Ishka insights: indispensable aviation data, analysis and opinion
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Dublin Takeaways: ‘No slow down for aircraft trading’, New Year = new platforms

The Insights team highlight some of the current themes from the gathering of airlines and lessors in Dublin last week. more

30/01/2026

in Lessors & Asset managers , Investor Briefings

Trump picks new Fed chair, Falko closes $672 mn facility, five-year-old Boeing aircraft values

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

30/01/2026

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

High Ridge prices $603.2 million aircraft lease ABS with tight spreads

The debut aircraft lease ABS from High Ridge Aviation has priced. more

28/01/2026

in Lessors & Asset managers , Capital Markets

CVC acquires Marathon Asset Management, two new aviation lending platforms announced

This week has seen several significant announcements across both aircraft equity investments and direct lending platforms. more

27/01/2026

in Lessors & Asset managers , Aviation Banks and Lenders

Willis’ CFO Scott Flaherty talks private credit, engine leasing, and aircraft acquisitions

Ishka sits down with Scott Flaherty, Willis’ CFO, to find out more about the lessor's new asset management arm. more

26/01/2026

in Lessors & Asset managers , OEMs, Cargo & Engines

Quick Take: Castlelake reported as a potential buyer for Spirit Airlines

Spirit Airlines is in talks with Castlelake over a potential takeover, first reported by CNBC and later by Reuters, citing insiders. more

26/01/2026

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

Altavair promotes team as KKR ups stake, PwC Ireland and Avolon share 2026 outlooks

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

23/01/2026

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

TrueAero CEO Karl Drusch: “Over the next three years, our goal is to be a net acquirer of over 150 assets”

TrueAero CEO Karl Drusch tells Ishka the lessor aims to become a net acquirer of more than 150 assets over the next three years, outlining its aircraft and engine acquisition priorities and how continued widebody scarcity is reshaping lease economics. more

21/01/2026

in Lessors & Asset managers

‘Yes, no, maybe’: which lessors are looking to sell aircraft portfolios in 2026

Six lessors have confirmed to Ishka that they plan to sell aircraft portfolios in the first half of 2026. more

20/01/2026

in Lessors & Asset managers

High Ridge markets debut $603.2 million aircraft lease ABS

Phantom 2026-1, a $603.2 million aircraft lease securitisation, is a dual-tranche ABS and the second deal to hit the market in 2026. more

20/01/2026

in Lessors & Asset managers , Capital Markets

Perseus prices $680.11 million lease ABS

MAPS 2026-1, the new aircraft lease ABS from Perseus Asset Management has priced more

19/01/2026

in Lessors & Asset managers , Capital Markets

Perseus markets first aircraft lease ABS of the year

Perseus Asset Management (Perseus) is hitting the ABS market early with the first securitisation of the year – a $680.11 million lease ABS. more

15/01/2026

in Lessors & Asset managers , Capital Markets

Transaction Update: Allegiant agrees to buy Sun Country, airframers up production rates, 5-year old A320ceo values

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

15/01/2026

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

Aircraft Buyers List January 26: Which aircraft are lessors targeting?

This is the 23rd 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

14/01/2026

in Lessors & Asset managers

Transaction Update: AerCap's $1.75bn bond issue, Alaska Airlines goes big on Boeing

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

09/01/2026

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

Call for awards submissions

Ishka and Airfinance Global are now accepting submissions for their combined Deal of the Year Awards. The Deal of the Year Awards celebrate the best-closed aircraft financings of 2025. more

09/01/2026

in Lessors & Asset managers , Capital Markets , Aviation Banks and Lenders

Aviation ABS 2025 roundup – and what to expect in 2026

Just over $10 billion in aviation ABS paper was issued in 2025. more

07/01/2026

in Lessors & Asset managers , Capital Markets

Fund Watch: What new aviation equity funds closed in 2025?

Ishka takes a look back at the fund closes announced throughout last year. more

02/01/2026

in Lessors & Asset managers

Shareholders approve Air Lease acquisition, SMBC AC signs 20-strong United 737 MAX 9 SLB

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

18/12/2025

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

Will PIA’s privatisation finally happen? Venezuela & US tensions cool Caribbean demand

Ishka’s Airline Credit Profile team provide a detailed macro and operational breakdown, aimed at risk officers, for some of the key airlines in the headlines... more

17/12/2025

in Lessors & Asset managers , Airline trends & analysis , Aviation Banks and Lenders

Willis locks in pricing for WEST IX engine ABS

The latest aircraft engine ABS from Willis Lease Finance Corporation (WLFC), WEST IX, has priced with tightened spreads compared to the lessor’s previous issuance this year. more

15/12/2025

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

Transactions Update: Azorra sells A330s, AerFin confirms five A320neo part-outs

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

04/12/2025

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

Briefing: The current cost of aircraft novations

Lessors hurry airlines to finish novations in time for end-of-year aircraft trading rush. more

04/12/2025

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

Cap Markets November: Lessors issue $2.25bn in bonds but volumes still lag 2024

Lessors tracked by Ishka raised $2.25 billion in unsecured debt in November, with bonds issued by AviLease, SMBC Aviation Capital, CDB Leasing, and ICBCIL. more

03/12/2025

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

Castlelake talks widebody shortages, engine returns and its 'substantial' aircraft pipeline

Ishka speaks with Joe McConnell, Castlelake’s deputy co-chief investment officer about aircraft acquisitions plans for next year, how its alt lender subsidiary Merit AirFinance is performing and asks if the lessor has any plans for the engine market. more

26/11/2025

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

Older generation NB values hold firm – but cracks emerging

Ishka’s Pricing Benchmark looks at lease rates and prices for eight and 16-year-old A320ceos and 737NGs. more

25/11/2025

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

How rising engine LLP prices are increasing MRO costs

Lessors state that revised LLP escalation rates have increased expected maintenance costs for several common narrowbody engine types. Ishka presents a quick review of current MRO costs. more

20/11/2025

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

Carlyle’s AASET 2025-3 prices

The latest aircraft lease ABS from Carlyle Aviation Partners (Carlyle) has priced, achieving yields of 5.301% on its $526.182 series A notes and 5.801% on its $76.254 million series B notes. more

17/11/2025

in Lessors & Asset managers , Capital Markets

Carlyle markets its third aircraft lease ABS of the year

Carlyle Aviation Partners (Carlyle) is back in the aircraft lease ABS market with its third transaction of the year, AASET 2025-3. more

13/11/2025

in Lessors & Asset managers , Capital Markets

ASG comments on WOLF fundraise, the ACMI market and SmartLynx Latvia’s restructuring

Responding to Ishka, Avia Solutions Group (ASG) addresses the sale and recent restructuring of its former subsidiary SmartLynx Latvia. The firm also commented on the ACMI market and answered questions about the firm’s new Dublin-based leasing platform Waypoint Operating Lease Finance (WOLF), currently in the market for a $500 million capital raise. more

12/11/2025

in Lessors & Asset managers , Other

Q3 Bank Survey: LTVs rise as banks compete on terms to win deals

Risk-adjusted margins on new aircraft loans and warehouse facilities dropped again slightly in the past three months, Ishka research shows, driven by tough competition between lenders looking to win financing mandates. more

06/11/2025

in Lessors & Asset managers , Aviation Banks and Lenders

Cap Markets October: American's $1.1bn EETC, Southwest’s $1.5bn bond, lessors issue $1.85bn of unsecured notes

October was a bumper month for airlines in the Capital Markets with American Airlines marketing a $1.1 billion EETC and Southwest Airlines pricing $1.5 billion in unsecured bonds.  more

04/11/2025

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

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