Merx uses debut ABS to help switch to full servicer
Merx Aviation markets inaugural aircraft securitisation backed by 25 narrowbodies. more
24/04/2018
BOC Aviation moves away from floating rate leases
Ishka examines Singapore-based aircraft lessor BOC Aviation's latest results as it undergoes substantial expansion and shifts away from a floating rate business model. more
23/04/2018
Would lease transparency create more liquidity in aviation?
Attendees Ishka’s Investing in Aviation Finance event in London debate transparency. more
20/04/2018
Aviation Schuldschein: NAC repeats issue, no new entrants
Nordic Aviation Capital returns to the Schuldschein market with a $105 million issuance. more
19/04/2018
Appraisers indicate prices firm for current tech narrowbodies
A consensus value of a group of ISTAT certified appraisers, polled by Ishka, reveals A320ceo and 737s are retaining their value despite the increasing number of NEOs and MAXes. more
10/04/2018
The fluctuating fortunes of twin-aisle production rates
Ishka examines the status of the twin-aisle programmes for both Airbus and Boeing. more
15/03/2018
Avation takes $8 million airberlin impairment hit
Impairment is part of the continued fall-out following airberlin’s bankruptcy last year. more
07/03/2018
in Aircraft Asset Profiles , Lessors and Lease Rates , Ishka insights , Premium , Aircraft Finance Market
Boeing and Airbus continue production ramp-up
Healthy year-end results put both plane makers in a strong position to increase production. more
20/02/2018
in Aircraft Asset Profiles , Ishka insights , Premium , Investor Education , Aircraft Finance Market
The great 737 freighter switchover is underway
The converted freighter market has begun transitioning from older classic 737 aircraft, to next generation 737s, but prices remain high. more
14/02/2018
in Aircraft Asset Profiles , Lessors and Lease Rates , Ishka insights , Premium , Aircraft Finance Market
Will the Boeing and Embraer tie up really happen?
A merger makes sense for Boeing but will face strong political headwinds in Brazil. more
08/02/2018
in Aircraft Asset Profiles , Ishka insights , Premium , Aircraft Finance Market
How to make money from an A380 fund…sort of
Ishka analyses the publicly available data for A380 funds to determine what decisions will give investors the best chance of making a healthy return. more
02/02/2018
in Aircraft Asset Profiles , Lessors and Lease Rates , Ishka insights , Premium , Aircraft Finance Market
A380 KG investors face uncertain returns
Depleting liquidity reserves could force Dr Peters to sell parked A380 by March 2019. more
31/01/2018
in Aircraft Asset Profiles , Ishka insights , Investor Education
Turboprop lease rates begin to stabilise
Turboprop lessors are benefiting from a stabilisation in lease rates following a two-year compression caused by lessor competition and increased production of ATRs. more
29/01/2018
in Aircraft Asset Profiles , Lessors and Lease Rates , Ishka insights , Premium
Aircastle’s revenues down despite boisterous trading
Aircastle is poised to own more than 200 aircraft, according to its Q3 2017 results, but Ishka examines why the lessor's revenues from lease rentals appear to have dropped. more
13/12/2017
Parked fleets: Aircraft heading to an exit?
In the first of a regular series Ishka examines the status of the parked (or stored) commercial aircraft inventory. more
12/12/2017
Pilot shortage, what pilot shortage?
Ishka examines whether competition between Ryanair and Norwegian over pilot hires is proof of a pilot shortage, or not. more
09/11/2017
in Aircraft Asset Profiles , Ishka insights , Aircraft Finance Market
Airbus helps C Series to ‘spread its wings’
Airbus has come to the rescue of Bombardier’s foundering C Series programme by taking a 50.01% majority stake in the venture. more
17/10/2017
in Aircraft Asset Profiles , Ishka insights , Premium , News
Are NEO op lease rates matching the MAX?
Ishka research indicates a contraction among single aisle operating lease rates for new aircraft but questions whether A320NEO lease rates have reached parity yet with Boeing MAXs. more
09/10/2017
in Aircraft Asset Profiles , Lessors and Lease Rates , Ishka insights , Aircraft Finance Market
‘Betting the house on the residual’ – Lessor CEOs reflect on weak sale and leaseback market
Lessor CEO’s at ISTAT’s EMEA conference in Edinburgh last week, reflect on a weak sale and lease back market. more
03/10/2017
in Aircraft Asset Profiles , Ishka insights , Aircraft Finance Market
German retail investors express concern over A380s
In a new report Scope identifies how A380 closed- ends funds are trading at a discount as German retail investors ponder the future of the A380. more
21/09/2017
in Aircraft Asset Profiles , Ishka insights , Aircraft Finance Market
Lessors grapple with diminishing A330 CEO demand
Ishka examines the prospects of the versatile twin-aisle aircraft popular with lessors. more
11/08/2017
Lessors test 777-300ER’s secondary market appeal
The first potential ‘wave’ of used 777-300ERs are now coming off their initial 12-year leases. Ishka examines the remarketing challenge and prospects for the popular Boeing twin-aisle aircraft. more
28/07/2017
Korean institutional investors continue aviation spree
South Korea continues to be an abundant source of capital for aviation assets with institutional investors leading the charge. Private aircraft funds in Korea increased fourfold between 2012 and 2016, with further growth expected this year. more
20/05/2017
in Aircraft Asset Profiles , Ishka insights , Investor Education
Airbus and Boeing experience a dip in twin-aisle orders
Ishka examines the state of each of the aircraft programmes across Airbus and Boeing’s product range, focusing on the twin-aisle market. more
18/05/2017
in Aircraft Asset Profiles , Ishka insights , Technical Expertise
David versus Goliath: European regionals face low-cost squeeze
Europe’s regional airlines are facing increasing competition from low-cost carriers (LCCs). Trapped between non-economically viable routes and expanding capacity from LCCs, regional airlines are continuing to lose market share. more
22/02/2017
in Aircraft Asset Profiles , Ishka insights , Premium , Aircraft Finance Market
Low-cost carriers continue to favour the NEO
Ishka examines the order battle between Boeing’s MAX aircraft versus Airbus’s NEO aircraft among low cost carriers. more
19/02/2017
in Aircraft Asset Profiles , Ishka insights , Investor Education
Scope Clauses tie up MRJ and Embraer aircraft programmes
Scope clauses, more than any other factor, will determine how the US regional jet market evolves in the next half decade, with ramifications for OEMs, mainline and regional carriers. more
16/02/2017
in Aircraft Asset Profiles , Ishka insights , Premium , Aircraft Finance Market
Widebody evolution among public lessors
Ishka analyses the portfolio of the public lessors between 2011 and 2016 to understand the evolution of widebody aircraft in their fleets. more
02/02/2017
in Aircraft Asset Profiles , Lessors and Lease Rates , Aviation financings , Ishka insights
Review of Airbus and Boeing single-aisle order conversions in 2016
Ishka looks at all known single-aisle conversions during 2016 for Airbus and Boeing aircraft and discovers that more than half of all order conversions in 2016 were Airbus customers choosing to up-gauge to a larger aircraft. more
20/01/2017
Are twin-engine widebodies a good investment?
In this Insight, Ishka looks at the investment proposition offered by twin-engine, twin-aisle (widebody) aircraft. Ishka lists both the major concerns surrounding these assets as well as the six key drivers that make twin-engined widebody aircraft, potentially, an interesting proposition for investors. more
19/01/2017
in Aircraft Asset Profiles , Ishka insights , Investor Education
Bombardier clambers back: an interview with Colin Bole
Bombardier scored some notable successes with the C Series in 2016. Ishka speaks with Colin Bole, senior vice president, sales and asset management at Bombardier Commercial about how lessors will feature in the aircraft manufacturer’s plans for both the C Series and the Q400. more
16/01/2017
Qatar converts A320neo order to A321neos
Qatar Airways will trade in its 80-aircraft order for A320neos for the A321neo after engine problems on the smaller jet prompted the airline to refuse delivery in 2015. The airline is also considering switching the power plant from the Pratt & Whitney GTF to the CFM LEAP engine. The company said it is closing in on completing the acquisition of a 49% stake in Meridiana. more
09/01/2017
Emirates delays A380 deliveries raises doubt about aircraft
The year-long delivery delay of 12 Airbus A380s by Emirates is casting further doubt on the giant jumbo aircraft program given there are only 126 aircraft remaining on the Airbus order book for the aircraft. The manufacturer originally forecast a demand for 1,200 over two decades. more
09/01/2017
Airbus, Boeing facing beyond-peak market
After failing to meet sales targets last year, both Airbus and Boeing face turbulence this year after failing to achieving targets of one-to-one book-to-bill ratios. Despite IranAir orders, observers say demand is near or past peak. Boeing only achieved about half the new orders net it booked in 2015 at about 470. Airbus net orders reached only about a quarter of 2015 figures at 410. more
09/01/2017
COMAC plans 1Q maiden flight for C919
After low-speed taxi tests were completed on December 28, China’s Commercial Aircraft Corp (COMAC), is planning the first flight of C919 narrow body for the first quarter, about three years later than initially planned. China Eastern is the launch customer for the aircraft, which now has 570 orders from 23 Chinese and foreign carriers. more
09/01/2017
Sukhoi fix to be completed this month
Work is expected to be completed this month on the Sukhoi SuperJet SSJ-100 after excessive metal fatigue forced Sukhoi SuperJet operators to ground the aircraft. Fleet inspection was completed with Sukhoi labeling a tail stabilizer defect as “not a critical situation.” The defect is with the stabilizer attachment points that Interjet said affects about half its fleet. more
09/01/2017
S7, GECAS cut lease deal for E170s
Russia’s S7 Airlines has S7 and GE Capital Aviation Services (GECAS) cut a deal for the lease of 17 Embraer 170s set for delivery in the first half of 2017. The Russian carrier will be the launch customer for the type in the country. more
23/12/2016
in Aircraft Asset Profiles , Lessors and Lease Rates , Airline Profiles
Sukhoi gains EASA approval for SSJ100LR
The European Aviation Safety Agency (EASA) granted European certification for the Sukhoi Superjet SSJ100LR, which is a 50% range increase and takeoff weight over the basic version of the aircraft. Range is now extended an additional 845 nm. more
23/12/2016
C919 LEAP engine certificated
The LEAP-1C engine set to power COMAC’s C919 narrow body aircraft was certificated by both the European Aviation Safety Agency and the US Federal Aviation Administration, paving the way for service entry for the CFM International powered aircraft. more
23/12/2016
United Continental fleet reconsideration could hurt Boeing
The shift in United’s capital expenditures including the indefinite deferral of 61 Boeing 737s as well as other possible changes to the airline’s order book may end up hurting Boeing depending on the size of the ultimate cutback. United has about 200 Boeing aircraft on order the vast majority for the 737 MAX but it is also one of the largest customers for the Dreamliner. The airline has been converting some of its 787 orders to 777-300ERs providing a boost to that program. More concerning is statements that everything is on the table in the fleet reconsideration plans which could signal a shift to Airbus or an increase in the acquisition of used equipment. more
23/12/2016
in Aircraft Asset Profiles , Capital Markets , Aircraft Finance Market
No A380s for Iran Air as Airbus completes deal
Airbus finally turned into pending aircraft deal with Iran Air into a firm order for 100 aircraft with deliveries scheduled for early 2017. The airline has 46 A320 family aircraft along with 37 A300s and 16 A350s on order. more
23/12/2016
Emirates ends 777-200ER ops
After selling its last Boeing 777-200ER aircraft, Emirates ended operations of the type recently. The retirement of the aircraft follows similar moves for its A340-300s and A330-200s. more
22/12/2016
Airlink acquires 11 ERJ 140s
South African Regional Airlink will add 11 Embraer ERJ 140 jets to its fleet, bringing the number of Embraer regional jets the airline operates to 30. more
22/12/2016
UAC eyeing better revenue balance for company
United Aircraft Corp wants a better balance in revenues and expects to increase its commercial sales to 45% through 2035, up from 20% now. Currently, the Russian manufacturer will grow to only 4.5% of the civil market through 2025 and is targeting more independence from government subsidies as part of its 2025-2035 strategic plan as it works to maximize international civil sales. more
21/12/2016
A330neo deliveries delayed
The first A330neo scheduled for launch customer TAP Portugal Airlines will be delayed until March of 2018 from year-end 2017, adding to the list of setbacks experienced by Airbus recently. more
20/12/2016
A380 gets long term backing from Emirates, Rolls-Royce
While many in the industry have been making noises about the end of the Airbus A380, the obituary was written too soon, according to Emirates and Rolls-Royce which recently recommitted to the giant jet citing its ability to serve hot and high-load markets. The move puts to rest threats the order would be cancelled. The airline plans to take delivery of its first RR-powered aircraft on December 16 and continued to the scheduled end of deliveries in 2026. more
11/12/2016
in Aircraft Asset Profiles , Airline Profiles , Capital Markets , Investor Education
ARJ21-700 receives first certification outside China
Civil aviation authorities in the Republic of Congo granted COMAC’s ARJ21-700 a type certificate, the first such regulatory approval outside of China. The government of Congo placed a firm order for three aircraft in 2014. A delivery date has not been set. There are 413 orders from 19 customers for the ARJ21. more
09/12/2016
Korean Airlines expects seven CSeries 300 next year
Seven of the 10 Bombardier CSeries CS300 ordered by Korean Airlines will be delivered to the airline next year, marketing the introduction of the next generation aircraft in Asia. The airline also has 10 purchase rights for the aircraft. more
07/12/2016
Bombardier upgrades performance standards on CS300
After entering service earlier this year, Bombardier has not only increased the specs on the CS100 but is about to do the same with the CSeries 300. The company said it is increasing specs for per seat and trip costs resulting from the fact it is performing 2% better than expected. Both the CS100, launched by Swiss and the CS300, launched by Air Baltic have turned in better-than-expected performance and Bombardier earlier revised book values for the CS100. more
07/12/2016
Bombardier expects Delta-sized order in 2017
Bombardier is working hard to close another 75-aircraft order, which would equal that placed by Delta Air Lines earlier this year. more
07/12/2016
US pilot contracts stymie introduction of Embraer E175-E2
With the ratification of new pilot contracts at US mainline airlines, the prospects for Embraer’s 80-passenger E175-E2 has dimmed and forced Embraer to move back the aircraft’s EIS from 2020 to 2021. The company cited the continued strong interest in the current generation ERJ 175 but it was banking on relaxation of pilot scope clauses. Those clauses currently prevent regional airline partners from operating the aircraft, which exceeds the weight limit because of the heavier PW1700G engines. The contracts, amendable after 2020, also affect the Mitsubishi MRJ. Mainline pilots have been successful not only in maintaining regional airline restrictions but shifting flying back to mainline operations threatening the regional industry. Development of the ERJ 190E2 and 195E2 remain unchanged. more
05/12/2016
in Aircraft Asset Profiles , Airline Profiles , Investor Education
Will Comac manage to steal market share from existing OEMs?
If the goal had been to be a top tier OEM by 2020, then at first glance the odds looked stacked against Chinese manufacturer Comac’s commercial aircraft programmes. Both of Comac’s aircraft programmes are years behind schedule and have sold less well than many rivals. However, state support and the sheer size of the forecasted Chinese aviation market mean that Airbus and Boeing will face real competition in one of their most lucrative aircraft segments, in the not too distant future. more
02/12/2016
Sino Haijing signs MOU for large equity stake in Siam Air
In a deal valued at $43.3 million (CNY300 million), China's Sino Haijing Holdings signed a non-legally-binding Memorandum of Understanding (MOU) for 49% of Siam Air of Thailand. It is acquiring the stake from Splendid Stream. Sino Haijing already has a stake in Bangkok-based Jet Asia Airways. more
30/11/2016
in Market moves , Airlines
The Aviation Finance Festival
Jun 26 - Jun 27, 2018
The InterContinental Hotel, Ireland
Ishka’s epic mid-year gathering in Dublin delivers two, action-packed days of independent, expert analysis on the latest indicators of the airline, finance and value cycles, and their impact on H2 2018 and beyond. More info
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