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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Aircraft OEMs 20-year outlooks: How do they differ?

Ishka reviews year-on-year changes to the outlooks of Airbus, Boeing and COMAC. more

11/10/2019

in Aircraft Asset Profiles , Investor Education , Modelling and Forecasting

Fund watch: KGAL considers two new aviation investment products

KGAL considers continuing its core investment product series as DAE wins a $1.4 billion hedge fund mandate. more

10/10/2019

in Aircraft Finance Market

Carlyle scores tight pricing for AASET 2019-2

Carlyle Aviation Holdings Limited (Carlyle) has priced a $540.4 million aircraft securitisation, AASET 2019-2 Trust (AASET 2019‑2) split between three classes of notes. more

09/10/2019

in Capital Markets , Aircraft Finance Market

A220 lease rates shrink as premiums evaporate

Lease rates for the A220-300 have shrunk as arguments against its tradability weaken and lessor competition intensifies. more

08/10/2019

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

COMAC wins in the Airbus-Boeing WTO dispute

Burgeoning aircraft manufacturers like COMAC are reaping the rewards of the Boeing-Airbus World Trade Organisation (WTO) dispute. more

07/10/2019

in Regulatory and Accounting , Aircraft Finance Market

Airline bonds Q3 2019: $7.1bn raised amid shrinking maturities

Airlines around the world raised $7.1 billion through 47 unsecured bond issuances in Q3 2019. more

04/10/2019

in Airline Profiles , Capital Markets

Aviation struggles to control the climate crisis narrative

Public fallout from the climate crisis represents an “existential” threat to aviation, said panellists at this year’s ISTAT Berlin. more

03/10/2019

in Regulatory and Accounting , Aircraft Finance Market

Repo frenzy: Four airlines down, six on watch

Four airlines ceased operations in the past two weeks tentatively leaving 74 leased aircraft without an operator. more

01/10/2019

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

ISTAT: Lessors wary of further airline bankruptcies

Ishka summarises some takeaways from the ISTAT EMEA conference. more

30/09/2019

in Airline Profiles

ISTAT Lessor CEOs: ‘Sun is setting’ on end of line widebodies

Ishka summarises the key talking points from the year’s ISTAT lessor CEO panel. more

27/09/2019

in Lessors and Lease Rates

ISTAT: Lessors’ unease about future return of the MAX

The few leases agreed since the grounding paint a negative picture for near-term 737 MAX lease rates. more

26/09/2019

in Lessors and Lease Rates

A380 funds face grim prospect of Emirates retirements

Emirates’ announcement that it may start retiring leased A380s at rental expiry could dash hopes for lease extensions into the 2030s. more

24/09/2019

in Aircraft Asset Profiles , Lessors and Lease Rates

Lessors move to repossess bankrupt Thomas Cook aircraft

178-year-old Thomas Cook has collapsed, leaving lessors to repossess its 55 leased A320s, A321s and A330s. more

23/09/2019

in Airline Profiles

A busy summer for aircraft portfolio trades

Historically, aircraft trading slows down during the summer months but leasing firms confirm that there has been a surprisingly high number of transactions during July and August. more

20/09/2019

in Lessors and Lease Rates , Aircraft Finance Market

JOL investors brace for lower returns

Return expectations for both JOL and JOLCO investors have shrunk by around 1.5% over the past year, leading newer investors down the credit curve. more

19/09/2019

in Aircraft Finance Market

How has the A220 been financed so far?

Financier appetite for (and comfort with) the A220 has been growing steadily since its 2016 introduction. more

17/09/2019

in Aircraft Asset Profiles , Lessors and Lease Rates

M&A: PacLife sells ACG to Tokyo Century Leasing

Pacific Life Insurance Company (PacLife) has agreed to sell its remaining shares in Californian aircraft lessor Aviation Capital Group’s (ACG) to Tokyo Century Corporation in a deal worth approximately $3 billion. more

16/09/2019

in Aircraft Asset Profiles , Lessors and Lease Rates

Could the A220 become the third ‘liquid’ narrowbody?

A year after being acquired by Airbus the A220, née Bombardier CSeries, has racked up a series of new orders and a growing numbers of prospects. more

13/09/2019

in Aircraft Asset Profiles , Modelling and Forecasting

Avation sees pick-up in turboprop demand

Emboldened by its strong quarterly results and buoyed by optimistic forecasts, Avation says it plans to aggressively grow the fleet by adding narrowbody and turboprop aircraft. more

12/09/2019

in Lessors and Lease Rates , Aircraft Finance Market

Fed cut helps United price record EETC

United Airlines (United) has broken its own record to price the tightest coupon to date for its recent enhanced equipment trust certificate (EETC) transaction. more

10/09/2019

in Capital Markets , Aircraft Finance Market

Aengus Kelly: AerCap portfolio strategy “sticking to true north”

AerCap chief Aengus Kelly says the lessor is sticking to its policy of disposing older aircraft and chasing new-technology assets. more

09/09/2019

in Lessors and Lease Rates , Aircraft Finance Market

Late-life NG airframe values jump on the back of MAX grounding

Part out companies claim the MAX grounding has boosted late life NG airframe values. more

06/09/2019

in Aircraft Asset Profiles

FLY boasts bumper Q2 quarterly results

FLY Leasing reported a vast improvement in financial and fleet metrics in Q2 2019 as it continues to reap benefits from successfully absorbing the massive AirAsia portfolio, originally acquired in 2018. more

03/09/2019

in Lessors and Lease Rates

Aigle Azur files for bankruptcy after failed leadership coup

French airline Aigle Azur filed for bankruptcy on 2nd September and entered judicial receivership following months of difficulties. more

02/09/2019

in Lessors and Lease Rates , Airline Profiles

The unsustainably low level of aircraft retirements

Ishka examines the depressed level of aircraft retirements. more

30/08/2019

in Lessors and Lease Rates , Modelling and Forecasting

A380 retirement horizon: What’s coming?

More airlines have announced broad projected retirement dates for the A380. more

29/08/2019

in Aircraft Asset Profiles , Airline Profiles

Lessor CEOs: MAX continues to boost narrowbody lease rates

The MAX grounding and its lift to narrowbody lease rates dominated lessors’ earnings calls in 2019 Q2. more

28/08/2019

in Lessors and Lease Rates , Aircraft Finance Market

Macro headwinds to challenge weaker carriers

Ishka examines some of the recent macro trends that might affect the airline industry and some airlines most exposed to these trends. more

27/08/2019

in Airline Profiles

Falko closes $650 million regional aircraft fund

Regional lessor Falko has closed its second aircraft equity fund at $650 million, away from what it describes as a "crowded" Airbus and Boeing market. more

23/08/2019

in Lessors and Lease Rates , Aircraft Finance Market

An airline CEO’s perspective: How to survive the lessor’s pitch

Capt. Suren Ratwatte, the former CEO of SriLankan Airlines, offers advice for negotiating the lease of a new aircraft. more

21/08/2019

in Lessors and Lease Rates , Airline Profiles , Investor Education

A321neo delivery delays worsening in 2019

Airbus A321neo delivery delays have worsened in 2019 despite the OEM’s efforts to ramp up production. more

20/08/2019

in Aircraft Asset Profiles , Modelling and Forecasting

Shallow midlife 777-300ER market sees lease rates compress further

Ishka surveys lessors for current lease rates and sale prices for midlife 777-300ER. more

19/08/2019

in Aircraft Asset Profiles

What are the tax implications of GATS?

GATS aspires to make the use of trusts in aviation widespread, but how will uptake of trusts impact lessor and airline tax analysis? more

16/08/2019

in Aircraft Finance Market

ALC rejigs future fleet mix even as OEM problems linger

ALC's ambitious plans for doubling its fleet over five years are bearing fruit but its strategic targeting of 737 MAX is proving problematic. more

15/08/2019

in Lessors and Lease Rates , Aircraft Finance Market

Lessor takes aircraft from HNA-tied Aigle Azur

French carrier Aigle Azur raised eyebrows last week after confirming one lessor “took back” an A320 under “deceptive means.” more

13/08/2019

in Lessors and Lease Rates , Airline Profiles

Aircastle Q2: Strained results flag risk of betting on emerging markets

Aircastle's disappointing Q2 results highlight the risk of over-exposure to emerging markets after the bankruptcies of Jet and Avianca Brazil. more

12/08/2019

in Lessors and Lease Rates

Aircraft funds should be wary as courts rule against ‘tax treaty shopping’

In a guest Insight, PwC Ireland examines the increasing judicial scrutiny towards treaty-based tax planning and what it may mean for aircraft lessors and investors. more

09/08/2019

in Regulatory and Accounting , Aircraft Finance Market

Q2 update: Top MAX airlines reveal grounding impact

Ishka examines the Q2 announcements of nine airlines affected by the MAX grounding. more

08/08/2019

in Aircraft Asset Profiles , Airline Profiles

Ishka’s take on Boeing’s MAX crisis five months on

Ishka reviews Boeing’s efforts to return the 737 MAX to service five months after its grounding. more

06/08/2019

in Aircraft Asset Profiles , Investor Education

Cargo lessors: Boeing will have to offer discounts on extra 777 freighters

Boeing will have to offer discounts on extra 777Fs built to plug the production gap caused by the 777X delay, say cargo lessors speaking to Ishka - but is there a market for them? more

01/08/2019

in Aircraft Asset Profiles , Home

Fund watch: SMBC AC fund picks up investors, Investec loses aviation head

SMBC Aviation Capital has launched a new closed-ended equity aviation fund of 17 Japanese institutional investors. more

30/07/2019

in Investor Education , Aircraft Finance Market

Remarketers confirm plummeting mid-life A330 lease rates

More mid-life A330 are being stored while values and lease rates appear to be compressing. more

29/07/2019

in Aircraft Asset Profiles , Lessors and Lease Rates , Home

ICBC splits 38 aircraft portfolio between separate buyers

Chinese leasing firm ICBC Leasing finalises one of the largest aircraft portfolio sales of recent history. more

26/07/2019

in Lessors and Lease Rates , Aircraft Finance Market

Boeing Q2: No certainty on MAX return to service

Boeing has prepared multiple and divergent plans for the MAX's return to service, betraying the uncertainty that still surrounds the MAX crisis. more

25/07/2019

in Aircraft Asset Profiles , Regulatory and Accounting

In Germany, Spezialfonds timidly rise from KG market ashes

Ishka examines the German closed-end fund market: from the demise of retail KG funds to the slow emergence of Spezialfonds for institutional investors. more

23/07/2019

in Regulatory and Accounting , Aircraft Finance Market

Investor Guide: Ancillary revenues and airline credit risk

In this investor guide, Ishka looks at the growing commercial footprint of ancillary revenues and their relevance to airline credit risk. more

22/07/2019

in Airline Profiles , Investor Education

MAX grounding: Boeing's $8.3 billion blow

Boeing has announced $5.6 billion losses from customer concessions and delays deliveries, along with $2.7 billion from MAX production slowdown. more

19/07/2019

in Aircraft Asset Profiles

“Flight shame” poses long-term risk to aviation

After a decade of growth, 2019 Q1 passenger numbers in Sweden are 4.2% lower than the same period in 2018. Is aviation finance waking up to the long term risk of climate-conscious passengers? more

17/07/2019

in Regulatory and Accounting , Aircraft Finance Market , Home

The Aviation Investival North America

16th - 17 October 2019

The industry’s leading forum for aviation finance professionals and senior decision-makers to meet and engage with North American institutional investors.


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