takeover, first reported by CNBC and later by Reuters, citing insiders. more

26/01/2026

Altavair promotes team as KKR ups stake, PwC Ireland and Avolon share 2026 outlooks

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

23/01/2026

TrueAero CEO Karl Drusch: “Over the next three years, our goal is to be a net acquirer of over 150 assets”

TrueAero CEO Karl Drusch tells Ishka the lessor aims to become a net acquirer of more than 150 assets over the next three years, outlining its aircraft and engine acquisition priorities and how continued widebody scarcity is reshaping lease economics. more

21/01/2026

‘Yes, no, maybe’: which lessors are looking to sell aircraft portfolios in 2026

Six lessors have confirmed to Ishka that they plan to sell aircraft portfolios in the first half of 2026. more

20/01/2026

High Ridge markets debut $603.2 million aircraft lease ABS

Phantom 2026-1, a $603.2 million aircraft lease securitisation, is a dual-tranche ABS and the second deal to hit the market in 2026. more

20/01/2026

Perseus prices $680.11 million lease ABS

MAPS 2026-1, the new aircraft lease ABS from Perseus Asset Management has priced more

19/01/2026

Perseus markets first aircraft lease ABS of the year

Perseus Asset Management (Perseus) is hitting the ABS market early with the first securitisation of the year – a $680.11 million lease ABS. more

15/01/2026

Transaction Update: Allegiant agrees to buy Sun Country, airframers up production rates, 5-year old A320ceo values

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

15/01/2026

Aircraft Buyers List January 26: Which aircraft are lessors targeting?

This is the 23rd edition of Ishka’s aircraft buyers list, where Ishka summarises a list of potential and active buyers of leased aircraft on the secondary market. more

14/01/2026

Remarketing Watch Data Sheet - January 2026

A total of 248 aircraft were listed on sites tracked by Ishka in January. more

13/01/2026

Fund watch: Engine lessor Willis launches new asset management arm

The first new fund announced in 2026 is for engine lessor Willis Lease under its new asset management division, Willis Aviation Capital (WAC). The $1 billion partnership with Blackstone Credit & Insurance (BXCI) aims to deploy over $1 billon in the next two years in current and next generation aircraft engines and select aircraft. more

12/01/2026

Transaction Update: AerCap's $1.75bn bond issue, Alaska Airlines goes big on Boeing

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

09/01/2026

Call for awards submissions

Ishka and Airfinance Global are now accepting submissions for their combined Deal of the Year Awards. The Deal of the Year Awards celebrate the best-closed aircraft financings of 2025. more

09/01/2026

Pegasus eyes supported financings and JOLCOs for 2026 and 2027 deliveries

Ishka sits down with Cansu Şenol Başpınar, senior head of corporate finance at Pegasus Airlines (Pegasus) to talk about supported financing, sale/leasebacks and the JOLCO market.  Pegasus won Ishka’s Best ECA Deal 2024 for a Bpifrance-supported Engine Maintenance Financing. more

07/01/2026

Aviation ABS 2025 roundup – and what to expect in 2026

Just over $10 billion in aviation ABS paper was issued in 2025. more

07/01/2026

Engine survey Q4 2025: CFM56-5B prices firm, have CFM56-7B prices started to ‘peak’?

The Ishka engine survey explores spot market pricing, and leases, for popular narrowbody engine types based on responses by active engine lessors and investors. The latest survey was conducted between October and December 2025. more

05/01/2026

Fund Watch: What new aviation equity funds closed in 2025?

Ishka takes a look back at the fund closes announced throughout last year. more

02/01/2026

All the best for 2026 from the Ishka team!

Ishka is taking a short break over the Christmas and New Year holiday period. We want to thank all our readers for their continued help and engagement with Ishka Insights. Your normal Insights service will resume in January. more

22/12/2025

SAVi Five: US unveils AAM strategy, Green PSO consultation closes, and more…

Five noteworthy aviation sustainability developments in the past seven days curated by the Ishka SAVi team. more

19/12/2025

Shareholders approve Air Lease acquisition, SMBC AC signs 20-strong United 737 MAX 9 SLB

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

18/12/2025

On Watch: Spirit moves forward $100 million in DIP financing, Avia Solutions Group bond partially recovers after SmartLynx dip

Spirit Airlines has announced the amendment of its debtor-in-possession (DIP) credit agreement to bring forward the availability of $100 million in credit for use. more

17/12/2025

Will PIA’s privatisation finally happen? Venezuela & US tensions cool Caribbean demand

Ishka’s Airline Credit Profile team provide a detailed macro and operational breakdown, aimed at risk officers, for some of the key airlines in the headlines... more

17/12/2025

Willis locks in pricing for WEST IX engine ABS

The latest aircraft engine ABS from Willis Lease Finance Corporation (WLFC), WEST IX, has priced with tightened spreads compared to the lessor’s previous issuance this year. more

15/12/2025

Briefing: Airlines face ‘huge’ aircraft end-of-Lease compensation bills

Lessors adapt risk strategies to accommodate increasing large aircraft End-of-Lease Compensation claims. more

12/12/2025

Willis markets WEST IX engine ABS

Willis Lease Finance Corporation (Willis) is in the market with a $392.9 million engine ABS. more

12/12/2025

A look at Allegiant’s 2026 financing and fleet plans

Allegiant Air (Allegiant) has 34 remaining Boeing 737 MAX deliveries from a 50-strong order announced in January 2022, along with 80 options. Ishka speaks with Asad Shaikh, Vice President of Fleet & Corporate Finance at Allegiant about the airline’s immediate fleet and financing plans. more

10/12/2025

Airline risk report: Reviewing Q3 for China’s Big 3

Ishka’s Airline Credit Profile team provide a detailed macro and operational breakdown, aimed at risk officers, for some of the key airlines in the headlines. more

09/12/2025

Transactions Update: Azorra sells A330s, AerFin confirms five A320neo part-outs

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

04/12/2025

Briefing: The current cost of aircraft novations

Lessors hurry airlines to finish novations in time for end-of-year aircraft trading rush. more

04/12/2025

Cap Markets November: Lessors issue $2.25bn in bonds but volumes still lag 2024

Lessors tracked by Ishka raised $2.25 billion in unsecured debt in November, with bonds issued by AviLease, SMBC Aviation Capital, CDB Leasing, and ICBCIL. more

03/12/2025