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Lessors file more than $7.8bn in Russia-related insurance claims

Leasing firms tracked by Ishka have filed over $7.89 billion in insurance claims in relation to aircraft trapped in Russia to date. more

02/02/2023

in Lessors & Asset managers

High Ridge CEO: 2023 could be a big year for lessor M&A

2023 could be an active year for M&A in the aircraft leasing space, according to the CEO of start-up lessor High Ridge Aviation, Greg Conlon, who also tells Ishka that High Ridge is actively looking at a couple of potential transactions. more

10/01/2023

in Lessors & Asset managers , Aviation Banks and Lenders

Lessor Bonds Q4 2022: ALC ends year as only Western debt issuer

Aircraft lessors tracked by Ishka issued $2.097 billion in unsecured capital markets debt in the fourth quarter of the year, topping the total amount issued in the previous two quarters combined. more

05/01/2023

in Lessors & Asset managers , Capital Markets

The secondary market aircraft buyers list 2022

In a new regular report series, Ishka summarises a list of potential and active buyers of leased aircraft on the secondary market. more

15/12/2022

in Lessors & Asset managers

Unsecured debt data sheet: Q4 2022 QTD lessor bond issuances

Unsecured bond issuance volume by aircraft lessors has picked up so far in Q4 after ALC's $700 million bond. more

29/11/2022

in Lessors & Asset managers , Capital Markets

M&A: Aergo’s fleet exceeds 300 aircraft after acquiring rival Seraph

Aircraft asset manager Aergo Capital (Aergo) fleet has jumped to 304 aircraft assets after acquiring rival Seraph Aviation Management Limited (Seraph Aviation) for an undisclosed fee. more

23/11/2022

in Lessors & Asset managers

Strong USD weakens Japanese aircraft investor appetite

Japanese aircraft investor appetite appears to have reduced over the past three months with less capital being deployed due to the weakening Japanese Yen (JPY) against the US Dollar (USD), sources tell Ishka. more

17/11/2022

in Lessors & Asset managers

Lessor CEOs: Strengthening lease rate environment as aircraft scarcity continues

A lack of aircraft and inflation escalators is continuing to push up aircraft lease rates, and lease extensions, according to lessor CEOs during their recent Q3 earnings calls. more

10/11/2022

in Lessors & Asset managers

AerCap Q3 2022: ‘Unique insights’ make lessor bullish on widebody market future

AerCap expects to continue to see “strong demand and upward pressure on lease rates” for widebody aircraft going forward, CEO Aengus Kelly told analysts during the lessor’s recent Q3 2022 earnings call. more

09/11/2022

in Lessors & Asset managers

Asset managers Q3 2022 update

Ishka's asset managers datasheet provides a summary of recent news, activity and metrics of aircraft asset managers in Q3 2022. more

08/11/2022

in Lessors & Asset managers

Q3 2022: Air Lease outlines $700 million 2023 sales ‘pipeline’

Air Lease Corporation (ALC) is set to close multiple aircraft sales worth around $850 million over the next nine months as CEO John Plueger states the lessor has a “pipeline of aircraft sales” built up. more

04/11/2022

in Lessors & Asset managers

Aircraft trading battles interest-rate and financing headwinds

Numerous industry headwinds are dampening the volume of aircraft trading between lessors and asset managers. more

14/10/2022

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

volofin eyes turbulent ABS market

Alternative lender explores a potential aircraft loan securitisation next year, in the meantime, capital markets remain volatile. more

12/10/2022

in Lessors & Asset managers , Capital Markets

Lessor Bonds Q3 2022: Chinese firms sole issuers in another slow quarter

Aircraft lessors tracked by Ishka only issued $602 million in unsecured capital markets debt during the third quarter of the year, less than half of the $1.45 billion issued during Q2 2022. more

11/10/2022

in Lessors & Asset managers , Capital Markets

New Avolon CEO: Orderbook narrowbody lease rates up 15%-20% from Covid lows

Avolon’s new CEO, Andy Cronin, says lease rates for lessor orderbook Airbus A320neos and Boeing 737 MAXs have climbed 15% to 20% since their “trough” in the first half of 2021 to reach parity with pre-Covid rates. more

07/10/2022

in Lessors & Asset managers , Other

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