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SMBC to buy Goshawk for $6.7bn but rejects Russian-leased aircraft

Aircraft lessor SMBC Aviation Capital announced it plans to acquire Dublin-based rival Goshawk Aviation which, if regulatory approval is obtained, will make it the second-largest aircraft lessor by number of aircraft. more

17/05/2022

in Lessors and Lease Rates , Aircraft Finance Market

Lease rates for 16-year-old A320ceos down, 737 NGs helped by P2F

Lease rates for 16-year-old Airbus A320ceos continued to see a decline during Q1 2022 amid high availability for the type, according to contributors to Ishka’s Aircraft Pricing Benchmark report. more

11/05/2022

in Aircraft Asset Profiles , Lessors and Lease Rates

ALC Q1 2022: Air Lease writes off $802 million Russian fleet

Air Lease Corporation (ALC) reported a $469 million loss for the quarter after it wrote off $802 million in relation to its owned and managed fleet located in Russia. more

10/05/2022

in Lessors and Lease Rates , Aircraft Finance Market

5-year-old aircraft values, Qantas ramps up orders, lessors make Russian aircraft claims

This is the 74th in 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

09/05/2022

in Lessors and Lease Rates , Aircraft Finance Market

MAX return weakens 737NG premium over A320ceo

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

06/05/2022

in Aircraft Asset Profiles , Lessors and Lease Rates

Lessor orders favour Airbus, Boeing boosted by legacy airlines

Net aircraft orders for the two largest OEMs have begun to recover for the first time since the onset of the pandemic as passenger demand improves and travel restrictions ease. more

04/05/2022

in Lessors and Lease Rates , Aircraft Finance Market

ESG data sheet: Lessors now committed to over 1,225 e-VTOLs

Lessors and asset managers have gone from zero to over 1,225 e-VTOL commitments in under 12 months, marking the incursion of aircraft leasing into a new domain - but their decarbonisation role may be limited. more

29/04/2022

in Lessors and Lease Rates , Aircraft Finance Market

Lessor Bonds Q1 2022: Issuers retreat with USD bonds lowest since 2019

Aircraft lessors tracked by Ishka issued a modest $3.2 billion in unsecured capital markets debt during Q1 2022, a steep decline from Q4 2021. more

27/04/2022

in Lessors and Lease Rates , Capital Markets

NAC finally gets restructuring plan approval

Regional aircraft lessor Nordic Aviation Capital (NAC) is set to emerge from Chapter 11 proceedings in the United States by the end of May after a bankruptcy court approved its restructuring plan on 19th April. more

26/04/2022

in Lessors and Lease Rates

10-year-old aircraft values, EASA ends ‘preighters’, Russia accelerates aircraft production

This is the 73rd in 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

25/04/2022

in Lessors and Lease Rates , Aircraft Finance Market

Asset managers Q1 2022 update

Ishka's asset managers datasheet provides a summary of recent news, activity and metrics of aircraft asset managers in Q1 2022. This datasheet is the third of Ishka’s new asset managers quarterly coverage. more

20/04/2022

in Lessors and Lease Rates

15-year-old aircraft values, AerCap’s $3.5bn insurance claim, OEMs face production rate decisions

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

11/04/2022

in Lessors and Lease Rates , Aircraft Finance Market

AerCap sees ‘timing mismatch’ between $3.5bn Russia claim and looming impairment

AerCap is expecting a “timing mismatch” between an impairment on assets that remain in Russia (and possibly some removed from Russia) and recoveries from related insurance claims worth $3.5 billion. more

01/04/2022

in Lessors and Lease Rates , Aircraft Finance Market

Remarketing Watch: Trapped Russian aircraft costs ‘could take years’ to resolve

Aircraft remarketers talking to Ishka state that the costs associated with leased aircraft trapped in Russia due to Western sanctions following the Russian invasion of Ukraine could take years to resolve. more

29/03/2022

in Lessors and Lease Rates , Aircraft Finance Market

ISTAT Americas 2022: Russia-Ukraine conflict, SLBs, interest rates and ESG

Ishka looks at some of the key discussion topics from the ISTAT Americas 2022 conference last week, including the Russia-Ukraine conflict, a competitive sale/leaseback market, rising interest rates and ESG. more

14/03/2022

in Lessors and Lease Rates , Aircraft Finance Market

Sale/leaseback Q4 2021 & Q1 2022 QTD data sheet

Ishka’s data sheet provides a new quarterly summary of recent sale/leaseback transactions and key metrics. more

11/03/2022

in Lessors and Lease Rates

ISTAT CEO panel: Russia-Ukraine will not diminish potential narrowbody shortage

A panel of CEOs representing some of the world’s largest aircraft lessors tackled some of the industry’s most pressing topics at the ISTAT Americas conference in San Diego. more

09/03/2022

in Lessors and Lease Rates , Aircraft Finance Market

Lessor CEOs: Russia repercussions, interest rate anticipation, freighter curiosity

Ishka reviews some of the key market concerns raised by Aircastle, Air Lease Corporation (ALC), ALAFCO, and Avation in their recent earnings calls. more

08/03/2022

in Lessors and Lease Rates , Aircraft Finance Market

Lease rate ‘lag’ caused by rising rates likely to squeeze lessor returns

Lessor returns could be squeezed in the short-term, confide sources if, as is widely expected, the US Federal Reserve increases interest rates later this month. more

03/03/2022

in Lessors and Lease Rates , Investor Education , Aircraft Finance Market

Chorus to acquire Falko to create second-largest regional aircraft lessor

Publicly-listed Canadian regional aircraft lessor Chorus Aviation Inc. (Chorus) is set to acquire British-based lessor Falko Regional Aircraft Limited (Falko) in an $855 million transaction agreed on 27th February 2022, creating the second-largest regional aircraft lessor by fleet count. more

02/03/2022

in Lessors and Lease Rates , Aircraft Finance Market

Unsecured debt data sheets: Q1 QTD lessor and airline bond issuances

Two lessors issued $2.7 billion in unsecured bonds in the first six weeks of the year, the slowest start to a year in issuances since 2018. Airline issuances QTD are $6 billion. more

25/02/2022

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

ALC Q4 2021: Bullish on widebodies, cautious on small electric aircraft

Air Lease Corporation (ALC) sees “strong momentum” to replace older widebody aircraft with “extremely attractive” new widebody aircraft amid rising fuel costs, but the lessor is more cautious about small electric aircraft following a series of eVTOL lessor orders. more

23/02/2022

in Lessors and Lease Rates , Aircraft Finance Market

JP Lease sues FitzWalter over attempted JOL A350 sale

JP Lease continues to be locked in a legal battle with investment fund and start-up lessor FitzWalter Capital, over the planned sale of two Airbus A350s on lease to Vietnam Airlines via two separate JOLs arranged by JP Lease. more

22/02/2022

in Lessors and Lease Rates , Regulatory and Accounting

Airlines set to issue sale/leaseback RFPs after slow January

Lessors confide that the sale/leaseback (SLB) market is picking up with several request-for-proposals (RFPs) set to be issued this month and throughout Q1, after a “slow January” saw carriers issue relatively few RFPs for financing of new aircraft deliveries. more

17/02/2022

in Lessors and Lease Rates , Aircraft Finance Market

5-Year-Old aircraft values, Qatar undermines Airbus' January order tally

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

14/02/2022

in Aircraft Asset Profiles , Lessors and Lease Rates

Trading update: Lessors hold back MAXs in secondary market trades

The intra-lessor aircraft trading market has bounced back after being disrupted by the pandemic but aircraft lessors appear reluctant to include 737 MAXs in many of the recent portfolios offered for sale. more

12/02/2022

in Lessors and Lease Rates , Aircraft Finance Market

A reminder for Ishka 2021 Deals of the Year Award submissions

A reminder that the submissions deadline for Ishka Deal of the Year Awards submissions is one week away on the 11th February 2022. more

03/02/2022

in Lessors and Lease Rates , Aircraft Finance Market

An aircraft lessor’s unlikely rebirth as an online crypto game

Once a household name in regional aircraft leasing, AeroCentury is now (after an eventful Chapter 11 process) blending into its Silicon Valley tech surroundings under new Chinese investors. more

01/02/2022

in Lessors and Lease Rates , Aircraft Finance Market

Asset managers Q4 2021 update

Ishka's Asset Managers data sheet provides a summary of recent news, activity and metrics of aircraft asset managers in Q4 2021. more

28/01/2022

in Lessors and Lease Rates

Aircraft leasing association ALI launches sector’s first ESG narrative

Trade association Aircraft Leasing Ireland (ALI) launched the sector's first joint ESG narrative last week, a major milestone for an industry that until now had few unified voices at the leadership level. more

24/01/2022

in Lessors and Lease Rates , Aircraft Finance Market

Narrowbody engine lessors plan for 2022 market recovery after Q4 gains

The narrowbody engine leasing market is expecting a sustained recovery in 2022 after promising gains in the second half of last year for both engine lease rates and values. more

20/01/2022

in Aircraft Asset Profiles , Lessors and Lease Rates

Ishka invites 2021 Deals of the Year Award submissions

Ishka is now accepting submissions for its Deal of the Year Awards. The Ishka Deal of the Year Awards celebrate the best closed aircraft finance deals of 2021. more

10/01/2022

in Lessors and Lease Rates , Aircraft Finance Market

Lessor Bonds Q4 2021: AerCap’s behemoth debt raise seals record-breaking year

Aircraft lessors tracked by Ishka issued $25.17 billion in unsecured capital markets debt during the fourth quarter of the year rounding off $52.53 billion raised across 2021 more

06/01/2022

in Lessors and Lease Rates , Capital Markets

Philippine Airlines emerges from Chapter 11, Garuda enters formal restructuring

In this week’s Restructuring Watch report, Ishka provides updates on airlines from Ishka’s Restructuring list and one lessor – Nordic Aviation Capital (NAC). more

05/01/2022

in Lessors and Lease Rates , Airline Profiles

TrueNoord CEO: ‘We are ready’ for any potential NAC aircraft sales

Anne-Bart Tieleman, the CEO of regional aircraft lessor TrueNoord, states that the firm is “well- positioned” to potentially buy any aircraft that may emanate from rival lessor NAC’s restructuring process. more

04/01/2022

in Lessors and Lease Rates , Aircraft Finance Market

ELF CEO: Leased engine demand picks up, but Omicron knocks industry confidence

Engine Lease Finance (ELF) has seen an improvement in engine demand in the past three or four months, but uncertainty sparked by the new Omicron variant is “taking a little bit of the optimism out of that momentum,” says ELF President & CEO Tom Barrett. more

03/01/2022

in Lessors and Lease Rates , Aircraft Finance Market

5-year-old aircraft values, NAC files for Chapter 11, final A380 delivery

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

20/12/2021

in Lessors and Lease Rates , Aircraft Finance Market

Remarketing Watch: Remarketers warn of Omicron PBH extensions

Remarketers warn some airlines might seek to extend power-by-the-hour (PBH) rental agreements by a further three or four months to help them deal with uncertainty and reduced cash flows caused by the Omicron coronavirus variant. more

16/12/2021

in Lessors and Lease Rates , Aircraft Finance Market

A220 lease rate factors fall further in latest round of SLB bids

Sale/leaseback lease rate factors for new Airbus A220s delivering to Air France and airBaltic have fallen in the final round of bidding, Ishka understands. more

14/12/2021

in Aircraft Asset Profiles , Lessors and Lease Rates

Lessors look beyond conventional aircraft for ESG investments

Ishka has identified 12 investments by eight aircraft lessors, asset managers, or their parent companies over the past 12 months, with e-VTOLs, hydrogen, and SAF among the targeted activities. more

10/12/2021

in Lessors and Lease Rates , Aircraft Finance Market

ABL CEO discusses $800 million JV, returns and widebody aircraft

Ali Ben Lmadani, CEO of Ireland-based asset manager ABL Aviation, discusses the newly established joint venture (JV) with Ellington Management Group to acquire aircraft on behalf of a larger pool of investors. more

09/12/2021

in Lessors and Lease Rates , Aircraft Finance Market

The outlook for aircraft ABS in 2022

After a remarkable resurgence in the aircraft ABS market this year Ishka offers several predictions for new aircraft ABS issuances in 2022. more

08/12/2021

in Lessors and Lease Rates , Capital Markets

How FTAI plans to corner the CFM56 aftermarket

Thomas Garbaccio FTAI Aviation President & chief commercial officer explains how the aftermarket engine lessor plans to leverage its scale and MRO partnerships to cut costs for customers. more

03/12/2021

in Aircraft Asset Profiles , Lessors and Lease Rates

Influx of lessor conversions compresses 737-800 freighter lease rates

Boeing 737-800 converted freighter lease rates are falling, driven by an increasing number of lessors with P2F 737-800s looking to place the aircraft, sources tell Ishka.. more

30/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

Unsecured debt data sheets: Q4 QTD lessor and airline bond issuances

Lessors have issued nearly $3.5 billion in unsecured debt in the first six weeks of the fourth quarter in addition to AerCap’s record $21 billion issuances. Airline issuances QTD are $5.36 billion. more

24/11/2021

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

ISTAT Americas: Lessor CEOs react to low SLB LRF rumours, warn of potential 2024 NB shortage

Lessor CEOs expressed “confidence” in current-tech single-aisle aircraft retaining value at the ISTAT Americas conference in Austin earlier this week. Ishka provides a summary of the key talking points. more

18/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

Lessor CEOs: Narrowbodies lead lease rate recovery

Ishka reviews some of the key market concerns raised by AerCap, Aircastle and Air Lease Corporation (ALC) in their recent earnings calls, including rent deferral requests, aircraft values and lease rates and the secondary market. more

15/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

AerCap Q3 2021: Profit, lease rate recovery in last pre-merger quarter

AerCap ended its last pre-GECAS merger quarter with some of its strongest results to date, including $434 million of net income. more

12/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

ALC Q3 2021: Plueger claims ‘lease rates rising for new aircraft types’

ALC CEO John Plueger stated in the lessor’s Q3 2021 earnings call that single-aisle lease rates are “rising” due to “strong” demand for narrowbody aircraft and a lack of supply. The lessor chief stated demand is particularly high for Airbus A320neos and A321neos, with lease rates “above pre-pandemic levels.” more

08/11/2021

in Lessors and Lease Rates , Aircraft Finance Market