Ishka insights: indispensable aviation data, analysis and opinion
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Quick Take: Two new May RFPs, Airbus signs definitive agreement with supplier Spirit

Ishka reveals two new narrowbody RFPs with submission deadlines set for May. Elsewhere, Spirit AeroSystems Holdings has entered into a definitive agreement with Airbus. more

29/04/2025

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

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

This is the 19th 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

24/04/2025

in Lessors & Asset managers

Phoenix Aviation Capital's $300 million PDP financing facility, Chinese-US trade war escalates

Lessor Phoenix Aviation Capital (Phoenix) has agreed a PDP financing facility of up to $300 million with AIP Capital, to be used for Phoenix’s order book of 30 Boeing 737 MAX 8s. more

17/04/2025

in Lessors & Asset managers , Other

Lessors on alert as Indian tax authority targets leases

Aircraft lessors have been warned that they could be exposed to a $80 million tax bill from the Indian authorities relating to aircraft leases for several Indian airlines including IndiGo. more

14/04/2025

in Lessors & Asset managers

Fund watch: Aircraft asset managers ACS and Castlelake close new funds

Aero Capital Solutions (ACS) announced the closing of its fourth fund last week, ending with total equity commitments of $936 million. more

10/04/2025

in Lessors & Asset managers

Korean Air confirms order for 40 widebodies, BOC Aviation strikes major deals with Boeing and Airbus

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

09/04/2025

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

The Signal from the Noise – ‘Liberation Day’

In a guest Insight, PwC’s Ron Doyle and Mark Brennan unpick what impact US tariffs will have for aviation. more

08/04/2025

in Lessors & Asset managers , Investor Briefings

RFPs: Southwest ‘pauses’ RFP, JOLCO lease rate factors drop below 0.6

Multiple airlines remain active in the market with both sale/leaseback and financing RFPs. more

08/04/2025

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

Aircraft ABS investors warm to new waterfalls but might need higher spreads

Investors in senior tranches are welcoming some of the recent structural changes to recent aviation ABS deals, but spreads may have to rise to accommodate investors in new deals, warned speakers last week at Ishka’s Investing in Aviation Finance: Europe. more

02/04/2025

in Lessors & Asset managers , Capital Markets

Lessors book new aircraft orders and raise debt

BOC Aviation has ordered 70 Airbus A320neo family aircraft, along with 50 Boeing 737-8 aircraft. more

01/04/2025

in Lessors & Asset managers , Capital Markets , OEMs, Cargo & Engines

Airlines go early with RFPs to target Japanese investors

Airlines and lessors are initiating earlier RFP processes amid intensifying competition among lessors for SLB mandates and between lenders (and some lessors) for financing mandates. more

31/03/2025

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

Age is just a number: Why older A320ceo leases rates are converging

Ishka looks to see why age is becoming less important when airlines are sourcing narrowbody capacity. more

28/03/2025

in Lessors & Asset managers , Airline trends & analysis

‘We are in a golden age of SLBs’ - GraySky Aviation CEO chats to Ishka

Stratton Borchers, founder and CEO, of GraySky Aviation chats to Ishka about market gaps, raising capital and potential lessor M&A. more

26/03/2025

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

Lessors expect SLB lease rate factors to marginally strengthen in Q1 2025

Lessors surveyed by Ishka expect sale/leaseback lease rate factors to marginally strengthen in upcoming campaigns, while purchase prices are expected to remain stable more

19/03/2025

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

More aviation ABS promised but will tariffs disrupt promised pipeline?

After a rapid succession of commercial aircraft ABS came to market in the first few months of the year, issuance announcements have slowed. more

18/03/2025

in Lessors & Asset managers , Capital Markets

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

This is the 4th edition of Ishka’s Engine Buyers List, where Ishka summarises a list of some of the most active commercial engine buyers in the secondary market. more

13/03/2025

in Lessors & Asset managers

“Financial insanity” – is OEM escalation deterring new lessor aircraft orders?

Uncapped OEM escalation costs are deterring some lessors from placing new aircraft orders, according to leasing executives speaking at last week’s ISTAT conference in Phoenix. more

12/03/2025

in Lessors & Asset managers , OEMs, Cargo & Engines

Lessors team to buy A330 portfolio, JSA orders 50 Airbus narrowbodies

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

11/03/2025

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

Capital Markets Update: Lessors raise $426 million in unsecured debt in February

Lessors raised approximately $426 million in unsecured capital markets debt in February. more

10/03/2025

in Lessors & Asset managers , Capital Markets

AerCap Q4 2024: CFM LEAP orders, more share buybacks, and insurance proceeds

Ishka takes a look at AerCap's Q4 2024 earnings call and results. more

07/03/2025

in Lessors & Asset managers

Lessors warn US tariffs could impact aircraft prices

A panel of aircraft lessor CEOs at ISTAT Americas this week discussed how the inflationary impact of new US tariffs could ultimately increase the cost of new aircraft. more

05/03/2025

in Lessors & Asset managers , Airline trends & analysis

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

This is the 18th 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

26/02/2025

in Lessors & Asset managers

Update: New Gilead and Altavair ABS issuances price

Two recently marketed aircraft lease ABS issuances from Gilead (the Pimco-AerCap JV) and Altavair have now priced. more

21/02/2025

in Lessors & Asset managers , Capital Markets

ALC Q4 2024: Lessor sees ‘reduced’ financing needs for 2025 deliveries

Air Lease Corporation expects to largely self-fund its OEM deliveries in 2025 through operating cash flow and aircraft sales proceeds, the lessor shared during its recent Q4 2024 earnings call. more

20/02/2025

in Lessors & Asset managers

New airlines and lessor financing and SLB RFPs

Multiple airlines are active in the market with sale/leaseback and finance RFPs, several of which are already being shortlisted for first bids. Ishka summarises recent RFPs and updates from the last 10 days.   more

18/02/2025

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

Southwest and BBAM close major sale/leaseback for 36 B737-800s, JSA strikes deal with Cebu Pacific

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

17/02/2025

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

Altavair markets debut $582.88 million aircraft lease ABS issuance

Altavair is in the market with its debut $582.88 million aircraft lease ABS issuance, ALTDE 2025-1. more

14/02/2025

in Lessors & Asset managers , Capital Markets

Air Senegal’s leasing dispute and TunisAir’s uncertain future

Two struggling African flag carriers are struggling to survive amid mounting levels of debt. As Air Senegal deals with a lease controversy that has grounded four of its planes, TunisAir is proceeding with its restructuring plan in the face of leadership changes and funding dilemmas. more

13/02/2025

in Lessors & Asset managers , Airline trends & analysis

Trading Update: Aircraft traders release new portfolio teasers

Aircraft lessors have released several new portfolios of leased aircraft available for sale in January and February. more

11/02/2025

in Lessors & Asset managers

Update: Castlelake's CLAS 2025-1 prices

Castlelake’s recent $819.75 million CLAS 2025-1 aircraft lease ABS has priced with yields of 5.85% and 6.5% on its series A and B notes respectively. more

10/02/2025

in Lessors & Asset managers , Capital Markets

Gilead markets $600 million aircraft lease ABS GHOST 2025-1

Gilead, the Pimco-AerCap JV, is in the market with a $600 million aircraft lease ABS. more

10/02/2025

in Lessors & Asset managers , Capital Markets

Airlines issue more financing and SLB RFPs

Multiple airlines are active in the market with sale/leaseback and finance RFPs, several of which are already being shortlisted for first bids. Airlines are currently shortlisting lessors and banks with several appearing open to hybrid financing solutions. more

08/02/2025

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

Castlelake markets $819.75 million CLAS 2025-1 ABS

US fund manager and leasing firm Castlelake, L.P. is in the market with an $819.75 million aircraft lease ABS, Castlelake Aircraft Structured Trust 2025-1. more

05/02/2025

in Lessors & Asset managers , Capital Markets

Airlines issue a flurry of SLBs and finance RFPs

Airlines are starting the year with a bang as several have issued financing RFPs for new aircraft deliveries. Ishka notes that many airlines are asking for finance leases as well as sale/leasebacks. Ishka is still in the process of collecting pricing data, but based on initial conversations there appears to be some upward pressure on lease rate factors. more

04/02/2025

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

Aircraft trading: More money but more execution risk for aircraft sellers?

Aircraft sellers welcome the influx of capital in the secondary market but complain about higher execution risk with some buyers walking away from deals. more

02/02/2025

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

DAE and Genesis seal aircraft deals, Boeing's $11.83 billion net loss

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

28/01/2025

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

Carlyle markets $518.3 million AASET 2025-1 ABS

Carlyle Aviation Partners is back in the market with the first commercial aircraft ABS of 2025, the $518.3 million AASET 2025-1. more

27/01/2025

in Lessors & Asset managers , Capital Markets

FTAI Aviation sees stock drop after short seller accusations

FTAI Aviation stock has begun to recover slightly after a dramatic drop last week, which followed allegations of misleading financial reporting by an online research firm. more

23/01/2025

in Lessors & Asset managers

‘We never set out to be the biggest lessor in our space' – Falko CCO Mark Hughes

Falko’s Chief Commercial Officer Mark Hughes talks to Ishka about the firm’s new owners, its strategy, and how it became a leader in the small aircraft space. more

21/01/2025

in Lessors & Asset managers

Ishka extends its Deal of the Year Awards submission deadline

After several requests, Ishka is extending the deadline for Deal of the Year Awards submissions to 21st of February 2025. The awards will be handed out at the Ishka Aviation Finance Festival in Dublin on the 20th of May. more

21/01/2025

in Lessors & Asset managers , ESG & Regulation , Other , Aviation Banks and Lenders

Transaction Update: SLBs, acquisitions, and orders kick off the year

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

13/01/2025

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

Lessors tap bond markets for $24 billion in 2024

AerCap was again the big bond issuer of the year in 2024, with $4.65 billion raised on the unsecured bond market. more

10/01/2025

in Lessors & Asset managers , Capital Markets

The lessors looking to sell aircraft in 2025/ BBAM agrees 36 aircraft SLB

Ishka can reveal at least six aircraft lessors plan to sell a portfolio of aircraft during the first half of 2025. This insight emerged from December’s aircraft buyers survey, where Ishka asked lessors about their sales plans for the coming period. more

08/01/2025

in Lessors & Asset managers

Does the proposed sale of NAC to DAE signal more lessor consolidation?

On Tuesday, Dubai Aerospace Enterprise (DAE) announced it had signed a definitive agreement to acquire 100% of rival leasing firm, Nordic Aviation Capital (NAC). Prior to its restructuring NAC was the world’s largest regional aircraft lessor but the firm has since been transitioning to narrowbodies. more

07/01/2025

in Lessors & Asset managers

Reminder: Ishka deals of the year submissions open!

Ishka is now accepting submissions for its Deal of the Year Awards. The Ishka Deal of the Year Awards celebrate the best-closed aircraft financings of 2024. more

03/01/2025

in Lessors & Asset managers , Aviation Banks and Lenders

Aircraft Buyers List December 24: Which aircraft are lessors targeting?

This is the 17th 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

31/12/2024

in Lessors & Asset managers

Quick Takes: Things you might have missed

Ishka takes a quick look at some things you might have missed over the last two weeks. more

30/12/2024

in Lessors & Asset managers , Airline trends & analysis

Engine Buyers List December 24: Which engines are lessors targeting?

This is the 3rd edition of Ishka’s Engine Buyers List, where Ishka summarises a list of some of the most active commercial engine buyers in the secondary market. more

20/12/2024

in Lessors & Asset managers

Spirit - GA Telesis A320 sale approved, Spirit's Chap 11 plan gets court approval, Pegasus Airlines' bumper 737-10 order

The court overseeing Spirit Airlines’ Chapter 11 bankruptcy has approved the sale of the remaining 18 aircraft of the 23-strong A320 family transaction with GA Telesis. more

19/12/2024

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