Trusted, expert assessment of the latest industry trends from the respected Ishka team, including regional analysis, airlines, lessors and critical emerging issues.
1H 2017 review: Pratt delays expected to impact listed lessors
Ishka examines how delays to Pratt & Whitney’s new geared turbofan (GTF) engine could impact the listed lessors. more
19/09/2017
Kenya Airways seeks 5-year waiver on $1.9 billion Afrexim loan
Ishka examines Kenya Airways’ breach of terms on its $1.9 billion syndicated loan arranged by the African Export-Import Bank to fund 20 aircraft and its effort to obtain a payment holiday and lease reductions. more
18/09/2017
“Not an EXIM replacement”- Bob Morin explains AFIC
Bob Morin, AFIC’s Transaction and Business Development leader, explains how AFIC differs from ECAs and how it could help airlines and aviation financiers. more
15/09/2017
Update: Alitalia will not restructure leases until after sale
An update to our previous Insight. Alitalia will not restructure any leases until it knows who the new owner will be. more
14/09/2017
in Airline Profiles , Ishka insights , Aircraft Finance Market
Airbus’ continuing export credit paralysis
Airbus’ airline customers have not been able to access export credit agency cover for more than a year while the OEM continues to be investigated over its historic use of middle men. more
11/09/2017
Q2 lessor review: FLY continues its hunt for assets
FLY Leasing appears to be a frustrated buyer as its Q2 2017 net income drops from a year ago while the firm seeks to acquire the right assets. more
08/09/2017
Lessors adopt ‘wait and see’ approach to Alitalia
Lessors who have aircraft placed with Alitalia, the Italian flag-carrier currently in administration, are waiting to see what will happen to the airline before making any commercial decisions. more
06/09/2017
in Airline Profiles , Ishka insights , Aircraft Finance Market
Q2 lessor review: Impairments bedevil Aircastle
In a review of Aircastle’s Q2 2017 results, Ishka’s considers impairments stated in the quarter and the lessor’s stated strategic reliance on opportunistic transactions for future growth. more
05/09/2017
Airlines charge lessors more for novations
As the world’s fleet increases, airlines are forced to spend time doing novations as lessors trade their aircraft. Ishka examines some of the challenges lessors and airlines face with novations. more
04/09/2017
in Lessor finances , Ishka insights , Regulatory and Accounting , Technical Expertise
Update: the scramble for airberlin’s assets
Ishka reviews the fallout from airberlin’s insolvency as competitor airlines bid for assets. more
31/08/2017
in Airline Profiles , Ishka insights , Aircraft Finance Market
Q2 lessor review: ALC comments on newcomers
Ishka analyses Air Lease Corporation Q2 2017 performance and concerted effort to address market concerns over leasing newcomers. more
30/08/2017
Is Norwegian’s low-cost long-haul model sustainable?
Ishka compares Norwegian Air Shuttle with a regional rival low-cost carrier, Wizz Air, to understand just how expensive Norwegian’s long-haul ambitions are proving to be. more
29/08/2017
Investors up equity portions in new JOLCOs
Japanese Operating Leases with Call Options, or JOLCOs, are seeing increased demand from investors and airlines. more
25/08/2017
Could aviation finance adopt blockchain?
Ishka examines whether OEMs could be tempted to use blockchain for the transfer of aircraft titles. more
23/08/2017
Will Brexit force the UK to drop out of the European open skies deal?
In a special guest insight piece, RDC Aviation Economics’ Tim Coombs, looks at the impact of Brexit on airlines and airports. more
21/08/2017
H1 2017 traffic growth and load factors up but Middle East sees decline
As part of its regular series on air passenger traffic, Ishka studies the evolution of traffic and capacity during the first six months of 2017. more
18/08/2017
Lessors ponder fall out from airberlin’s collapse
Ishka reviews how the German carrier’s recent insolvency could impact Airbus aircraft lease rates. more
17/08/2017
Going below 0.6 lease rate factors
Lessors complain that as competition for aircraft sale/leasebacks heats up some new deals are breaking the 0.6 lease rate factor barrier. more
15/08/2017
Aviation debt funds to surge in 2017
Three or four new aviation debt funds are expected to be established by the end of the year. more
14/08/2017
Lessors grapple with diminishing A330 CEO demand
Ishka examines the prospects of the versatile twin-aisle aircraft popular with lessors. more
11/08/2017
Q2 lessor review: AerCap’s trading wins
AerCap’s second quarter results get a boost from a large disposal while the lessor’s orderbook gets a boost from a surprising, and sizeable, widebody order. more
09/08/2017
Market review: Lessors warm to Russia but financiers remain skittish
An uptick in RPKs by Russian airlines has coincided with more interest from lessors seeking to place aircraft in Russia but aviation banks are still wary of funding deals into the country. more
08/08/2017
What went wrong with Etihad’s equity alliance strategy?
Etihad made a net loss of $1.87 billion in 2016, due partly to losses stemming from its stake in other airlines. Ishka examines Etihad’s equity alliance strategy to understand the flaws in the Gulf carrier’s strategy. more
07/08/2017
Are investors put off by the complexities of aviation finance?
Despite a wave of new money entering the aviation space, could the industry attract more capital from institutional investors? more
03/08/2017
Investor guide: Understanding aircraft depreciation
In a quick primer, Ishka presents an overview of one of the more complex debates currently taking place in aviation—economic life of aircraft, depreciation and residual value assumptions. more
02/08/2017
in Ishka insights , Investor Education , Modelling and Forecasting
Scope argues low fuel prices here to stay
Ishka examines a research piece from Scope Ratings arguing that oil prices are unlikely to exceed $60 a barrel in the short to medium term which will help to boost aviation credit quality. more
31/07/2017
Lessors test 777-300ER’s secondary market appeal
The first potential ‘wave’ of used 777-300ERs are now coming off their initial 12-year leases. Ishka examines the remarketing challenge and prospects for the popular Boeing twin-aisle aircraft. more
28/07/2017
Banks struggle to price Basel III changes
Aviation banks are still unclear how incoming capital requirements rules will impact loan pricing. more
26/07/2017
Lessor warehouse deal margins continue to compress
Bankers state that margins appear to have compressed for lessor warehouse financings while borrowers demand looser terms. more
25/07/2017
Could investors be hit by 5,000 excess aircraft?
Ishka examines what might happen to the world’s stored fleet in a downturn. more
24/07/2017
Have margins bottomed out for aircraft financing?
Ishka asks whether margins have reached a natural floor for secured commercial bilateral aircraft deals. more
19/07/2017
fastjet’s rough road to recovery
Ishka re-examines whether fastjet’s new strategy is enough to save the low-cost carrier. more
18/07/2017
Investor watch: Oaktree buys 18 leased aircraft
In this issue of Investor watch Ishka reviews the latest funds and institutional investor activity within commercial aviation. more
17/07/2017
Engine-backed securitisations: a new old frontier?
Ishka examines the recent history of engine-backed securitisations. more
14/07/2017
Is there an optimum leasing level for airline profitability?
A new study from the Toulouse Business School suggests that leasing 53.4% of a given fleet will maximise operating profit. more
12/07/2017
Dublin 17 Aviation Finance Festival: Lessors react to Middle East risk
Ishka summarises some of the recent highlights from Ishka’s 2017 Dublin Aviation Finance Festival, held at the Clontarf castle in Dublin. more
11/07/2017
Dublin 17 Aviation Finance Festival: winning a race to the bottom
Ishka summarises some of the recent highlights from Ishka’s 2017 Dublin Aviation Finance Festival, held in Clontarf castle in Dublin. more
10/07/2017
Future financing forecast: Airbus and Boeing Asian carriers
In the fourth installment of a series of reports, Ishka provides an approximate guide to which carriers within Asia and Australasia are set to receive aircraft from both Boeing and Airbus over the next 18 months. more
04/07/2017
in Ishka insights , Modelling and Forecasting , Aircraft Finance Market
Repossession risk report: Nigeria and Turkey
Anecdotal evidence suggests that aircraft repossessions are on the rise. Ishka looks at two of the more difficult jurisdictions to retrieve an aircraft from: Nigeria and Turkey. more
03/07/2017
in Lessors and Lease Rates , Ishka insights , Regulatory and Accounting , Technical Expertise
Spreading its Wings: Wings Capital Partners expands to Dublin
Ishka speaks with Wings Capital Partners founder, Stephen Hannahs, as the US lessor welcomes a new equity partner and boost its asset portfolio. more
02/07/2017
in Lessors and Lease Rates , Ishka insights , Capital Markets
European Airlines’ labour efficiency in two charts
Ishka’s analysis highlights the gulf in labour productivity between many of the major European carriers. more
28/06/2017
Interview: Boeing Capital chief on life without Ex-Im
Ishka speaks to Tim Myers, president of the Boeing Capital Corporation, about the business’ current portfolio, current financing trends and how it’s dealt with the absence of the US export credit agency, US Ex-Im. more
27/06/2017
Future financing forecast: Airbus and Boeing EMEA carriers
In the third part of a series of reports Ishka provides an approximate guide to which carriers in Europe, the Middle East and Africa are set to receive aircraft from both Boeing and Airbus over the next 18 months. more
23/06/2017
How will changes to Ireland’s double tax treaties impact new lessors?
Ishka reviews what changes to Ireland’s double tax treaties as part of the OECD BEPS regulations could mean for aircraft lessors. more
22/06/2017
in Ishka insights , Regulatory and Accounting , Aircraft Finance Market
Future deliveries update: Airbus and Boeing Americas
In the second of a series of reports Ishka provides a rough guide to planned aircraft deliveries for both Airbus and Boeing for North and Latin American carriers over the next 18 months. more
20/06/2017
Future deliveries update: Bombardier and Embraer
As part of a new series of Insights Ishka provides a rough guide to the planned aircraft deliveries for both Bombardier and Embraer globally for the next 18 months. more
19/06/2017
Alitalia – a test case for the modern ABS
Ishka studies the key features of the top three ABS exposed to Alitalia to understand their structural protections for investor protection. more
16/06/2017
AerCap Q1 review: Does size matter?
AerCap’s most recent Q1 2017 results saw a meaningful rise in net income as the lessor appears to be using its platform to successfully navigate changes in the aviation industry. more
15/06/2017
What’s next for Qatar Airways?
Qatar Airways, the Middle East’s fastest expanding carrier, is set to be the airline worst affected by the ongoing crisis in the Gulf. Ishka looks at how the airline could respond. more
14/06/2017
Investing in Aviation Finance: New York
Oct 17 - Oct 18, 2017
PARK LANE HOTEL: NEW YORK, United States
Ishka’s “Investing in Aviation Finance” series connects institutional investors to the aviation finance market and provides an innovative forum for education and collaboration with the wider finance community More info
Successfully navigating the aviation cycle
Trusted information for calculated decisions
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