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Older aircraft close in on values “floor,” but younger jet prices could fall further

After suffering a period of value realignment since the onset of the pandemic several 20-year-old aircraft types now appear to be reaching a value “floor” where further discounts are unlikely. more

09/06/2021

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

Are used A330s winning the hearts (and wallets) of airline startups?

A330 investors are fighting back. Last month, 15 firms launched a joint PR campaign to “raise awareness of the unique abilities" of the type in the hope of winning over existing and potential new operators. more

08/06/2021

in Aircraft Asset Profiles , Aircraft Finance Market

Boeing 737 MAX inventory lightens amid spring clearance orders

Airlines and lessors have committed (or recommitted) to buying 258 737 MAX aircraft so far in 2021 possibly including, as Ishka understands, some remarketed white-tail from Boeing’s inventory of 400+ undelivered MAXs. more

27/05/2021

in Aircraft Asset Profiles , Aircraft Finance Market

Briefing: 777-300ER investors ponder tough re-marketing and part-out options

Investors are testing a number of options for used Boeing 777-300ERs as remarketers warn that demand for the large passenger aircraft remains “extremely low” to “non-existent”. more

18/05/2021

in Aircraft Asset Profiles , Aircraft Finance Market

A look at 10-year-old aircraft values, lessor optimism and more SLBs

This is a regular series from Ishka’s ‘Transaction Economics’ service. It delivers ‘the Ishka View’ on events that have a bearing on the near-term performance of aircraft values, lease rates, and the market dynamics that matter under today’s market environment. more

10/05/2021

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

Ishka+ London conference: Expect to see more airline failures and restructurings

More airlines are likely to go bust or enter a formal court-led restructuring process in the next 12 months warned panellists speaking at the Ishka+ Investing in Aviation Finance: Europe conference as airlines continue to suffer depressed revenues due to the Covid-19 pandemic. more

07/05/2021

in Aircraft Asset Profiles , Regulatory and Accounting

B737-800 prices and lease rates pushed down by the MAX

Lease rates for older single-aisle aircraft (eight-year and 16-year-old vintages) have continued to drop since January 2020 – according to Ishka Pricing Benchmark research. more

30/04/2021

in Aircraft Asset Profiles , Lessors and Lease Rates

Aircraft Values: Widebody values continue downward trend

Aircraft current market values (CMV) and market lease rates (MLR) for a mixture of several 10-year-old, five-year-old and new build widebody aircraft types have continued to fall due to overcapacity in the market, according to industry-leading valuations experts speaking at Ishka’s MENA briefing. more

19/04/2021

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

A look at 5-year-old aircraft values, lessor consolidation, AeroCentury files for Chap 11 and more SLBs

This is a series of supplements to Ishka’s ‘Transaction Economics’ service. It delivers ‘the Ishka View’ on events that have a bearing on the near-term performance of aircraft values, lease rates, and the market dynamics that matter, under today’s market environment… more

13/04/2021

in Aircraft Asset Profiles , Aircraft Finance Market

Lawyer up: Commercial aviation court claims rise 50% since the start of Covid

Commercial claims related to aviation at the London Commercial Court are up approximately 50% year-on-year since the start of the Covid-19 pandemic, Ishka's analysis finds. more

08/04/2021

in Aircraft Asset Profiles , Technical Expertise

A look at 10-year-old aircraft values, Cathay discusses deferrals, and slowing OEM deliveries

A regular series from Ishka’s Transaction Economics service. It delivers ‘the Ishka View’ on events that have a bearing on the near-term performance of aircraft values, lease rates, and the market dynamics that matter under today’s market environment. more

31/03/2021

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

Air Mauritius, Doric’s fund and the threat of prolonged airline restructurings

German asset manager Doric has been granted more time by lenders on repayments for one of its funds to help close the sale of an A330 on lease to Air Mauritius, reducing the fund’s potential risk of bankruptcy. more

23/03/2021

in Aircraft Asset Profiles , Airline Profiles

Buyer’s market: PIA gets 128 narrowbody bids for eight-aircraft RFP

Pakistan International Airlines has received 128 leased aircraft offers after putting out a tender for eight dry-leased narrowbodies, highlighting competition between lessors to remarket aircraft. more

17/03/2021

in Aircraft Asset Profiles , Airline Profiles

NAC founder explores takeover as lessor faces new restructuring options

Regional aircraft lessor Nordic Aviation Capital’s (NAC) founder and former chairman Martin Moller is looking at ways to potentially invest in the firm as the company faces a further potential restructuring. more

16/03/2021

in Aircraft Asset Profiles , Lessors and Lease Rates

New aircraft pricing pressure, lessor M&A activity, and lessors' efforts to remarket and sell ex-Norwegian Air aircraft

A regular series from Ishka’s Transaction Economics service. It delivers ‘the Ishka View’ on events that have a bearing on the near-term performance of aircraft values, lease rates, and the market dynamics that matter under today’s market environment. more

15/03/2021

in Aircraft Asset Profiles , Lessors and Lease Rates

A look at 5-year old aircraft values, Airbus’ loss, Chorus’ results and the Mexican 737 auction

A regular series from Ishka’s Transaction Economics service. It delivers ‘the Ishka View’ on events that have a bearing on the near-term performance of aircraft values, lease rates, and the market dynamics that matter under today’s market environment. more

03/03/2021

in Aircraft Asset Profiles , Aircraft Finance Market

Aviation commercial bank lending down for some lenders by 80% last year

A ‘disappearing’ bank-to-bank syndication market will curb new warehouse financings and aviation bank debt. more

17/02/2021

in Aircraft Asset Profiles , Aircraft Finance Market

Airbus deliveries slowdown, 10-year old aircraft values, Aergo buys B737-800

A regular series from Ishka’s ‘Transaction Economics’ service. It delivers ‘the Ishka View’ on events that have a bearing on the near-term performance of aircraft values, lease rates, and the market dynamics that matter, under today’s market environment. more

15/02/2021

in Aircraft Asset Profiles

The Ishka View Extra: The drop in 20-year old aircraft values

Ishka’s unencumbered current markets values (CMVs) for 2000 vintage aircraft have fallen roughly 34% across a sample of 11 common aircraft types since January 2020, and a related dop of 37% in current market lease rates (CMLR). more

07/02/2021

in Aircraft Asset Profiles

Investor watch: Fund managers team with lessors to catch aircraft pricing dip

Several money managers have committed capital to aircraft asset managers this month for new debt and equity opportunities within aircraft leasing – despite the sector continuing to be buffeted by the Covid-19 pandemic. more

18/01/2021

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

Discount deals drive distressed Dash 8 market

Lessors indicate a rise in opportunistic buyers for distressed DHC-8Q-400 assets despite a recent uptick in domestic traffic for some regional aircraft operators.  more

21/12/2020

in Aircraft Asset Profiles

Exclusive: Gol 737 MAX reactivation figures show promising start

Brazilian low-cost airline Gol Linhas Aereas (Gol) has this month chalked up 105 revenue flights operated by Boeing 737 MAX, the world’s first since their March 2019 grounding. more

17/12/2020

in Aircraft Asset Profiles , Airline Profiles

Engine OEMs: Tepid Q3 recovery as deliveries halve

Q3 brought further signs of a nascent recovery for engine OEMs and MRO shops that, nonetheless, could not mask damage brought on by Covid-19. more

04/12/2020

in Aircraft Asset Profiles

Aircraft values: Freighters alone escape the CMV slide

Aircraft values and lease rates continue to trend downwards, according to three appraisers speaking at Ishka’s World Tour. more

06/11/2020

in Aircraft Asset Profiles , Lessors and Lease Rates

Boeing posts decade’s worst Q3 results

Boeing has reported its worst Q3 results this decade. On every metric supplied, Boeing hit either record lows or highs in what CFO Greg Smith described as “the most difficult [moment] in our company’s 100-plus year history.” more

30/10/2020

in Aircraft Asset Profiles , Aircraft Finance Market

Lessors wait for A220 sale/leaseback opportunities

Sources state that increased market risk and capital deployment limitations are likely to result in higher lease rates when new A220 RFPs do eventually come to market. more

28/09/2020

in Aircraft Asset Profiles , Lessors and Lease Rates

High utilisation keeps E175 lease rates buoyant

Strong utilisation by US operators has kept E175 lease rate firm through the pandemic, as activity rates surpass other popular jet types. more

18/09/2020

in Aircraft Asset Profiles

E190s stave off retirement as carriers clinch cheap lease extensions

The Covid-19 pandemic has extended the operating life of many E190 jets, explain regional jet lessors, many of which were facing a “foul” wave of retirements. more

14/09/2020

in Aircraft Asset Profiles

Investor guide: Aircraft storage in the age of Covid-19

In this investor guide Ishka looks at aircraft storage options: how have storage providers adapted, the process of storing an aircraft and the cost and service considerations. more

10/09/2020

in Aircraft Asset Profiles , Investor Education

Covid-19 bailouts: Dubai gives Emirates $2bn, Avianca gets $370m loan

The tally of confirmed bailouts grew by $2.37 billion. Meanwhile, three major airlines in Norway are reportedly due to have a crisis meeting with the Norwegian government next week. more

03/09/2020

in Aircraft Asset Profiles , Aircraft Finance Market

Covid-19 ushers in a nascent 787 and A350 secondary market

Ishka estimates there are up to 22 787s and A350s in the market looking for new operators. more

01/09/2020

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

Operators, investors “jostling” for place in A321 conversion queue

Investors and operators are paying “hundreds of thousands of dollars” to hold a place in the queue for A321 freighter conversion, say cargo sources. more

21/08/2020

in Aircraft Asset Profiles

Boeing cuts output as lessors trim quarter of 737 MAX orders

MAX cancellations have been creeping up at nearly double the monthly 31-aircraft production target. Among those, lessors feature heavily. more

03/08/2020

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

Airbus and Boeing Q2: Lessors lead order activity as OEMs cut output

Lessors “largely [drove]” OEM order activity in Q2 2020, said Airbus CEO Guillaume Faury, as airlines struggling to deal with the impacts of Covid-19 stepped back as buyers. more

31/07/2020

in Aircraft Asset Profiles , Aircraft Finance Market

Covid-19 gives lease of life for sunsetting 757 freighter

Fresh availability of 757 aircraft due to Covid-19 will extend the operational life of its freighter fleet for another two to three years, cargo sources suggest. more

23/07/2020

in Aircraft Asset Profiles

Moderate A330 phase-outs show airlines holding onto the type

Ishka’s review of phase-out, retirement or unscheduled lease return announcements during the Covid-19 crisis shows 50 A330s due for an early exit. more

13/07/2020

in Aircraft Asset Profiles , Airline Profiles

Risk of an oversupply of 737-800 freighters, warn cargo sources

The 737-800 freighter market is at risk of potential oversupply, say cargo sources, as more aircraft lessors and operators are looking at cargo conversion over the next few years. more

25/06/2020

in Aircraft Asset Profiles , Lessors and Lease Rates

ABS update: S&P announces aircraft and engine ABS downgrades

Ratings agency S&P downgraded 23 securities from 30 separate aircraft and aircraft engine ABS transactions last week. Twenty of the lowered ratings remain “On Watch” for potential further downgrade. more

24/06/2020

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

Aircraft Values: Ishka and Oriel issue further cuts, 737 NG premium dries up

Appraisers from Ishka and Oriel recorded further cuts on lease rates and values for some assets types this month, describing aviation as still in a “shocked, survival mode.” more

22/06/2020

in Aircraft Asset Profiles

Airline fleet phase-outs affect up to half of 767s and A340s

A growing number of airlines are trimming their fleets as they reconsider their capacity needs in the wake of the Covid-19 crisis. more

15/06/2020

in Aircraft Asset Profiles , Airline Profiles , Modelling and Forecasting

Lessors warn of potential widebody engine spares glut

Lessors say that airlines seeking to offload engines from parked widebody aircraft during the Covid-19 crisis could create flood of spare engines that will hurt an already soft widebody engine leasing market. more

12/06/2020

in Aircraft Asset Profiles

Negative A380 prospects weigh down closed-end funds

Few aircraft types have been as badly hit by the Covid-19 crisis as the Airbus A380. Four funds containing 18 A380s have seen their share price decline by 54% this year. more

09/06/2020

in Aircraft Asset Profiles , Aircraft Finance Market

Engine OEMs negotiate parts discounts as deliveries drop 84%

Engine sources describe ongoing talks with engine OEMs over parts sales as manufacturers try to counteract plummeting aftermarket demand and deliveries. more

02/06/2020

in Aircraft Asset Profiles

Covid-19 sees “seismic” drop in aftermarket demand

Covid-19 has caused a “seismic” drop in demand for aircraft parts as airlines delay all but necessary maintenance in their efforts to conserve cash. At the same time, an accelerated rate of aircraft retirements risk flooding the parts market, pushing up supply at a time of already low demand. more

25/05/2020

in Aircraft Asset Profiles

Domestic resilience: Which airlines and aircraft stand to benefit?

Commercial air traffic has begun a slow recovery, raising the question of which airlines and aircraft will be best positioned in the new environment. more

18/05/2020

in Aircraft Asset Profiles , Airline Profiles , Modelling and Forecasting

Q1 2020: Airbus and Boeing bleed billions as Covid-19 hits profits

The two airframe giants booked a combined $1.2 billion net loss in Q1 2020 as deliveries and orders dry up. more

30/04/2020

in Aircraft Asset Profiles

OEM slowdown: Boeing and Airbus down to single digit deliveries

In this insight, Ishka examines the bleak production and delivery landscape for Airbus and Boeing. more

28/04/2020

in Aircraft Asset Profiles , Aircraft Finance Market

CDB Aviation's MAX cancellation piles further pressure on Boeing

CDB Aviation Lease Finance (CDB Aviation) has cancelled 29 of its undelivered 737 MAX aircraft order with Boeing and amended the rest of its MAX order, according to last week’s Hong Kong Stock Exchange filing. more

22/04/2020

in Aircraft Asset Profiles , Aircraft Finance Market

Ishka and Oriel cut aircraft values as airlines look to reduce fleets

Appraisers at Oriel and Ishka cut asset values and lease rates in early April across various aircraft types due to the coronavirus crisis and warn that further cuts are likely. more

14/04/2020

in Aircraft Asset Profiles , Lessors and Lease Rates

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