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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Debt-driven holiday firm Thomas Cook eyes sale of airline group

Following a share slump and rising debt last year Thomas Cook has announced a potential sale of its four subsidiary airlines. Ishka examines Thomas Cook’s leased fleet and lessor exposure. more

15/02/2019

in Lessors and Lease Rates , Airline Profiles

Jet Airways’ difficulties signal tough year for Indian airlines

Indian airlines had a tough year in 2018. A mixture of capacity growth, rising costs and fierce competition has put pressure on yields and margins. more

13/02/2019

in Airline Profiles , Modelling and Forecasting

Will JOLCO tax reforms impose higher costs for overseas lenders?

JOL/JOLCO lessors, offshore lenders and equity investors alike could be hit by upcoming Japanese tax reforms. more

11/02/2019

in Regulatory and Accounting , Aircraft Finance Market

Germania bankruptcy: What’s next for lessors?

A new conundrum emerged in the aircraft leasing market last week: Germania. The Berlin-based leisure airline filed for bankruptcy on February 4 after 32 years in operation. more

08/02/2019

in Aircraft Asset Profiles , Lessors and Lease Rates , Airline Profiles

Lawyering up: Lessors appeal Avianca Brazil's latest extension

Aircraft lessors exposed to Avianca Brazil have appealed a controversial 73-day extension to a stay on aircraft repossessions granted by a court in Sao Paulo on February 1. more

06/02/2019

in Aircraft Asset Profiles , Lessors and Lease Rates , Airline Profiles , Regulatory and Accounting

Cape Town in India: Bill gathers dust as implementation falters

Hopes that India could soon introduce the Cape Town Convention into its domestic legislation have been dashed, with progress unlikely until at least mid-2019. more

05/02/2019

in Regulatory and Accounting , Aircraft Finance Market

Can aviation meet equity investors' return expectations?

Equity returns for leased aircraft continue to tighten. more

04/02/2019

in Capital Markets , Investor Education , Aircraft Finance Market

Jet Airways denies repossession rumours as it negotiates equity lifeline

Investors should get confirmation this week whether troubled Indian carrier Jet Airways, which denied earlier aircraft repossession reports, has agreed to an equity lifeline from its two largest backers. more

01/02/2019

in Aircraft Asset Profiles , Lessors and Lease Rates , Airline Profiles

Chinese lessor watch: Bocomm issues $1.5bn bond

Ishka collects the latest deals, leases and news for Chinese-owned aircraft leasing entities between November 2018 and January 2019. more

31/01/2019

in Lessors and Lease Rates

Will lessors and lenders stick to their New Year resolutions?

Aircraft lessors and financiers indicate a greater resolve in trying to preserve returns for 2019. more

29/01/2019

in Lessors and Lease Rates , Modelling and Forecasting , Aircraft Finance Market

Lessors in suspense as Avianca Brazil nears deadline

Lessors involved in Ocean Linhas Aereas S/A (Avianca Brazil) are sitting out a controversial stay on repossessions in disquiet as a February 1 deadline nears for the crippled Latin American carrier. more

28/01/2019

in Aircraft Asset Profiles , Regulatory and Accounting

New beginnings – a review of the new airlines of 2018

Ishka looks at airlines that began life in 2018, and asks how secure are the plans for some of these start-ups? more

25/01/2019

in Airline Profiles

Ishka extends its Deal of the Year Awards submission deadline

Following requests, Ishka is extending its Deal of the Year Awards submission deadline to 7th February 2019. more

24/01/2019

in Aircraft Finance Market

Capital structure: a driver of success for lessors?

Aircraft leasing is a capital intensive business but how much of a role does a lessor's capital structure play in determining its competitiveness in the marketplace? more

22/01/2019

in Lessors and Lease Rates , Capital Markets

So, how did we do? Ishka reviews its 2018 Vista forecast

Ishka assess whether its predictions for 2018 came to pass. more

18/01/2019

in Modelling and Forecasting

Update: Investors help Germania’s short-term cash woes

Investors have helped the troubled German airline to meet a €20 million shortfall to keep operating but the charter carrier remains on Ishka's watch list. more

17/01/2019

in Airline Profiles

How big is the JOL and JOLCO market?

Although JOLs and JOLCOs have been two of the most commonly used tax leases in the market in recent years, market chatter indicates an end to the days of plenty. more

15/01/2019

in Aircraft Finance Market

Reminder: Ishka invites Deals of the Year Award submissions

Ishka is now accepting submissions for its Deal of the Year Awards. more

13/01/2019

in Aircraft Finance Market

Capital markets outlook for lessors: going like hot cakes

Capital markets have been very receptive of aircraft lessors in recent years. Ishka looks at the 2018 activity and considers the possible trajectory of lessors' capital markets issuance in the near future. more

10/01/2019

in Lessors and Lease Rates , Capital Markets

2018 traffic update: growth moderates but betters long term average

As part of a regular series looking at the trends in air traffic and capacity, in this Insight Ishka reviews the year-on-year changes in traffic and capacity between January and November 2018. more

09/01/2019

in Airline Profiles

So long, farewell, auf Wiedersehen, adieu – 2018’s defunct airlines

Mainstream media has been agitated as of late over some of the more recent airline failures. But is there any cause for concern? more

07/01/2019

in Airline Profiles

Ishka invites Deals of the Year Award submissions

Ishka is now accepting submissions for its Deal of the Year Awards. more

04/01/2019

in Aircraft Finance Market

Consolidation, fragmentation: lessor M&As in 2018

After a year of big buys, Ishka reviews lessor merger and acquisition activity in 2018. more

03/01/2019

in Lessors and Lease Rates

LIBOR is dead; long live LIBOR

A wake has been scheduled for LIBOR, but is aviation ready for a new reference rate? more

02/01/2019

in Capital Markets

Will Germania have a bumpy 2019?

Ishka studies the prospects for Germania, an independent niche leisure German carrier. more

01/01/2019

in Airline Profiles

More bad news for DR Peters’ A380s

Air France will return five A380s to the German asset manager at the end of their leases. more

20/12/2018

in Aircraft Asset Profiles , Lessors and Lease Rates , Investor Education , Aircraft Finance Market

No longer freight-ened by cargo?

A survey by ATOZ Aviation Finance reveals lenders are relaxing their attitudes towards funding freighter widebodies. more

18/12/2018

in Aircraft Asset Profiles , Aircraft Finance Market

Fly Leasing’s big Asian bet

Ishka examines Fly Leasing’s Q3 results. more

17/12/2018

in Lessors and Lease Rates , Lessor finances

US aircraft lessor ACG gains traction with ECA-like product

Ishka examines ACG’s private aviation finance guarantee programme, AFS. more

13/12/2018

in Aircraft Asset Profiles , Aircraft Finance Market

Investments in aviation finance – a return comparison

In a guest report asset manager and consultancy, AgFe, examines how aircraft equity returns compare to other real asset classes including airlines, REITs, shipping and the MSCI World Index. more

11/12/2018

in Investor Education

Anatomy of a deal: Korean pension fund buys into ANA B777 mezz debt

Detailed market intelligence on lease rates, loans, and asset values, from Ishka. more

10/12/2018

in Aircraft Asset Profiles , Lessors and Lease Rates , Investor Education , Aircraft Finance Market

Fund watch: Sirius delays IPO; Ostrum seeks investors

Sirius Aviation Capital Holdings Limited, the Guernsey-based lessor launched by Ryanair’s ex-deputy CEO, Howard Millar, has delayed its IPO for the second time this month, while Ostrum Asset management launches a new aviation debt fund. more

07/12/2018

in Lessors and Lease Rates , Capital Markets

Thomas Cook feels the heat as shares fall by 55%

Thomas Cook blames the European heatwave this year for disappointing financials. Ishka investigates. more

06/12/2018

in Airline Profiles

Ishka research update: Nepal Airlines struggles with $233m cost of new A330s

Detailed market intelligence on lease rates, loans, and asset values, from Ishka. more

04/12/2018

in Aircraft Asset Profiles , Airline Profiles , Aircraft Finance Market

Indigo Partners to the rescue after Icelandair axes WOW acquisition

Franke goes to Iceland: An eleventh-hour agreement to invest from Indigo Partners, founded by Bill Franke, has saved WOW Air after its acquisition by Icelandair was cancelled last week. more

03/12/2018

in Airline Profiles

Could aviation finance attract ESG investors?

Ishka examines whether aviation finance, a notoriously carbon-intensive industry, could meet ESG (environmental, social, governance) criteria and attract ethical investors. more

29/11/2018

in Regulatory and Accounting , Capital Markets , Investor Education , Home

Emirates Cargo wins $8.9m for failed B737 freighter delivery

Aero Acquisitions never completed the freighter conversion or delivered the aircraft. more

27/11/2018

in Lessors and Lease Rates , Aircraft Finance Market

Vx Capital Partners prices freighter ABS

Vx Capital Partners, a leasing firm specialising in narrowbody freighter aircraft, has priced its debut securitisation, CARGO 2018-1, 100% backed by cargo aircraft. more

26/11/2018

in Capital Markets

Alitalia fails to take leased engine delivery

Dispute with Aircraft Engine Lease Finance Limited could be costly for an insolvent carrier. more

22/11/2018

in Airline Profiles , Aircraft Finance Market

737 Classics head up parked fleet

Ishka examines the global parked fleet. more

20/11/2018

in Aircraft Asset Profiles , Modelling and Forecasting

German investors struggle to overcome USD hedging hurdles

Ishka panellists at the Ishka Frankfurt conference state rising hedging costs are keeping many German investors away from aviation. more

19/11/2018

in Investor Education , Aircraft Finance Market

Aircastle uses investment grade status to cut costs

Aircastle is putting its newly-acquired triple-IG rating to good use as the markets present it with both opportunities and challenges. more

16/11/2018

in Lessors and Lease Rates

What to do with an insolvent airline?

Should insolvent airlines be permitted to continue operating their aircraft temporarily? more

15/11/2018

in Regulatory and Accounting

Lessor chiefs react to promise of hard winter for airlines

Major leasing companies remain cautiously optimistic about their businesses. more

14/11/2018

in Lessors and Lease Rates , Aircraft Finance Market

Ishka NY Investival: Investors debate aircraft leasing risks and returns

An influx of capital penetrates the market for mid-life and older aircraft. more

12/11/2018

in Capital Markets , Aircraft Finance Market

A marriage of convenience: Icelandair and WOW’s share swap

Ishka examines a merger between Iceland’s ailing adversaries. more

09/11/2018

in Airline Profiles

Canada Jetlines breaches Boeing contract with A320 leases

The new carrier terminated its B737 MAX order to lease A320s from AerCap. more

08/11/2018

in Lessors and Lease Rates , Airline Profiles , Aircraft Finance Market

AerCap’s sales to slow as fleet makeover speeds up

AerCap’s Q3 results show that the lessor’s selling spree may be slowing down as the lessor shifts further focus to building up a fleet of highly liquid, popular aircraft types. more

07/11/2018

in Lessors and Lease Rates

Stoptober: autumn’s failed airlines

After several airlines failures in the past few months, Ishka asks: is this par for the course or cause for concern? more

06/11/2018

in Airline Profiles

New lessor Centrus preps for potential downturn

New leasing start-up Centrus’ founders explains to Ishka why they think the aircraft leasing sector could be on the verge of a correction. more

05/11/2018

in Lessors and Lease Rates , Home



The Aviation Investival: Korea

21th March, 2019

The only dedicated Korean aviation investor event returns to Seoul in March 2019 with some new twists and surprises.


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