Ishka insights: indispensable aviation data, analysis and opinion
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Briefing: MRO turnaround times are improving...slowly

Engine lessor CEOs say that MRO turnaround times for latest technology narrowbody engines are improving but warn that it could be several years before LEAP or GTF powerplants routinely complete a full performance restoration within 120-days. more

13/06/2025

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

North American carriers launch new RFPs, airlines look for ANPI 

Airlines have been actively exploring various financing structures to help fund new deliveries with Ishka understanding several North American carriers have issued RFPs in recent weeks. more

11/06/2025

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

Ryanair signs $500m engine deal as Alaska Airlines delays Embraer order citing "uncertain economic environment"

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

10/06/2025

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

Values review: Boost for midlife narrowbody and regional aircraft CMVs as supply constraints continue

Ishka Advisory’s latest update and review of current market values (CMVs) for key aircraft continues to highlight changing market conditions. more

05/06/2025

in Aircraft values, Lease Rates & Returns

JOLCO investors score win in English court

A judge in the English High Court has ruled in favour of Japanese investors in a dispute with VietJet over four Airbus A320s. more

30/05/2025

in Aircraft values, Lease Rates & Returns , Airline trends & analysis

Tariff fears temper, but don’t deter, a frothy aircraft trading market

Aircraft sellers say trading in the first five months of 2025 has been largely unaffected by tariff threats and announcements from the Trump administration. more

27/05/2025

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

Remarketing Watch Data Sheet: May 2025

The total number of aircraft being actively remarketed on sites analysed by Ishka is around 19% lower than a year ago, at 280. more

22/05/2025

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

An Investor’s Guide to: Special Mission Aircraft

In a guest Insight, Aldo Giovannitti from consultancy, Aernovum Aviation looks at the pricing, opportunity and risks for an alternative aircraft asset often overlooked by many investors – the Special Mission Aircraft market. more

21/05/2025

in Aircraft values, Lease Rates & Returns

Rolls-Royce engines for Boeing to be 'tariff' free, airlines look to take over Chinese Boeing deliveries

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

08/05/2025

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

AerCap Q1 2025: Global tariff war would increase used aircraft values

An escalation and continuation of global tariffs could push up the values of used aircraft as operators turn to less costly forms of lift, AerCap CEO Aengus Kelly noted during the lessor’s Q1 2025 earnings call. more

07/05/2025

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

Quick Take: Two new May RFPs, Airbus signs definitive agreement with supplier Spirit

Ishka reveals two new narrowbody RFPs with submission deadlines set for May. Elsewhere, Spirit AeroSystems Holdings has entered into a definitive agreement with Airbus. more

29/04/2025

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

Remarketing Watch Data Sheet: April 2025

The total number of aircraft being actively remarketed on sites analysed by Ishka remains around 22% lower than a year ago, at 282. more

23/04/2025

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

RFPs: Southwest ‘pauses’ RFP, JOL lease rate factors drop below 0.6

Multiple airlines remain active in the market with both sale/leaseback and financing RFPs. more

08/04/2025

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

Airlines go early with RFPs to target Japanese investors

Airlines and lessors are initiating earlier RFP processes amid intensifying competition among lessors for SLB mandates and between lenders (and some lessors) for financing mandates. more

31/03/2025

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

An investors guide to: Training Aircraft

In a guest Insight, Aldo Giovannitti from consultancy, Aernovum Aviation looks at the pricing, opportunity and risks for an alternative aircraft asset often overlooked by many investors – the training aircraft market. more

27/03/2025

in Aircraft values, Lease Rates & Returns , Other

‘We are in a golden age of SLBs’ - GraySky Aviation CEO chats to Ishka

Stratton Borchers, founder and CEO, of GraySky Aviation chats to Ishka about market gaps, raising capital and potential lessor M&A. more

26/03/2025

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

Aircraft values: Widebody purchase prices show upward trend in Q1

Mid-life widebody values trended upwards in Q1, with 2015 vintage 777-300ERs the most notable increase, climbing into the mid $50 million range. more

20/03/2025

in Aircraft values, Lease Rates & Returns

Lessors expect SLB lease rate factors to marginally strengthen in Q1 2025

Lessors surveyed by Ishka expect sale/leaseback lease rate factors to marginally strengthen in upcoming campaigns, while purchase prices are expected to remain stable more

19/03/2025

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

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