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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On Watch: Canada Jetlines suspends operations, Delhi High Court upholds order for SpiceJet to return engines

Leisure carrier Canada Jetlines has called it quits less than two years into launching services amid mounting financial challenges, while in India, SpiceJet faces another legal challenge after defaulting on lease payments for three engines. more

13/09/2024

Avolon strikes deal to buy 118 aircraft portfolio from Castlelake

Avolon has agreed to buy a $5 billion, 118-aircraft portfolio held by Castlelake Aviation Limited (CA), an entity created by aircraft asset manager Castlelake. more

13/09/2024

DAE and SKY join Autumn rush of aircraft ABS

Two aircraft lessors, Dubai Aerospace Enterprise (DAE) and Sky Leasing (Sky) are currently in the market with separate aircraft ABS as the public aircraft ABS market shows signs that it might finally be returning in earnest. more

12/09/2024

Capital markets update: AerCap leads early September issuances after quiet August

Lessors tracked by Ishka raised $650 million in unsecured capital markets debt in August. more

11/09/2024

Aircraft Buyers List September 24: Which aircraft are lessors targeting?

This is the 14th edition of Ishka’s aircraft buyers list, where Ishka summarises a list of potential and active buyers of leased aircraft on the secondary market. Since the last update on 13th August 2024, Ishka recorded nine new aircraft trades. more

10/09/2024

Doric sells A380s to Emirates, Air Baltic tops up A220 order, Aussie start-up Koala Airlines in Max talks

Ishka's Transaction Update is a report series looking at essential trends, recent deal flow, and key announcements within aviation and aircraft leasing... more

09/09/2024

Aeroflot to settle with aircraft lessors, Fed official signals rate cut

Ishka examines how Aeroflot's plan to agree insurance settlements could impact ongoing litigation from aircraft lessors. more

06/09/2024

Aviation ABS trading: recent issues trade above par, Carlyle issues more notes in August

97 aviation ABS tranches tracked by Ishka traded in the last 90 days, accounting for 356 individual trades. more

05/09/2024

BBAM launches Horizon 2024-1 ABS

Aircraft asset manager BBAM is in the market with a $556 million aircraft, ABS Horizon 2024-1. The new single note deal will be used to acquire a portfolio of 17 new-tech narrowbody aircraft assets. more

04/09/2024

Aircraft investors shoot for mid-teen returns

Ishka provides a guide to aircraft equity investors and their return expectations. more

03/09/2024

Airlines reassess post-pandemic future, the rise in cargo demand

Welcome to Ishka's Transaction Update, a report series looking at essential trends, recent deal flow and key announcements within aviation and aircraft leasing. more

02/09/2024

Loan Datasheet: Aircraft finance leases increase, airlines hedge foreign currencies

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

30/08/2024

Banking Q3 survey: A dearth of deals compresses margins

Bank margins have contracted further in the last three months according to Ishka research, as lenders state that a limited number of new deals has compressed margins. more

29/08/2024

Engine Buyers List August 24: Which engines are lessors targeting?

In a new report series, Ishka summarises a list of some of the most active commercial engine buyers in the secondary market. more

28/08/2024

Engine Data Sheet: New-tech fleet status and engine remarketing snapshot - August 2024

Ishka's Engine Data Sheet pulls together trends and figures in the engine leasing space.  more

26/08/2024

SAVi Five: Asia-Pacific countries to produce SAF roadmap, airport expansion hinged on A220s/E2s, and more…

Five noteworthy aviation sustainability developments in the past seven days curated by the Ishka SAVi team. more

23/08/2024

Market snapshot: Trading levels, interest rates, and unsecured debt issuances

Ishka's market snapshot data sheet brings together key trends and figures in the aviation finance space. more

22/08/2024

Lessor order books: ACG and Macquarie Boeing orders hit the books, 33 leasing deliveries in July

Lessors received 33 aircraft from their Airbus and Boeing orderbooks in July, around 28% of total deliveries from the two OEMs. more

21/08/2024

An investors guide to: Training, Special Mission, and Subregional aircraft

In a guest Insight, Aldo Giovannitti from consultancy, Aernovum Aviation looks at pricing and opportunity presented by a class of alternative aircraft assets often overlooked by many investors – the training, special mission and subregional aircraft market. more

20/08/2024

Japanese carriers bolstered by international traffic growth

Japan’s two largest carriers JAL and ANA have reported strong financial performances in FY 2024, driven largely by the recovery of demand in the international segment. more

19/08/2024

New aircraft deliveries: July 2024

Boeing made a more promising start to Q3, delivering 43 aircraft in July and equalling its monthly year-on-year deliveries for the first month this year. more

16/08/2024

Remarketing Watch Data Sheet: August 2024

The number of aircraft being actively remarketed on sites analysed by Ishka remains in a plateau in August. more

15/08/2024

Lessor M&A: Will a sellers’ market help platform sales?

Ishka reports on a number of separate M&A campaigns among aircraft lessors. But will the current investor demand for aircraft assets translate into a more benign environment for leasing M&A? more

14/08/2024

Aircraft Buyers List August 24: Which aircraft are lessors targeting?

This is the 13th edition of Ishka’s aircraft buyers list, where Ishka summarises a list of potential and active buyers of leased aircraft on the secondary market. Since the last update on 8th July 2024, Ishka recorded ten new aircraft trades. more

13/08/2024

Transactions slow as post-pandemic boom begins to level out

Welcome to Ishka's Transaction Update, a report series looking at essential trends, recent deal flow and key announcements within aviation and aircraft leasing. more

12/08/2024

Phoenix prices debut lessor EETC, Embraer deliveries jump in Q2

Phoenix Aviation Capital (PAC) has priced a debut $242 million lessor EETC, PAC 2024-1. more

09/08/2024

Sale/leaseback update Q3 2024

Ishka's data sheet provides a summary of recent sale/leaseback (SLB) transactions, requests for proposals (RFP), key figures and active bidders. more

08/08/2024

ALC Q2 2024: Boeing strike could slow deliveries, over-ordered airlines will ‘need lessor help’

OEM delays saw Air Lease Corporation (ALC)’s second quarter aircraft deliveries come in at around $600 million below expectations, CEO John Plueger told the lessor’s earnings call on 1st August. more

07/08/2024

On Watch: IAG scraps Air Europa Deal, Rex Airlines enters administration

International Airlines Group (IAG) has withdrawn from its agreement with Globalia to acquire Spanish LCC Air Europa (On Watch) following mounting pressure from the European Commission. more

06/08/2024

AerCap Q2 2024: Why engines are driving mid-life demand, lessor buys 36 of Spirit's A320neo family order

Shortages of new aircraft and a desire to avoid expensive engine overhauls on older assets are driving demand for leased aircraft despite apparent softness in some markets, says AerCap CEO Aengus Kelly. more

05/08/2024

Crestone taps $1bn capital potential, eyes wider range of assets

New Crestone CEO Kevin Milligan tells Ishka that the asset manager has invested the bulk of its $458 million initial fund, but states that the firm has access to $1 billion in equity – for the right deals. more

02/08/2024

Capital Markets Update: United issues EETC, lessors raise $1.4 billion in July

Lessors tracked by Ishka raised just over $1.4 billion in July. more

01/08/2024

Farnborough: Boeing to continue looking at hydrogen, hybrid developments, and more…

Ishka SAVi lists the main takeaways from Boeing’s sustainability briefing and other key future product developments by large engine and aircraft manufacturers announced during Farnborough. more

31/07/2024

SLB: IndiGo’s teaser, TAP’s RFP, TUI shortlists lessors

Several airlines have issued financing RFPs in the last few weeks as carriers try to catch the attention of financiers and lessors before the holiday season starts in earnest for the aviation finance industry. more

30/07/2024

A weak Yen forces JOLCO and JOL returns to creep up

Unlevered returns for aircraft JOL and JOLCOs appear to have increased as a weak yen has forced Japanese investors to charge more for equity when funding aircraft investments. more

29/07/2024

Trading Update: Buyers gravitate to older assets

Mid-life and end-of-life narrowbody aircraft were the most traded type on the secondary market over the past twelve months, with Boeing's 737 NG comprising nearly a quarter of all acquisitions. more

26/07/2024

Farnborough 2024 aircraft orders wrap up

Ishka summarises orders from Farnborough 2024. more

25/07/2024

Trading: Lessors mandate aircraft portfolios

Aircraft trading activity is still continuing into July and August, according to sources who confirm that lessors are in the process of mandating buyers for a number of portfolios that came to market in Q2 2024. more

24/07/2024

Loan Datasheet: Airlines and lessors ramp up financing

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

23/07/2024

Mid-year market update, tight market to continue on OEM production delays

Welcome to the 127th ‘Extra’ supplement to Ishka’s Transaction Economics platform, delivering ‘the Ishka View’ on events that have a bearing on aircraft values and lease rates, and the market dynamics that matter in today’s aviation environment. In this edition, you'll notice a refreshed format that aims to deliver insights more effectively. We are excited to have additional content and features introduced in the upcoming editions, ensuring you stay informed and ahead with the latest updates. more

22/07/2024

Aviation ABS Trading: A benign environment for new issuers?

117 aviation ABS tranches tracked by Ishka traded in the last 90 days, accounting for 464 individual trades. more

19/07/2024

Asset managers Q2 2024 update

Ishka's asset managers datasheet provides a summary of recent news, activity, and metrics of aircraft asset managers in Q2 2024. more

18/07/2024

AIP Capital raises debt as it eyes 737 MAX expansion

AIP Capital is in the process of raising fresh debt, after changing shareholders, as it looks to finance its managed order of incoming 737 MAXs and purchase aircraft on the secondary market. Ishka speaks with AIP Capital's management team. more

17/07/2024

New Aircraft Deliveries: June 2024 - the lead up to Farnborough

Ishka provides updates on Airbus and Boeing delivery volumes and new aircraft orders. more

16/07/2024

SLB returns: The rise of A320neo unlevered returns

Ishka reviews Q2 2024 SLB pricing trends for new tech single-aisle aircraft to examine net present values (NPVs), and unlevered returns (IRRs). more

15/07/2024

Remarketing Watch Data Sheet July 2024

The number of aircraft being remarketed on sites analysed by Ishka has remained largely consistent month-on-month, increasing by one from 331 to 332 aircraft. more

11/07/2024

Ishka Transaction Update - 11th July 2024

Welcome to Ishka's Transaction Update, a report series looking at essential trends, recent deal flow and key announcements within aviation and aircraft leasing. more

10/07/2024

S7 and Aeroflot pursue lessor settlements, Boeing to plead guilty in DOJ deal

Russian airlines are reportedly nearing new settlements with lessors over trapped aircraft, while Boeing is to plead guilty to criminal charges as part of a plea deal with the US DOJ. more

09/07/2024

Aircraft Buyers List July 24: Which aircraft are lessors targeting?

This is the 12th edition of Ishka’s aircraft buyers list, where Ishka summarises a list of potential and active buyers of leased aircraft on the secondary market. Since the last update on 7th June 2024, Ishka recorded six new aircraft trades. more

08/07/2024

Aircraft lessors ‘severely underinsured’ for cyber crime

Many lessors are either “severely underinsured” or “simply not insured” for cyber crime according to London headquartered insurance broker, Consilium. more

05/07/2024