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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‘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

MRO Update: Lessors reach out to part-out firms over rejected Spirit aircraft

Ishka has received further confirmation that lessors with rejected Spirit Airlines aircraft are in talks with part-out firms as they debate whether or not to sell the assets for tear down. more

02/12/2025

SAVi Five: COP30 aviation takeaways, CDB Aviation reports emissions decoupling, and more…

The 2025 UN Climate Change Conference (COP30) ended in Brazil on 21st November with a final agreement delivered on 22nd November after all-night negotiations. more

01/12/2025

'Vast majority' of Airbus A320s receive solar software fix after weekend disruption

Airbus has provided an update on the identified flight control issue that led to an Alert Operators Transmission (AOT) being issued on 28th November, impacting around 6,000 A320 family aircraft. more

01/12/2025

SMBC Aviation catches Thanksgiving bond window, AerFin funds A320neo part out

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

27/11/2025

Castlelake talks widebody shortages, engine returns and its 'substantial' aircraft pipeline

Ishka speaks with Joe McConnell, Castlelake’s deputy co-chief investment officer about aircraft acquisitions plans for next year, how its alt lender subsidiary Merit AirFinance is performing and asks if the lessor has any plans for the engine market. more

26/11/2025

Older generation NB values hold firm – but cracks emerging

Ishka’s Pricing Benchmark looks at lease rates and prices for eight and 16-year-old A320ceos and 737NGs. more

25/11/2025

Remarketing Watch - November 2025

Remarketing availability remained broadly flat moving into November, with 267 aircraft being listed on sites tracked by Ishka, down from 270 last month. more

24/11/2025

Transactions Update: Aircastle offers 36 aircraft portfolio, Dubai Air Show round up, OEMs mull stretched widebodies

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

21/11/2025

How rising engine LLP prices are increasing MRO costs

Lessors state that revised LLP escalation rates have increased expected maintenance costs for several common narrowbody engine types. Ishka presents a quick review of current MRO costs. more

20/11/2025

US Fed minutes hint at division over December rates cut

Those at the meeting expressed “strongly differing views” as to the appropriate steps to be taken on monetary policy next month. more

20/11/2025

Why engine OEMs will keep imposing elevated LLP price hikes

Lessors state they expect engine OEMs to continue to add significant LLP price hikes for the foreseeable future, potentially adding millions of dollars of costs for airlines and engine investors when it comes to overhauling and servicing aircraft assets. more

18/11/2025

Aircraft values: Older A330-300s see values boost, younger ATR 42 prices soften

The majority of aircraft have seen stable current market values (CMVs) over the past six months, according to Ishka Transaction Economics data. more

17/11/2025

Carlyle’s AASET 2025-3 prices

The latest aircraft lease ABS from Carlyle Aviation Partners (Carlyle) has priced, achieving yields of 5.301% on its $526.182 series A notes and 5.801% on its $76.254 million series B notes. more

17/11/2025

Carlyle markets its third aircraft lease ABS of the year

Carlyle Aviation Partners (Carlyle) is back in the aircraft lease ABS market with its third transaction of the year, AASET 2025-3. more

13/11/2025

ASG comments on WOLF fundraise, the ACMI market and SmartLynx Latvia’s restructuring

Responding to Ishka, Avia Solutions Group (ASG) addresses the sale and recent restructuring of its former subsidiary SmartLynx Latvia. The firm also commented on the ACMI market and answered questions about the firm’s new Dublin-based leasing platform Waypoint Operating Lease Finance (WOLF), currently in the market for a $500 million capital raise. more

12/11/2025

Restructuring: A review of SmartLynx Latvia’s creditors

SmartLynx Latvia owes over €238 million in total liabilities, according to creditor notices reviewed by Ishka. The majority, around €171 million, or 72%, is owed to entities linked to former parent Avia Solutions Group. more

12/11/2025

Airbus’ subsidiary Satair to acquire parts firm Unical

Satair, an Airbus company, has agreed to buy aircraft parts firm Unical Aviation Inc. (Unical) and its tear-down and aircraft storage subsidiary ecube. more

10/11/2025

Transaction update: Embraer ditches turboprop plans, AviLease prices debut bond, Frontier issues private EETC

Key trends, recent deal flow, and announcements within aviation and aircraft leasing. more

07/11/2025

On Watch: Caribbean Airlines placed ‘On Watch’, Rex sale advances

This edition of On Watch provides updates on Caribbean Airlines and Regional Express (Rex). more

06/11/2025

Q3 Bank Survey: LTVs rise as banks compete on terms to win deals

Risk-adjusted margins on new aircraft loans and warehouse facilities dropped again slightly in the past three months, Ishka research shows, driven by tough competition between lenders looking to win financing mandates. more

06/11/2025

Cap Markets October: American's $1.1bn EETC, Southwest’s $1.5bn bond, lessors issue $1.85bn of unsecured notes

October was a bumper month for airlines in the Capital Markets with American Airlines marketing a $1.1 billion EETC and Southwest Airlines pricing $1.5 billion in unsecured bonds.  more

04/11/2025

SmartLynx Airlines undergoes Latvian restructuring

SmartLynx Airlines has entered legal protection proceedings on 28th October 2025, according to a filing in the Riga District Court. This follows the news that former parent, Avia Solutions Group, had divested it's stake in the Latvian AOC. more

03/11/2025

AerCap Q3: the double-edged sword of Spirit’s Chapter 11

AerCap adds ex-Spirit Airbus orders to its own book - but also has to contend with rejected aircraft. more

31/10/2025