Trusted, expert assessment of the latest industry trends from the respected Ishka team, including regional analysis, airlines, lessors and critical emerging issues.
Repossession update: WOW, Avianca Brazil and Flybmi
Ishka tracks the repossession process of three bankrupt carriers in 2019: WOW air, Avianca Brazil and Flybmi, and reviews some other recent bankrupt airline fleets. more
17/06/2019
in Aircraft Asset Profiles , Lessors and Lease Rates , Airline Profiles
South African Airways loses another CEO amid “unsustainable” debt
Another SAA CEO bites the dust, complaining that the airline is receiving no governmental support for its "unsustainable" level of debt. more
14/06/2019
Aergo CEO: A second ABS “not on the horizon”
As Aergo celebrates its 20th birthday, Ishka sits with the firm’s CEO and founder, Fred Browne, to talk about the company's history, why he thinks aircraft prices could soften and why the aircraft lessor is forgoing the ABS market - for now. more
13/06/2019
OEM problems throw a wrench into ALC’s growth plans
ALC’s growth plans have been materially affected by OEM troubles and the delays they have caused. more
11/06/2019
Ishka’s predictions for the 2019 Paris Air Show
Ishka looks at what could be in store at the 2019 Paris Air Show: from major announcements from Airbus to PR damage mitigation at Boeing. more
10/06/2019
MAX grounding Q1 costs for top operators just tip of the iceberg
The Q1 results of top MAX operators covered less than three weeks of the grounding. Ishka believes Q2 results will reveal greater costs. more
07/06/2019
Investor Guide: Digitalisation and the end of paper aircraft records
This investor guide looks at one of the main paper-heavy touchpoints on the road to digitalisation: aircraft records. more
05/06/2019
US private equity acquires lessor aircraft portfolios
A US private equity firm and a separate US equity fund manager have won bids to acquire separate leased aircraft portfolios from AerCap and Aircastle. more
04/06/2019
Aircastle Q1 results weighed down by Avianca and Jet failures
Aircastle took roughly a 10% delta y-o-y—on its rental yields and net cash margins in Q1 2019 following the bankruptcies of just two of its 86 lessees, Jet Airways (India) and Avianca Brazil (Brazil). more
03/06/2019
Update: €0.33/litre European jet fuel tax on the cards after EU elections
All of the political groups likely to form the European Parliament's next majority back a commercial jet fuel tax. Update: Tax would have meant 82.44% increase of 2018 - 19 fuel costs. more
31/05/2019
Aviation finance: Are you pricing for risk properly?
Three aircraft and engine leasing risk officers highlight their biggest concerns in the market today. more
30/05/2019
Lessor CEOs: MAX grounding a boon for lessors?
Has the Boeing 737 MAX grounding inadvertently helped lessors? Yes, according to several aircraft leasing chiefs. more
28/05/2019
Spare engine purchase prices soar by 20% in twelve months
With demand for spare engines getting stronger and stronger, Ishka surveys engine lessors for current spare engine purchase prices and lease rates. more
24/05/2019
Lessors succeed in remarketing most of bankrupt Germania’s A319s
Three months after the German leisure carrier filed for bankruptcy lessors have remarketed of half of Germania’s fleet. more
23/05/2019
Aviation financiers becoming wary of rising airline risk
As fuel costs rise and airline bankruptcies have piled up in 2019, aviation financiers debate whether banks have become more sensitive to airline credit risk in the past year. more
20/05/2019
in Airline Profiles , Capital Markets , Aircraft Finance Market
FLY drops A320neo options
FLY Leasing has chosen not to exercise the 2019 A320neo options it inherited as part of the AirAsia transaction. more
17/05/2019
in Lessors and Lease Rates , Aircraft Finance Market
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Goshawk markets debut ABS
Ireland-headquartered Goshawk Aviation conduct a roadshow for its debut aircraft ABS - the youngest aircraft ABS with tradable E-note to date. more
15/05/2019
in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market
ISTAT Asia: MAX likely grounded until end of 2019
Attendees and appraisers at ISTAT Asia did not think the MAX would be flying again in time for the summer season and asked how the grounding could impact MAX values and lease rates. more
14/05/2019
in Aircraft Asset Profiles , Aircraft Finance Market , Regulatory and Accounting
MAX grounding: Lessor CEOs discuss Boeing’s “multi-headed monster”
The CEOs of CDB Aviation, BOC Aviation Avolon and SMBC Aviation Capital share their views on the MAX grounding and Boeing’s uphill public relations battle. more
13/05/2019
GECAS' second tradable E-note aircraft ABS
GECAS has closed its fifteenth asset-backed securitisation (ABS) backed by narrowbody leased aircraft - STARR 2019-1 and the second to involve a tradable equity note (E-note). more
12/05/2019
AerCap’s gains on sales keep dropping
AerCap’s net income Q1 2019 took a hit after the lessor saw a dramatic decrease in gains from sales which the lessor attributed to both the type and number of the aircraft it sold in the quarter. more
09/05/2019
Aegean leverages Greece’s tourism boom
Ishka studies how Aegean has achieved continuous growth despite the fact that Greece’s GDP has shrunk by 25% since 2008. more
07/05/2019
HNA woes prompt Hainan Airlines' loss
In the latest in the HNA saga, the firm's group of airlines have reported dismal 2018 results as the parent continues to look for assets to sell off. more
06/05/2019
Lessors face prospect of dismal MAX lease rates
Lessors are in limbo following the MAX grounding while 737 MAX lease rates are likely to remain low in the short-term. more
02/05/2019
Avolon bags funds, investment grade under the Orix halo
Financial markets and credit agencies have decisively shrugged off Avolon’s HNA woes as investors jumped feet first into the lessor’s gargantuan $2.5 billion issuance of senior unsecured debt in early April 2019. more
01/05/2019
Norwegian puts the brakes on leasing arm growth
Low-cost carrier Norwegian Air Shuttle has scaled back growth of its captive lessor, Arctic Aviation Assets (AAA), by delaying aircraft deliveries for the next two years. more
30/04/2019
in Main Categories , Aircraft Asset Profiles , Airline Profiles , Regions
Boeing’s shrinking MAX orderbook
Boeing has gotten no MAX orders since the fatal Ethiopian Airlines crash, along with 210 MAX orders wiped from its books as Jet Airways teeters on the brink. more
26/04/2019
Investor guide: Cannibal airlines and Christmas trees
In this investor guide Ishka highlights the risk of bankrupt airlines raiding leased aircraft for parts and leaving investors and lessors with a costly maintenance bill. more
25/04/2019
Climate change protesters turn to aviation
A small group of climate protesters targeted Heathrow Airport this meet. How seriously should aviation financiers take the threat of future demonstrations? more
23/04/2019
ICBC Leasing shortlists buyers for 40 aircraft portfolio
Chinese leasing firm ICBC Leasing conducts one of the largest aircraft portfolio sales of recent history. more
22/04/2019
Aircraft ABS: Castlelake prices CLAS 2019-1
US fund manager and leasing firm Castlelake has priced its sixth structured ABS financing, Castlelake Aircraft Structured Trust 2019-1 (CLAS 2019-1). more
17/04/2019
Jet Airways: Lessor repossessions gain speed as airline winds down operations
Ishka analyses the latest developments in Jet Airways’ fleet and the hurdles lessors could face. more
16/04/2019
Ishka Investor Europe: MAX and neo equity returns continue to compress
Aircraft investors and lessors gathered at Ishka’s Aviation Finance Europe conference last week confirmed that returns on new technology leased aircraft, such as the Boeing 737 MAX and Airbus A320neo, have tightned forcing many investors seeking higher returns towards older aircraft. more
15/04/2019
in Aircraft Asset Profiles , Aircraft Finance Market , Lessors and Lease Rates
Ishka Investor Europe: Aviation investors reveal environmental concerns
Ishka summarises some of the key takeaways from the Ishka’s Investing in Aviation Finance Europe conference held last week in London. more
12/04/2019
in Regulatory and Accounting , Capital Markets , Aircraft Finance Market
Fund watch: Huijbers launches Hong Kong equity fund, Aero Capital Solutions closes midlife aircraft fund
Ishka examines two new aviation equity funds one launched by Aero Capital Solutions, which has closed at $200 million, and another, by PH Aviation Asia, which is still seeking investors. more
11/04/2019
Lessors still wait for repossessions as Azul and Avianca Brazil talks collapse
Lessors are still seeking to repossess aircraft from struggling Latin American carrier Avianca Brazil, as its creditors actively explore auctioning off the airline’s assets. more
10/04/2019
Lessor CEOs: hitting the bottom of the sale/leaseback market
Ishka reviews some of the key market concerns raised by the public aircraft lessors including AerCap, Aircastle, ALC, and Fly including a potential slow-down in capital from China, Jet Airways’ and the tension of enforcing the Cape Town Convention in Brazil. more
08/04/2019
in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market
How are airlines coping with the MAX grounding?
Ishka examines the level of optimism hinted by other airline schedules, the impact of the immediate MAX order backlog on operators, and how large and small airlines exposed to the type are reacting. more
05/04/2019
in Airline Profiles , Modelling and Forecasting , Aircraft Finance Market
AWG addresses GATS questions with draft documentation
AWG has published GATS draft documentation ahead of its planned Q1 2020 release. In it, the organisation takes pains to address some of the common question that the market has had over its project. more
03/04/2019
in Regulatory and Accounting , Technical Expertise , Aircraft Finance Market
Boeing struggles to push through MAX software fix
Boeing's MAX software fix has been delayed from days to weeks by the FAA, who are themselves losing the confidence of aviation authorities worldwide. more
02/04/2019
in Regulatory and Accounting , Aircraft Finance Market , Aircraft Asset Profiles
Ishka Investival: Korean investors explore more ABS e-notes
South Korean equity investors are open to more aviation deals including aircraft ABS e-notes, according to aviation financiers and lessors speaking at Ishka’s Hong Kong Investival last week. more
01/04/2019
in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market
Ishka Investival Asia: JOL/JOLCO appetite buoyant but tax reforms spook foreign banks
Japan remained a centrepiece of discussion at Ishka’s Investival Asia in Hong Kong, with participants confident about aviation's continued appeal for Japanese investors, but uncertain about where recent tax reforms leave non-Japanese banks. more
29/03/2019
in Capital Markets , Aircraft Finance Market , Investor Education
WOW Air collapse: How are lessors impacted?
Icelandic carrier WOW Air ceased operating on 28th March after talks failed on a lifeline investment from Indigo Partners. Ishka assesses the impact on lessors. more
28/03/2019
Fly Leasing reaps rewards with AirAsia bet
It must have been quite a New Year’s party at Fly Leasing considering the impressive 2018 full-year results. Ishka assesses the impact of Fly’s decision to acquire the AirAsia portfolio on the platform and its possible future… more
26/03/2019
CDB Aviation boss: “Don’t expect to see new Chinese aircraft lessors”
CDB Aviation’s CEO Peter Chang and President Pat Hannigan believe that higher funding costs and declining yields will deter Chinese investors from creating more leasing platforms. more
25/03/2019
Azul boss wants “fast” Avianca Brazil deal as lessors seek to reclaim aircraft
Azul’s acquisition of Avianca Brazil’s aircraft leases and airport slots needs to be closed “fast” in the next 60 days if the struggling Avianca spin-off wants “business". more
22/03/2019
Jet Airways faces repossession crisis
Jet Airways has reached a critical juncture in the negotiations for its survival with potential rescuers Etihad and the State Bank of India (SBI) locking horns as more aircraft are grounded. more
20/03/2019
Boeing likely to offer airlines compensation for MAX groundings
Norwegian says it is "obvious" Boeing will pick up the bill for the cost of the MAX groundings, but how likely is it that airlines will receive compensation from the OEM? more
19/03/2019
in Airline Profiles , Aircraft Finance Market , Aircraft Asset Profiles
ISTAT: CDB Aviation chief argues this is the “beginning of the downturn”
A panel of leasing CEOs from GECAS, SMBC Aviation Capital, CDB Aviation and Air Lease Corporation debate whether the aviation finance industry is entering a downturn. more
18/03/2019
ALC’s declining China exposure
Optimism-driven growth was the main theme of Air Lease Corporation’s performance in 2018. But with gains from trading showing some softness across several top lessors, Ishka wonders if weakness in the secondary markets may be emerging. more
15/03/2019
The Aviation Finance Festival
Jun 26 - Jun 27, 2019
InterContinental Dublin, Ireland
Ishka’s exhilarating festival is the premier annual gathering of senior aviation finance professionals offering discussion and insight into the future of the industry.More info
Investing in Aviation Finance China
Sep 5, 2019
JW MARRIOTT HOTEL SHANGHAI AT TOMORROW SQUARE, China
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