Ishka Insights: indispensable analysis and opinion

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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


in Aircraft Asset Profiles , Lessors and Lease Rates

Aviation banks retreat to top airlines and say margins have doubled

Aviation banks are still open for business, say financiers, but terms have changed and financing institutions are only supporting existing clients, and key airlines. more


in Aircraft Asset Profiles , Aircraft Finance Market

A year without the MAX

Ishka reviews how lessors and Boeing's stock have been reacting to the continued MAX grounding. more


in Aircraft Asset Profiles

AerCap ends 2019 with surge in sales

AerCap finished Q4 2019 with a surge in aircraft sales, helping it improve key portfolio metrics and boost dividends. more


in Aircraft Asset Profiles , Lessors and Lease Rates

Forecast: 1,001 missing 737 MAXs by year end 2022

Ishka’s head of advisory, Eddy Pieniazek and Dickon Harris explain how the grounding of the 737 MAX grounding, has disrupted aircraft delivery forecasts and aircraft lessors’ plans. more


in Aircraft Asset Profiles , Modelling and Forecasting , Aircraft Finance Market

Will Qatar Airways help Air Italy’s lessors with their aircraft?

Italian carrier Air Italy ceased operations this week, leaving 12 leased aircraft without an operator. more


in Aircraft Asset Profiles , Lessors and Lease Rates

Widebody weakness: Is demand for big aircraft declining?

Ishka looks at capacity trends in the mid-haul and long-haul segments for the past 10 years to see whether widebodies are losing routes to smaller aircraft. more


in Aircraft Asset Profiles , Aircraft Finance Market

Current gen engine rents hold steady thanks to MAX grounding

Lease rates for CFM56-5B4, -7B26 and V2527-A5 engines have held firm on the back of constrained narrowbody lift. more


in Aircraft Asset Profiles

ATR makes the case for green aircraft financing

ATR is the first commercial aircraft OEM to have delivered an aircraft funded by a green loan. more


in Aircraft Asset Profiles , Aircraft Finance Market

Boeing takes $18.6bn MAX beating

The OEM now expects the 737 MAX grounding to cost it $18.6 billion as it looks to offer financial support to airlines and suppliers and eventually begin a possible multi-year catch up to pre-grounding production rates. more


in Aircraft Asset Profiles

Lessors trade South African Airways exposure

Lessors with exposure to South African Airways breathed a small sigh of relief after the struggling flag carrier received 3.5 billion rand ($244 million) in emergency funding this week. more


in Aircraft Asset Profiles , Airline Profiles

777-300ER lease rates hold on the back of 777X delay

Lease rates for midlife 777-300ERs have experienced a very slight decrease according to lessors and remarketers speaking with Ishka, contrary to expectations. more


in Aircraft Asset Profiles

Ishka reviews 2019’s start-up airlines

This Insight rounds up the newest arrivals to the aviation industry, specifically those airlines that either commenced operations or were founded in 2019. more


in Aircraft Asset Profiles , Aircraft Finance Market

Airline bankruptcies compress A330 lease rates even further

An already saturated leasing market for mid-life Airbus A330s has taken a turn for the worse with the addition of 11 A330s from bankrupt airlines. more


in Aircraft Asset Profiles , Aircraft Finance Market

Thomas Cook bankruptcy: 65% of leased aircraft redeployed

Two-thirds of Thomas Cook’s UK and Balearics fleets have been re-marketed to new lessees or transferred to the surviving sister German and Scandinavian units. more


in Aircraft Asset Profiles , Airline Profiles

How the 737 MAX grounding has helped rationalise capacity

The following is an excerpt from Ishka’s VISTA 2020: our new forecast for the year ahead. more


in Aircraft Asset Profiles , Modelling and Forecasting

737 MAX production halted: what are the effects?

Boeing announced late on 16th December that it will temporarily suspend production of the 737 MAX beginning in January. more


in Aircraft Asset Profiles , Modelling and Forecasting , Aircraft Finance Market , Market Move

Future deliveries update: Europe, Africa and Middle East

Ishka provides a guide to aircraft scheduled for delivery to airlines in Europe, Africa and the Middle East over the next 24 months.  more


in Aircraft Asset Profiles , Airline Profiles

Airlines snapping up aircraft bargains left by HNA

New aircraft not taken up by HNA Group subsidiaries are being leased and purchased at discount prices. more


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

Airbus and Boeing fall short on delivery targets

Boeing has clearly had a terrible year thanks to the MAX grounding, but Airbus also faces its own challenges to meet delivery targets. more


in Aircraft Asset Profiles

Transaction Economics

Transaction Economics – Aircraft Values and Trading Data

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Ishka Advisory – Airline Restructuring

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