Ishka insights: indispensable aviation data, analysis and opinion
Show:

AerCap Q3: the double-edged sword of Spirit’s Chapter 11

AerCap adds ex-Spirit Airbus orders to its own book - but also has to contend with rejected aircraft. more

31/10/2025

in Lessors & Asset managers , Airline trends & analysis , OEMs, Cargo & Engines

Lessor insurance premiums to stay flat, but confiscation limits here to stay

Aviation insurance brokers say premium levels for annual hull and liability portfolio renewals are expected to remain broadly flat through 2025, but sources caution that post-Russia confiscation caps are likely to persist. more

29/10/2025

in Lessors & Asset managers , Other

Remarketing Watch: October 2025

There are 270 aircraft being actively remarketed on sites tracked by Ishka in October 2025, a 15% drop compared to October 2024. more

28/10/2025

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

FTAI closes upsized $6bn mid-life aircraft fund

FTAI Aviation Ltd (FTAI) has raised $2 billion in equity commitments for its latest fund – which is now estimated to be the largest aircraft leasing vehicle dedicated to acquiring mid-life, current generation aircraft. more

28/10/2025

in Lessors & Asset managers , OEMs, Cargo & Engines

Transaction Update: Embraer backlog swells with airline and lessor E2 orders

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

27/10/2025

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

Engine Buyers List October 25: Which engines are lessors targeting?

This is the 8th edition of Ishka’s Engine Buyers List, where Ishka profiles some of the most active commercial engine buyers in the secondary market. more

23/10/2025

in Lessors & Asset managers

Briefing: Lessors mull parting out rejected Spirit A320neos

Ishka understands that several lessors are debating whether to overhaul or part out several GTF-powered A320neos set to be rejected by Spirit Airlines as part of its ongoing Chapter 11 bankruptcy. more

21/10/2025

in Lessors & Asset managers , ESG & Regulation , OEMs, Cargo & Engines

Griffin’s $1.245 billion debut aircraft ABS prices

Griffin Global Asset Management (Griffin)’s $1.245 billion aircraft lease ABS, GGAM 2025-1, has priced. more

20/10/2025

in Lessors & Asset managers , Capital Markets

‘Walk before you run’ – are investors ready for a full aircraft ABS cap stack?

One of the big questions from attendees at the Ishka Aviation Investival: North America in New York was the level of investor appetite for subordinated ABS tranches - including the elusive aircraft ABS E note. more

17/10/2025

in Lessors & Asset managers , Capital Markets

TrueNoord makes debut Embraer order, WOLF looks to raise $500mn

Regional aircraft lessor TrueNoord has made its debut direct aircraft order with a firm agreement with Embraer for 20 E195-E2s. New lessor WOLF launches a $500mn equity raise. more

16/10/2025

in Lessors & Asset managers , OEMs, Cargo & Engines

ACIA Aero Leasing CEO Mick Mooney: ‘We are much more than just a distressed ATR buyer’

Aircraft lessor ACIA CEO Mick Mooney tells Ishka the lessor is expanding beyond its roots of acquiring older ATRs and is eying ATR sale/leasebacks. Mooney also talks about ATR freighter conversions and standalone engine leasing amid tightening supply chains. more

15/10/2025

in Lessors & Asset managers

Pratt ups PW1100 maintenance guidance for lessors

Engine manufacturer Pratt & Whitney has increased its maintenance guidance for lessors for the PW1100G-JM - the powerplant behind the A320neo - by more than 30% in October, as well as shortening the advised time on-wing.  more

13/10/2025

in Lessors & Asset managers , OEMs, Cargo & Engines

Setna CEO: 'We'll aim to be near 20 aircraft by the end of 2026'

Setna iO CEO David Chaimovitz tells Ishka the firm is scaling its aircraft-leasing platform, targeting 17–20 aircraft by 2026, while maintaining a self-funded model and expanding its footprint across engine trading and MRO services. more

13/10/2025

in Lessors & Asset managers

Castlelake’s CLAS 2025-3 ABS prices

CLAS 2025-3, the latest aircraft lease ABS transaction from Castlelake – and its third of the year – has priced. more

10/10/2025

in Lessors & Asset managers , Capital Markets

Griffin markets debut ABS master trust with $1.245 billion issuance

Griffin Global Asset Management (Griffin) is marketing its debut aircraft lease ABS, GGAM 2025-1. more

10/10/2025

in Lessors & Asset managers , Capital Markets

Castlelake markets third ABS of the year

CLAS 2025-3 is a $758.56 million triple-tranche aircraft lease ABS with a majority midlife portfolio. more

08/10/2025

in Lessors & Asset managers

Lessors’ unsecured debt costs could be set to jump for 2026 refinancings

Around $21 billion in US dollar-denominated unsecured lessor bonds is due to mature next year, with a weighted average issuance yield of 3.18%. more

08/10/2025

in Lessors & Asset managers , Capital Markets

Aircraft Buyers List October 25: Which aircraft are lessors targeting?

This is the 22nd edition of Ishka’s aircraft buyers list, where Ishka summarises a list of potential and active buyers of leased aircraft on the secondary market. more

07/10/2025

in Lessors & Asset managers

Briefing: Lessors brace themselves for Spirit’s mass aircraft returns

US carrier Spirit Airlines filed a court motion to reject 87 additional aircraft leases, bringing the total number of rejections sought under its Chapter 11 process to more than 100 aircraft as lessors brace to see what the impact will be. more

06/10/2025

in Lessors & Asset managers , Airline trends & analysis

Cap Markets: Lessors raise $2.6 billion in unsecured debt in September, AerCap kicks off October with $1.2 billion note issue

After a muted August for unsecured lessor bond issuance, several key players have returned to the market. more

30/09/2025

in Lessors & Asset managers , Capital Markets

Asset managers Q3 2025 update

Ishka's asset managers datasheet provides a summary of recent news, activity, and metrics of aircraft asset managers in Q3 2025. more

29/09/2025

in Lessors & Asset managers

Modelling latest-tech engines is ‘like going to a casino’

Engine lessors were candid about the difficulty in investing in the latest technology narrowbody aircraft engines, arguing that the lack of information and data surrounding performance, time on wing, maintenance, and residual values made new technology engines especially difficult to model. more

25/09/2025

in Lessors & Asset managers , Other

Ishka Tokyo: JOL/JOLCO market keen on engines, warms to freighters

Delegates at Ishka’s Japan conference signalled strong interest for either JOL or JOLCO transactions involving engines, as the local investor market continues to warm up to the asset class. more

23/09/2025

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

Transaction update: Embraer secures double E195-E2 order, GA Telesis acquires 16-aircraft portfolio

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

22/09/2025

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

Insurers lose London appeal bid, but legal battle over Russian-aircraft claims far from over

Insurers have been blocked from appealing a June 2025 London High Court decision while cases remain ongoing in the US with a “second wave” of operator policy claims expected to be heard next year. more

19/09/2025

in Lessors & Asset managers

Navigator 2025-1 ABS prices favourably

Navigator 2025-1, the third and latest aircraft lease ABS issuance from the Navigator platform, has priced. more

18/09/2025

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

The lessors looking to sell aircraft in H2 2025

Six lessors have confirmed to Ishka that they plan to sell aircraft portfolios in the second half of 2025. more

15/09/2025

in Lessors & Asset managers

Analysis: Lessons from the Air Lease acquisition 

The recent $28.2 billion acquisition of Air Lease Corporation by Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield is one of the most significant recent mergers in the aircraft leasing space. more

12/09/2025

in Lessors & Asset managers

DAE markets $610 million Navigator 2025-1 aircraft lease ABS

The dual tranche issuance is the third from the Navigator JV between DAE and PIMCO, following last year’s Navigator 2024-1 and 2021’s Navigator 2021-1. more

10/09/2025

in Lessors & Asset managers , Capital Markets

GA Telesis Spirit SLB terminated as Spirit returns to Chapter 11

Spirit Airlines' $519 million sale-and-leaseback agreement with GA Telesis has been terminated, according to a bankruptcy court filing. more

08/09/2025

in Lessors & Asset managers , Airline trends & analysis

Air Lease to be acquired by Sumitomo-led group in $28bn transaction

Sumitomo, SMBC Aviation Capital, Apollo and Brookfield have agreed a deal to acquire Air Lease Corporation in an all-cash transaction. more

03/09/2025

in Lessors & Asset managers

Aircraft Buyers List August 25: Which aircraft are lessors targeting?

This is the 21st edition of Ishka’s aircraft buyers list, where Ishka summarises a list of potential and active buyers of leased aircraft on the secondary market. more

01/09/2025

in Lessors & Asset managers

Engine Buyers List August 25: Which engines are lessors targeting?

This is the 7th edition of Ishka’s Engine Buyers List, where Ishka profiles some of the most active commercial engine buyers in the secondary market. more

28/08/2025

in Lessors & Asset managers

Cap Markets: CALC and ICBCIL only lessor debt issuers in August

A typically muted August saw just two lessor unsecured bond issuances for a total of $208 million raised for what was the lowest monthly total to date this year. more

26/08/2025

in Lessors & Asset managers , Airline trends & analysis , Capital Markets

Q&A: Hanwha Aviation expands with LEAP engines and MRO

Hanwha Aviation has been active since its inception 14 months ago, acquiring roughly 40 narrowbody engines, including LEAP and GTF, and launching Hanwha AeroTechnix – an FAA, EASA, and UK CAA engine MRO based in Miami. Ishka catches up with Hanwha Aviation’s Chief Investment Officer, Ben Pughe-Morgan, to find out what the next 12 months might look like. more

25/08/2025

in Lessors & Asset managers , OEMs, Cargo & Engines

When will we see more C and E note issuance for aircraft lease ABS?

There has been a noticeable absence of subordinated debt issuance in recent aircraft lease ABS transactions. more

22/08/2025

in Lessors & Asset managers , Capital Markets

Interview: Libra Group’s SLI set to take on new-tech propulsion leasing

Space Leasing International (SLI) CEO Praveen Vetrivel tells Ishka SAVi what has motivated the Libra Group subsidiary to become the first lessor to place a direct order for BETA Technologies’ ALIA CX300 CTOL aircraft. more

20/08/2025

in Lessors & Asset managers , ESG & Regulation

Transaction update: Tariff concerns push countries towards Boeing orders, new debt financing facilities launched

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

18/08/2025

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

Indian tax tribunal ruling offers relief to lessors

The Delhi Bench of India’s Income Tax Appellate Tribunal has ruled in favour of Irish lessors, rejecting the Indian tax authority’s attempt to recharacterise operating leases as finance leases. more

08/08/2025

in Lessors & Asset managers

Lessor unsecured debt issuance bounces back to $2.7 billion in July

Leasing unsecured debt issuance rose to its highest level in four months in July after a muted second quarter. more

07/08/2025

in Lessors & Asset managers , Capital Markets

Air Lease Q2 2025: ‘We still do not view pricing of new aircraft orders to be attractive’

Air Lease indicated that the company has no immediate plans for new aircraft orders during its recent Q2 2025 earnings call with current pricing deemed unattractive. more

06/08/2025

in Lessors & Asset managers

Asset managers survey:  Average unlevered returns contract by around 1 percentage point for older aircraft

A survey of asset managers conducted by Ishka reveal that average unlevered returns for previous tech aircraft assets have contracted further, dropping by 84bps in the last nine months. more

05/08/2025

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

AerCap Q2 2025: Sale-leaseback deals “are beginning to present themselves”

The improving aircraft supply environment is beginning to open the sale-leaseback channel for AerCap, CEO Aengus Kelly told the lessor’s Q2 2025 earnings call. more

31/07/2025

in Lessors & Asset managers

Tariff Tracker: Relief for Embraer as aircraft exempted from new 50% Brazil duties

A new executive order, signed by President Trump, exempts aircraft, aircraft parts and their components from the new 50% tariffs being introduced on most Brazilian goods. more

31/07/2025

in Lessors & Asset managers , Airline trends & analysis , OEMs, Cargo & Engines

Tariff Tracker: Embraer left exposed as US-EU strike aviation trade deal

Embraer risks being left isolated in the tariff fallout as the United States and European Union agree on a new trade deal framework that will preserve "zero-for-zero" tariffs for Airbus and Boeing. more

30/07/2025

in Lessors & Asset managers , OEMs, Cargo & Engines

Boeing orders form part of new US tariff deals

Recent tariff deals made by the US administration have seemingly been a boost for Boeing. more

28/07/2025

in Lessors & Asset managers , Airline trends & analysis , OEMs, Cargo & Engines

Have we reached peak pricing for previous-tech engines?

Engine lessor CEOs speaking at Ishka’s Dublin conference argued that values and lease rates for previous generation engines had reached a natural peak. more

23/07/2025

in Lessors & Asset managers , OEMs, Cargo & Engines

Q2 engine prices and lease rates: V2500 lease rates dip, but 5Bs strengthen

Lease rates for V2500-A5 Select engines have broadly dropped in the second quarter of 2025, according to Ishka research, but prices for previous-generation narrowbody aircraft engines (CFM56-5Bs, CFM56-7Bs, and V2500s) have remained stable compared to the previous quarter. more

22/07/2025

in Lessors & Asset managers , OEMs, Cargo & Engines

Will Indian carriers soon be able to access the JOLCO market?

JOLCO arrangers, aviation financiers and lawyers debate whether the implementation of the CTC in India could lead to a first Indian JOLCO. more

21/07/2025

in Lessors & Asset managers , Aviation Banks and Lenders

Pricing: Castlelake’s $614.8 million ABS CLAS 2025-2 

Castlelake’s latest aircraft lease ABS, CLAS 2025-1, has priced, achieving a yield of 5.528% on its class A notes and a yield of 6.387% on its class B notes. more

21/07/2025

in Lessors & Asset managers , Capital Markets