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Lessor CEOs: Aircraft ABS market could take three to four years to fully recover

A panel of aircraft lessor CEOs at the ISTAT EMEA conference last week predicted that it may take three to four years for the aircraft ABS market to fully return to the record issuance volumes seen in the last five years. more

29/09/2022

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

Lessors raise $12.6bn via JVs and equity funds since 2021

Leasing platforms have raised $12.6 billion through new equity funds and joint ventures (JV) since 2021 based on Ishka’s research of 17 equity fundraising projects. more

29/08/2022

in Lessors & Asset managers

Lessor CEOs: Engine shortages ‘good for us’ as aircraft demand climbs

Ishka reviews some of the key market concerns raised by AerCap, Air Lease Corporation (ALC), Aircastle, Chorus Aviation, and Fortress Transportation and Infrastructure Investors (FTAI Aviation) in their recent earnings calls. more

16/08/2022

in Lessors & Asset managers

AerCap Q2 2022: OEM delays driving up lease rentals

AerCap is seeing an increased demand for lease extensions and higher lease rates as OEM delays constrain the supply of new aircraft, the lessor said during its Q2 2022 earnings call. more

12/08/2022

in Lessors & Asset managers

ALC Q2 2022: ‘Higher pace’ of lease extensions due to interest rate rise

Air Lease Corporation (ALC) is seeing a “higher pace” of lease extensions “well in advance” of lease expirations for both narrowbody and widebody aircraft due to rising interest rates. more

05/08/2022

in Lessors & Asset managers

Asset managers Q2 2022 update

Ishka's asset managers datasheet provides a summary of recent news, activity and metrics of aircraft asset managers in Q2 2022. more

29/07/2022

in Lessors & Asset managers

Higher debt costs cause havoc for secondary aircraft market trades

The Fed raised rates by a further 0.75 percentage points yesterday. Leasing sources say aircraft buyers are walking away from secondary market acquisitions negotiated months in advance as rising financing costs overturn return assumptions. more

27/07/2022

in Lessors & Asset managers

New leasing platforms established since 2020

Ishka notes that 10 new leasing platforms have been established since 2020, including eight during the pandemic, and four in the past two months. more

21/07/2022

in Lessors & Asset managers

Lessor Bonds Q2 2022: Chinese issuers alone in another subdued quarter

Aircraft lessors tracked by Ishka issued a mere $1.45 billion in unsecured capital markets debt during the second quarter of the year, less than half of the $3.2 billion issued during Q1 2022. more

19/07/2022

in Lessors & Asset managers , Capital Markets

The slide in unlevered sale/leaseback returns

Unlevered returns for new-technology aircraft sale/leasebacks have suffered a significant drop from Q1 2021 to Q1 2022, according to Ishka research, after briefly spiking during the pandemic. more

14/07/2022

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Aviation Banks and Lenders

SVPGlobal acquires all of Deucalion, asset manager targets aircraft from restructurings

Asset manager Strategic Value Partners, LLC and its affiliates (SVPGlobal), have announced that funds managed by SVPGlobal have acquired full ownership of London- headquartered aircraft asset manager Deucalion Aviation Limited (Deucalion) from EnTrust Global (EnTrust). more

09/07/2022

in Lessors & Asset managers

Elix Aviation becomes Abelo, targets turboprop growth under new leadership

Ishka speaks to Abelo CEO Stephen Gorman on what Elix Aviation’s merger with veteran management team ADARE Aviation Capital means for Elix’s platform and its investment priorities. more

27/06/2022

in Lessors & Asset managers

5-year-old aircraft values, Air India negotiates Airbus order, NAC completes restructuring

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

20/06/2022

in Lessors & Asset managers , OEMs, Cargo & Engines

Carlyle tests frozen aircraft ABS market as it prices AASET 2022-1

Aircraft lessor Carlyle Aviation Management Limited (Carlyle) has priced a $522.5 million aircraft ABS – the first aircraft ABS to price this year more

15/06/2022

in Lessors and Lease Rates , Capital Markets

Swap costs and missing ABS market slow aircraft trading

Rising interest rate swap costs and an ongoing freeze in the aircraft ABS market are slowing the trading of leased aircraft, say lessors. more

10/06/2022

in Lessors and Lease Rates , Aircraft Finance Market

10-year-old aircraft values, wet leasing picks up, Norwegian recommits to MAXs

This is the 76th 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

06/06/2022

in Lessors and Lease Rates , Aircraft Finance Market

Lessors grapple with shorter lease SLB requests

Ishka understands that three airlines have successfully agreed short sale/leasebacks (SLBs) with a lease length of eight years for new deliveries of new-tech narrowbodies and a turboprop compared to the typical lease term of ten-to-12 years. more

31/05/2022

in Lessors and Lease Rates , Aircraft Finance Market

15-year-old aircraft values, lessor consolidation, IAG firms 737 MAX order

This is the 75th 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

23/05/2022

in Lessors and Lease Rates , Aircraft Finance Market

Aircraft lessors worry insurers won’t cover Chinese risk

Aircraft lessors are concerned that insurers and reinsurers may decline to offer contingency coverage for countries deemed politically risky, including China, following billions of dollars in lodged claims by lessors for aircraft trapped in Russia. more

20/05/2022

in Lessors and Lease Rates , Aircraft Finance Market

AerCap recovery dampened by $2.7 billion Russia impairment costs

AerCap swung to a net loss of $2 billion in the first quarter after registering $2.7 billion in costs relating to the Ukraine Conflict, dampening an otherwise strong quarter propelled by a “positive demand environment.” more

19/05/2022

in Lessors and Lease Rates , Aircraft Finance Market

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