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Remarketing Watch Data Sheet: February 2025

The total number of aircraft being actively remarketed on sites analysed by Ishka remains low at 283. more

27/02/2025

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines

Trading Update: More teasers as lessors ready for ISTAT

Lessors have released several new aircraft portfolios available for sale in what has been a busy start to the year for aircraft traders. more

25/02/2025

in Aircraft values, Lease Rates & Returns , Aviation Banks and Lenders

New airlines and lessor financing and SLB RFPs

Multiple airlines are active in the market with sale/leaseback and finance RFPs, several of which are already being shortlisted for first bids. Ishka summarises recent RFPs and updates from the last 10 days.   more

18/02/2025

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Why Nomura is expanding into aviation lending

Ishka catches up with Keith Allman, Head of US ABS at Nomura to understand the bank's new expansion into ABS and aviation finance. more

12/02/2025

in Aircraft values, Lease Rates & Returns , Aviation Banks and Lenders

Airlines issue more financing and SLB RFPs

Multiple airlines are active in the market with sale/leaseback and finance RFPs, several of which are already being shortlisted for first bids. Airlines are currently shortlisting lessors and banks with several appearing open to hybrid financing solutions. more

08/02/2025

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Airlines issue a flurry of SLBs and finance RFPs

Airlines are starting the year with a bang as several have issued financing RFPs for new aircraft deliveries. Ishka notes that many airlines are asking for finance leases as well as sale/leasebacks. Ishka is still in the process of collecting pricing data, but based on initial conversations there appears to be some upward pressure on lease rate factors. more

04/02/2025

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Aircraft trading: More money but more execution risk for aircraft sellers?

Aircraft sellers welcome the influx of capital in the secondary market but complain about higher execution risk with some buyers walking away from deals. more

02/02/2025

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Lessor parts-out two A320neos due to higher GTF lease rates

Ishka hears that a lessor is set to part out two six-year-old A320neos, due to the elevated lease rates available on the Pratt & Whitney PW1000G engines, making these among the first A320neos to be parted out. more

31/01/2025

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines , Other

Q4 2024 Engine Survey: Prices climb but lease rates stabilise

Narrowbody engine prices continued to see upward pressure across most types in the last three months of 2024, while lease rates continued to stabilise or slightly decline, according to Ishka’s latest engine buyers survey more

24/01/2025

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines , Other

Dublin takeaways: The hunt for metal and returns

An unseasonally warm Dublin saw hundreds from the aviation finance industry gather early this week. Ishka summarises some of the common talking points. more

16/01/2025

in Aircraft values, Lease Rates & Returns , Investor Briefings , Aviation Banks and Lenders

Remarketing Watch Data Sheet: January 2025

The number of aircraft being remarketed on sites analysed by Ishka is around 20% lower than a year ago in January 2024. more

14/01/2025

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines

AerFin CEO: 2025 could be another ‘pinch point’ for aircraft retirements

Simon Goodson, CEO of USM trader AerFin, talks to Ishka about the parts shortage and its wider market ramifications. more

06/01/2025

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines

Asset managers survey H2 2024: Mid-life aircraft returns strengthen

Asset managers surveyed by Ishka state expected unlevered returns have notably dropped for new- tech narrowbodies and strengthened for both current-tech and new-tech widebodies since Ishka’s last survey, conducted in April 2024. more

13/12/2024

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Investor Briefings

Current technology narrowbody prices stabilise - Aircraft Pricing Benchmark Q3 2024

Ishka’s Pricing Benchmark looks at lease rates and prices for eight and 16-year-old A320ceos and 737NGs. more

29/11/2024

in Aircraft values, Lease Rates & Returns

Remarketing Watch Data Sheet: November 2024

The number of aircraft being actively remarketed on sites tracked by Ishka continues to dwindle, and now sits at 307. more

26/11/2024

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines

volofin to return to ABS market in 2025/ WNG shortlists bids

Aviation alt lender volofin anticipates tapping the aircraft loan ABS again in 2025 while aircraft and engine lessor WNG is in the process of evaluating second-round bids for a portfolio of mid-life aircraft and engines. more

25/11/2024

in Aircraft values, Lease Rates & Returns , Capital Markets

Q3 Trading Update: older aircraft and regional jets exchange hands

Pre-2009 aircraft and Embraer regional jets were among the most traded types during Q3, as new tech delivery delays continue. more

19/11/2024

in Aircraft values, Lease Rates & Returns

ALC Q3 2024 – airlines expected to increasingly turn to SLB financing

Air Lease Corporation (ALC) expects sustained high market appetite for sale-leasebacks from airlines with large order books as they take delivery of new aircraft, management told the ALC’s Q3 earnings call on 7th November. more

13/11/2024

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Aircraft values: Mid-life narrowbody values plateau in Q3

Mid-life aircraft values stabilised in Q3 despite continued delays of new aircraft deliveries, with rising operational costs and increased lease premiums forcing airlines to revaluate their current capacity. more

11/11/2024

in Aircraft values, Lease Rates & Returns

The idea that lease rates are untenable for airlines is ‘rubbish’ – AerCap Q3 2024 earnings call

AerCap CEO Aengus Kelly dismissed the idea that lease rates are becoming too high for airlines during the lessor’s recent Q3 earnings call. more

05/11/2024

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Remarketing Watch Data Sheet: October 2024

The number of aircraft being actively remarketed on sites tracked by Ishka has dropped slightly to 316 in October – down from 333 in September. more

29/10/2024

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines

Are current-tech aircraft lease rates actually sustainable?

Conversations around lease rate sustainability from last week's Ishka Aviation Investival: North America. more

23/10/2024

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Airline trends & analysis

ABS C-notes and retirement bow-wave debate - takeaways from Ishka New York

Two key panel session takeaways from Ishka Aviation Investival: North America, which took place in New York on Tuesday 15th October 2024. more

22/10/2024

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Capital Markets , OEMs, Cargo & Engines

PK AirFinance CEO ‘we want to be a serial aircraft loan ABS issuer’

Aviation alt lender Apollo PK AirFinance CEO, Gary Rothschild and President Eelco van de Stadt, talks to Ishka about the process of getting the ratings agencies familiar with the aircraft loan ABS vs lease product, why aircraft e-notes will likely need to evolve, and what the plans are for Perseus Aviation, Apollo’s leasing arm. more

16/10/2024

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Narrowbody SLB purchase prices ‘settle’ in Q3 2024

Lessors surveyed by Ishka expect new sale/leaseback purchase prices to settle within a relatively constrained band for new campaigns. more

09/10/2024

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Cargo Market Update: Boeing 747-8F lease rates increase alongside continued cargo market growth

IATA has recorded eight consecutive months of double-digit growth across the cargo market, stabilising lease rates for widebody freighters amid consistent demand for metal. more

30/09/2024

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines

Remarketing Watch Data Sheet: September 2024

The number of aircraft being actively remarketed on sites tracked by Ishka stays around the 330 mark for the fourth month in a row. more

24/09/2024

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines

New aircraft ABS notes achieve yields below 5.5%

Senior notes for new aircraft ABS deals are scoring yields below 5.5%, as investors warm to the asset class. September saw a flurry of activity as three aircraft lease securitisations and one aircraft loan ABS came to market, all of which have priced in the last 10 days. more

20/09/2024

in Aircraft values, Lease Rates & Returns , Capital Markets

Current-tech aircraft values: Hitting the top of the market?

Current-tech aircraft values have "peaked and plateaued" argue asset managers, something which has been confirmed by Ishka appraisal team, as airlines react to slower revenues. more

20/09/2024

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Quick take: Boeing pulls out of ISTAT EMEA

Aircraft manufacturer Boeing has pulled out of the ISTATA EMEA conference, a trade gathering for aircraft investors and financiers, after the OEM announced it was banning non-essential travel last week in the wake of ongoing strikes to help preserve cash. more

20/09/2024

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines

Aircraft investors shoot for mid-teen returns

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

03/09/2024

in Aircraft values, Lease Rates & Returns , Investor Briefings

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

in Aircraft values, Lease Rates & Returns , Other

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

in Aircraft values, Lease Rates & Returns , Investor Briefings

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

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines

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

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

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

in Aircraft values, Lease Rates & Returns

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

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

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

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

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

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

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

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

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

in Aircraft values, Lease Rates & Returns

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

in Aircraft values, Lease Rates & Returns , Other

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

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines

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

in Aircraft values, Lease Rates & Returns

SLB returns: Unlevered IRR and NPV analysis for regional jets

This data sheet is an illustrative look at pricing trends, net present values (NPVs), and unlevered returns (IRRs) for nine hypothetical sale/leaseback (SLB) transactions informed by rumoured pricing terms of real SLB deals concluded between January to June 2024. more

27/06/2024

in Aircraft values, Lease Rates & Returns

Aircraft Pricing Benchmark: Low OEM output ‘artificially’ ups older 737 NG and A320ceo values and lease rates

Aircraft OEM delays and restricted supply continue to boost values and market lease rates of mid-life and older-generation narrowbodies, according to Ishka’s Aircraft Pricing Benchmark. The research, based on multiple market sources, confirms that prices for mid-life Airbus A320ceo aircraft have been moving upwards since the end of last year. more

26/06/2024

in Aircraft values, Lease Rates & Returns

15-year-old aircraft values, COMAC makes domestic delivery progress, Russian carriers adapt fleet plans

Welcome to the 126th ‘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. more

18/06/2024

in Aircraft values, Lease Rates & Returns

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

This is the 11th 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 1st May 2024, Ishka recorded ten new aircraft trades. more

07/06/2024

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers