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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Jet Fuel Crisis: Governmental support ten weeks into the conflict

To date, Ishka has tracked more than 40 enacted, proposed and requested aviation support measures globally, spanning direct loans, state-backed credit facilities, tax relief, fuel supply interventions and regulatory flexibility initiatives. more

08/05/2026

Spirit's liquidation, Azorra buys DAE's A220 orderbook, ATR, Embraer and A220 values

Ishka's Transaction Update is a report series that examines key trends, recent deal flow, and major announcements in aviation and aircraft leasing. more

08/05/2026

Q1 AFIC, Balthazar, and Itasca insurance premiums stable, but Iran fallout will up pricing

Premiums for non-payment insurance (NPI) on new aircraft financings have remained broadly stable for the past nine months but banks and insurance providers expect that could change on the back of the recent Iran crisis. more

07/05/2026

SKY Leasing prices $813.28 million aircraft lease ABS

SKY has priced its latest aircraft lease ABS, SLAM 2026-1. more

05/05/2026

Spirit undergoes Chapter 11 liquidation, 66 aircraft set to return to lessors

The Middle East fuel shock has pushed Spirit Airlines into liquidation, making it the first major airline to collapse during the crisis. more

05/05/2026

Loan Datasheet: Avolon raises $1.2 bn, SMBC upsizes facility to $3.7 bn, JetBlue agrees $500 mn debt framework with Sky Lease

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

01/05/2026

Borrowers tap cap markets, Arcus to buy a stake in TrueNoord, new-build Boeing WB values

Ishka's Transaction Update is a report series that examines key trends, recent deal flow, and major announcements in aviation and aircraft leasing. more

01/05/2026

SKY Leasing markets $813 million aircraft lease ABS SLAM 2026-1

The deal, the fifth to be serviced by SKY Leasing, is the eighth aviation lease ABS to be issued so far in 2026 and the third to come to market since the outbreak of the current conflict in the Middle East. more

30/04/2026

On Watch: Spirit delays court hearing, AVA requests $2.5 billion jet fuel liquidity pool

Spirit Airlines has delayed an expected bankruptcy court hearing as it continues discussions with the US government on a potential financing package. Ishka's research suggests that current jet fuel prices could add roughly $50 million to the carrier’s monthly fuel bill, compared with the assumptions underpinning its original Chapter 11 restructuring plan. more

29/04/2026

April Aviation Debt Pricing Comp: Cap markets react to Iran conflict

An overview of the most recent trends in lessor and lender financing costs across both capital markets, commercial bank debt and private aviation alt lenders. more

29/04/2026

AA’s new EETC, Ascend Airways hands back MAXs, What EASA’s certification of the Advantage means for GTF residual values

Ishka quick takes is a new regular Insight series summarising key market trends and updates shaping the aviation finance landscape... more

29/04/2026

Q1 Engine Survey: Iran crisis set to weaken engine lease rates

The Ishka engine survey explores spot market pricing for popular narrowbody engine types based on responses by active engine lessors and investors. The latest survey was conducted between February and April 2026 and highlights weakening CFM56-5B lease rates. more

27/04/2026

Jet Fuel Crisis: Airlines request rent deferrals from lessors

Lessors speaking with Ishka confirm that more airlines are asking for rent deferrals due to high jet fuel prices and the disruption to jet fuel supply caused by the war in Iran. more

24/04/2026

Spirit bailout talks advance, JetBlue dismisses bankruptcy risk, new-build Airbus WB 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

24/04/2026

Airlines draw up contingency plans as jet fuel crisis threatens capacity

As jet fuel prices soar in the wake of the Strait of Hormuz closure, Air India’s outgoing CEO warns that the market is underestimating the capacity impact of what analysts call a historic oil shock. more

23/04/2026

Briefing: Assessing the jet fuel supply shock

Ishka examines the jet fuel supply crisis stemming from the Middle Eastern conflict, assessing regional exposure across Asia, Europe and the US, the pricing outlook through the summer, and why the real risk to aviation is not running out of fuel but a prolonged period of elevated prices. more

23/04/2026

Castlelake prices new aircraft lease ABS CLAS 2026-2

Castlelake’s latest, the $888.170 million CLAS 2026-2, has priced. more

20/04/2026

Altavair prices second lease ABS, ALTDE 2026-1

Altavair has priced its new $667 million lease ABS more

19/04/2026

JOLCO investors undeterred by Iranian crisis

Investor appetite for JOLCO remains strong despite the Middle Eastern conflict, although rising fuel costs and geopolitical risks may prompt investors to continue favouring established, premium airline credits. more

17/04/2026

Jet fuel crisis threatens JetBlue and Spirit, Lufthansa cuts capacity, new Boeing NB 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

17/04/2026

Castlelake tests market with CLAS 2026-2 - first aircraft lease ABS since Iran crisis

US aircraft lessor Castlelake is the sponsor behind a $888.2 million ABS - the first aircraft lease securitisation to hit the market since the escalation of the war between the US and Iran in late February. more

16/04/2026

Remarketing Watch Data Sheet April 2026

229 aircraft were listed on remarketing sites tracked by Ishka in April. more

15/04/2026

Q1 Bank Survey: Margins stable but aviation banks brace for higher funding costs

Lenders share that the Iranian conflict will likely force bank margins higher to accommodate both risks facing airlines and increased funding costs. more

14/04/2026

On Watch: Airlines under pressure as fuel crisis nears seventh week

This edition of On Watch provides updates on airBaltic, SpiceJet, SAS and JetBlue. more

13/04/2026

Briefing: How could higher oil prices impact previous-generation aircraft values?

Ishka's latest periodic review has seen a drop in market lease rates (MLRs) for older vintage A320ceo aircraft. more

10/04/2026

Jet fuel supply risks, ITE & Blackstone unveil jumbo sidecar, Air Lease sale concludes, new-build Airbus narrowbody 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

10/04/2026

Aircraft buyers: ITE and Blackstone pick DAE for jumbo leasing sidecar

ITE and Blackstone Credit & Insurance (BXCI) have announced a new aircraft leasing sidecar with Dubai Aerospace Enterprise (DAE). more

09/04/2026

'Fragile truce' offers momentary reprieve, but jet fuel crisis is far from over

Iran and the US have agreed to a conditional two-week ceasefire, but disruptions to jet fuel markets are expected to keep prices elevated for some months. more

08/04/2026

Air Lease merger bonds only leasing issuances since Iran war began

There has been a dearth of leasing capital markets activity since the US and Israeli attacks on Iran began on 28th February, with one relatively large exception – the $4 billion issued as part of the Air Lease acquisition. more

08/04/2026

Indonesia’s new leasing platform, Avion Express to return A320ceos, ten-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

02/04/2026

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

This is the 24th 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

01/04/2026

Doric’s MD discusses aircraft sales as firm exits aviation

Doric is preparing to sell the remaining aircraft in its portfolio as part of a gradual exit from aviation asset management. Ishka speaks with Sibylle Paehler, Doric’s Managing Director and co-founder. more

01/04/2026

ACMI provider Avion Express confirms fleet 'realignment'

ACMI provider Avion Express has confirmed it is adopting a “proactive fleet and structural realignment” with plans to redeliver at least 15 aircraft “and will continue to evaluate fleet size depending on market developments.” more

30/03/2026

ACMI provider Avion Express looks to hand back aircraft to lessors

Lithuanian ACMI provider Avion Express is understood to be in talks with lessors about returning more than 20 Airbus A320ceos or roughly half its fleet, according to multiple leasing sources more

30/03/2026

Engine Buyers List March 26: Which engines are lessors targeting?

This is the 9th edition of Ishka’s Engine Buyers List, where Ishka profiles some of the most active commercial engine buyers in the secondary market. more

27/03/2026

Ishka London wrap-up, Sumisho Air Lease issues $4 billion in notes, 10-year-old Airbus widebody 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

27/03/2026

Ishka London: Trades continue but Iran is focusing aircraft buyers minds

Amid the ongoing conflict in the Middle East, Ishka understands that secondary‑market aircraft trading activity shows “no signs of abating,” according to multiple sources. more

26/03/2026

Ishka London: ‘Lost month’ of aircraft ABS deals as Iran conflict slows issuances

Sources warn that the war in the Middle East is having a potential chilling effect on aviation ABS issuances, with issuers mulling whether to delay deals. more

25/03/2026

Ishka London: Deals still going ahead but if Iran conflict continues ‘everything changes’

Traders and banks say deals are continuing as normal but several have warned that if the conflict continues then it would begin to disrupt the aviation finance market. more

24/03/2026

Engine Buyers: RESIDCO spells out engine & aviation strategy

Ishka sits down with Scott Daniels, Managing Director – Aviation at RESIDCO, to discuss the lessors new $100m engine acquisition facility. more

23/03/2026

Cyprus Airways CEO: 'Anything that goes beyond a month and a half will start hurting hard'

As the Middle East conflict enters its fourth week, Ishka speaks with Thanos Pascalis, CEO of Cyprus Airways, ahead of Ishka’s London conference to understand how airlines are responding to the disruption and what it means for the weeks ahead. more

20/03/2026

AerCap ends order drought, US Fed holds rates steady amid oil price uncertainty

AerCap has announced a large order for 100 Airbus narrowbodies, including 77 A321neos and 23 A320neos. more

19/03/2026

The Ishka Fleet Plan Report: Inside Allegiant and Sun Country’s fleet strategy

The Ishka Fleet Plan report reviews airlines’ near-term fleet and delivery plans, including current leasing needs and financing considerations. The second edition covers Allegiant and Sun Country. more

19/03/2026

Airlines prep for higher fuel costs, Spirit to reject more aircraft, 10-year Boeing narrowbody 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

19/03/2026

Aviation insurers tread carefully as Middle East conflict continues

Aviation insurers have so far taken a cautious approach to the current Middle East conflict, with Ishka aware of only limited notices of review issued to airlines to date. more

18/03/2026

Q1 2026: Leasing debt costs continue to drop

The costs of debt options available to lessors broadly continued to fall from 2025 Q4 to 2026 Q1, according to Ishka research. more

18/03/2026

Remarketing Watch Data Sheet March 2026

229 aircraft were listed on remarketing sites tracked by Ishka in March. more

16/03/2026

Altavair’s COO Nick Hazeldine discusses widebodies, Altitude 3 and the aviation ABS market

Ishka talks to Altavair’s COO Nick Hazeldine about the assets Altavair is looking to potentially buy and sell this year more

13/03/2026

ISTAT wrap up, Oil prices continue to climb, 10-year Airbus narrowbody 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

13/03/2026

ISTAT: Iran crisis threatens Spirit restructuring, airlines react to jump in fuel costs

Aircraft finance sources say the conflict in Iran could imperil Spirit Airlines’ restructuring efforts if fuel costs remain elevated. Smaller, unhedged airlines are also more vulnerable to fuel shocks. more

12/03/2026