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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

5-year-old aircraft values, DAE’s results, AerCap completes GECAS purchase

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

07/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

Sale/leaseback Q3 2021 data sheet

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

04/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

GOAL MD Jochen Baltes: ‘A strong sellers’ market… but it will balance’

GOAL Aircraft Leasing MD Jochen Baltes discusses the current "sellers' market" where selling assets "makes total sense", but believes it will balance out. more

03/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

NAC preps second restructuring, Avianca’s Kriete closes in on Sky Airline merger

In this week’s Restructuring Watch report, Ishka provides updates on airlines from Ishka’s Restructuring list and one lessor – Nordic Aviation Capital (NAC). As of this update, Ishka notes 11 airlines have ceased operations and 20 are undergoing formal court-led restructuring processes initiated since the onset of the Covid-19 pandemic. more

29/10/2021

in Lessors and Lease Rates , Airline Profiles

Lessors respond to new autumn sale/leaseback RFPs

Ishka reviews purchase prices and lease rate factors on recent sale/leasebacks. more

27/10/2021

in Lessors and Lease Rates , Aircraft Finance Market

AerCap issues record $21 billion in bonds to fund GECAS acquisition

Dublin-based lessor AerCap on 21st October announced the issuance of a record-breaking $21 billion in unsecured debt, the largest in the history of aircraft leasing. more

22/10/2021

in Lessors and Lease Rates , Capital Markets

Have aircraft values hit rock bottom yet?

The decline in aircraft values has slowed for new-tech liquid narrowbodies, such as the 737 MAX and the A320neo in the last couple of months, notes Ishka’s appraisals team. more

18/10/2021

in Lessors and Lease Rates

Aviation court claims down 50% since April, Doric and DAE file new cases

Claims related to aviation at the London Commercial Court have halved since March 2021 amid the ongoing air travel recovery, with one litigation lawyer saying lessors are now much more willing to negotiate. more

15/10/2021

in Lessors and Lease Rates , Aircraft Finance Market

Lessor Bonds Q3 2021: USD issuances rebound as IG spreads tighten

Aircraft lessors tracked by Ishka issued $8.35 billion in capital markets debt during the third quarter including $7.5 billion in USD issuances, a 21% rebound over second quarter USD issuances helped by tightening spreads. more

13/10/2021

in Lessors and Lease Rates , Capital Markets

ISTAT CEO panel: Slattery slams widebody orders, lessors warn more airlines could fold in SE Asia

From widebody regrets to second-guessing AerCap’s asset disposals, Ishka provides a summary of the key talking points from the lessor CEO panel at the ISTAT EMEA 2021 conference in Edinburgh this week. more

07/10/2021

in Lessors and Lease Rates , Aircraft Finance Market

Castlelake’s new rated lessor set to chase SLBs

New rated lessor brings US asset manager Castlelake closer to being able to raise unsecured debt from the capital markets. more

04/10/2021

in Lessors and Lease Rates , Capital Markets

Altavair CEO ponders boosting widebody engine offering

Asset manager Altavair’s CEO, Steve Rimmer argues additional investment in widebody engines is “key” to its widebody freighter strategy. more

29/09/2021

in Lessors and Lease Rates

Remarketing Watch: Remarketers prep for Autumn repo rise

Aircraft remarketers are expecting an increase in lessor and bank-led repossessions in the second half of the year. more

23/09/2021

in Lessors and Lease Rates , Aircraft Finance Market

Arena CEO discusses growth and why his firm is investing in hydrogen aircraft tech

Amsterdam-based asset manager Arena Aviation Capital (Arena) is seeking to increase its aircraft portfolio from around 70 aircraft to around 100 aircraft. more

21/09/2021

in Lessors and Lease Rates , Aircraft Finance Market

Stratos contemplates second ABS and discusses 100+ aircraft target

Monaco-headquartered asset manager Stratos is seeking to increase its 41-aircraft portfolio to 60 aircraft by the end of 2021, and potentially over 100 aircraft after 18 months via the addition of narrowbodies and a handful of widebodies. more

15/09/2021

in Lessors and Lease Rates , Aircraft Finance Market

AeroCentury, a short-squeeze standout, exits Ch. 11 with Chinese investors

California-based regional aircraft lessor AeroCentury had its proposed Chapter 11 plan approved. In the meantime, Ishka notes the lessor has been attracting unusual interest from amateur investors. more

14/09/2021

in Lessors and Lease Rates , Aircraft Finance Market

Turboprop lessor Elix launches asset management service

Ishka speaks with Elix Aviation COO John Moore about the firm’s expansions plans, as well as values and lease rate trends for turboprops. more

09/09/2021

in Lessors and Lease Rates , Aircraft Finance Market

ATR prices face challenging recovery as market supply increases

ATR prices are being depressed by an increasing supply of aircraft coming into the market from distressed airlines, according to Ishka’s Pricing Benchmark team. more

08/09/2021

in Aircraft Asset Profiles , Lessors and Lease Rates

Philippine Airlines to reject 21 aircraft and set no-minimum PBH after Ch. 11 filing

Philippine Airlines aims to cut 21 aircraft from its fleet and put all remaining operating leases under no-minimum PBH terms after filing a pre-arranged Chapter 11 bankruptcy protection process. more

06/09/2021

in Lessors and Lease Rates , Airline Profiles

Remarketing Watch: Small positive steps as stored aircraft fall by 11%

More aircraft are continuing to come out of storage as airlines react to a slow return in passenger demand, according to Ishka research. more

03/09/2021

in Lessors and Lease Rates , Aircraft Finance Market

Mid-teenage narrowbodies see falling demand

Mid-teenage narrowbodies are continuing to see muted demand by new operators, with the market blaming competitive pricing on younger vintages for a decline in interest for 16-year-old classics. more

27/08/2021

in Aircraft Asset Profiles , Lessors and Lease Rates

Banks mull NAC aircraft repossessions, airlines continue fleet restructurings

Several banks with secured debt to Nordic Aviation Capital are rumoured to be considering whether to repossess aircraft from the troubled regional aircraft lessor. more

26/08/2021

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

Remarketing Watch data sheets: More aircraft are coming out of storage

This is a new series of reports. Download data sheets with an overview of aircraft currently available on three of the most active aircraft remarketing sites. more

25/08/2021

in Lessors and Lease Rates , Aircraft Finance Market

Remarketing Watch: Lessors impose interest rates on lease extensions and PBH deals

Airlines are continuing to extend power-by-the-hour (PBH) terms or lease deferrals as they wait for a recovery in passenger traffic, which many carriers hope will occur by summer 2022. more

20/08/2021

in Lessors and Lease Rates , Aircraft Finance Market

Asset managers staff up, lessors sign mid-life aircraft deals

This is the second edition of Ishka’s aircraft asset managers report, which tracks recent updates, market moves, and fleet changes of aircraft asset managers in the industry. more

20/08/2021

in Lessors and Lease Rates , Aircraft Finance Market

Engine lessors post Q2 losses but continue to buy discounted engines

Two publicly-listed engine lessors, Willis Lease Finance (Willis) and Fortress Transport and Infrastructure Investors (Fortress), have recorded losses results during the year’s second quarter as the aviation industry continues to be rocked by the Covid-19 crisis. more

18/08/2021

in Lessors and Lease Rates

Lessor CEOs: Airline rent deferral requests slow-down, 'no business case yet' for eVTOL aircraft

Ishka reviews some of the key market concerns raised by AerCap, Aircastle, Air Lease Corporation (ALC) and ALAFCO in their Q2 2021 earnings calls, including deferral requests, OEM delays, aviation’s environmental impact and the future market outlook. more

16/08/2021

in Lessors and Lease Rates , Aircraft Finance Market

ALC Q2 2021: Lessor to 'scale back' aircraft sales due to OEM delays

Air Lease Corporation will be cutting back on aircraft sales for the remainder of 2021, and possibly into 2022, as OEM delays get in the way of its portfolio growth objectives. more

09/08/2021

in Lessors and Lease Rates , Aircraft Finance Market

Prices climb for 2013 vintage 737-800NGs vs A320ceos

Limited availability for 2013 vintage B737-800NGs has seen purchase prices and lease rates for the aircraft type overtake 2013 vintage A320ceos, according to Ishka’s latest pricing benchmark. more

06/08/2021

in Lessors and Lease Rates , Aircraft Finance Market

AerCap sees 9.6% hike in Q2 net income as GECAS merger gets EU approval

AerCap has recorded a steady rise in revenues and net income this quarter, as European regulators approved a planned merger with rival lessor GECAS set to close in Q4. more

03/08/2021

in Lessors and Lease Rates , Aircraft Finance Market

Asset managers chase freighter conversion deals

This is the first edition of Ishka’s aircraft asset managers report, which tracks recent updates, market moves, and fleet changes of the active aircraft asset managers in the industry. more

28/07/2021

in Aircraft Asset Profiles , Lessors and Lease Rates

Remarketing Watch: Airlines negotiating six months minimum of PBH

New leases and lease amendments for passenger aircraft are featuring a minimum of six to nine months of power-by-the-hour (PBH) pricing, third-party aircraft remarketers tell Ishka. more

23/07/2021

in Lessors and Lease Rates , Aircraft Finance Market

A320neo prices stable while 737 MAX 8 values climb slightly

The Ishka Aircraft Pricing Benchmark aims at collecting (anonymously) the market’s view every two months. more

21/07/2021

in Lessors and Lease Rates , Aircraft Finance Market

Trading update: Bocomm reviews off-shore portfolio bids, Castlelake sells Delta 737s

Lessors and aircraft investors are waiting to hear if they have been successfully mandated, or shortlisted, on several portfolios of leased aircraft for sale. more

14/07/2021

in Lessors and Lease Rates , Aircraft Finance Market

Trading update: Avolon signs LOIs for 12 aircraft, GECAS returns with revised portfolio

Lessors state that there has been a resurgence in the secondary aircraft trading market in the last three months as more leasing platforms and asset managers bid to buy leased aircraft. more

09/07/2021

in Lessors and Lease Rates , Aircraft Finance Market

Sale/leaseback market heats up as more Asian lessors chase deals

Ishka reviews the last 18-months of pandemic sale/leasebacks. more

08/07/2021

in Lessors and Lease Rates , Aircraft Finance Market

Lessor bonds: $7bn in Q2 as Chinese issuances increase

Aircraft lessors tracked by Ishka issued nearly $7 billion in capital markets debt during the second quarter, a 24% decline from an exceptionally busy first quarter. more

07/07/2021

in Lessors and Lease Rates , Aircraft Finance Market

New-build A320 and MAX values show first signs of recovery

Young, new technology narrowbody aircraft have seen slight improvements in market value sentiment since the first quarter of the year. more

30/06/2021

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

New aircraft ABS deals achieve record pricing as market ‘bounces back’

Four aircraft ABS deals, including one engine deal, have priced in the last four weeks, with deals achieving either record-low or comparable yields to pre-pandemic issuances, despite the stress facing the airline sector due to the Covid-19 crisis. more

28/06/2021

in Lessors and Lease Rates , Aircraft Finance Market

10-year-old aircraft values, Thrust 2021-1 ABS prices, OEMs explore new technologies

This is a regular series from 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

22/06/2021

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

Ishka Dublin Festival: End of the crisis ‘in sight’ but airlines to suffer losses till 2023

Commercial air travel is forecasted to recover to 88% of 2019 levels by 2022 and 109% by 2023, according to Brian Pearce, chief economist for aviation trade body IATA. Pearce, speaking at the Ishka+ Dublin virtual Festival said “the end of the crisis is in sight” but warned many airlines are still at risk of significant cash burn for the rest of 2021. more

21/06/2021

in Lessors and Lease Rates , Aircraft Finance Market

Transaction Economics

Transaction Economics – Aircraft Values and Trading Data

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Ishka Advisory – Airline Restructuring

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