Ishka insights: indispensable aviation data, analysis and opinion
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THY issues 60 plus aircraft RFP, OEM warn of ‘major trade war’ if EU expands ETS scope

Turkish Airlines is rumoured to be in the market with a financing RFP for more than 60 older aircraft. Elsewhere, the European Commission reaffirmed its intention to “apply an effective price signal” to extra-European flights through its carbon market. more

18/05/2026

in Airline trends & analysis , OEMs, Cargo & Engines

Jet Fuel Crisis: Governmental support eleven weeks into the conflict

To date, Ishka has tracked 42 enacted, proposed and requested measures for aviation support globally, spanning direct loans, state-backed credit facilities, tax relief, fuel supply interventions and regulatory flexibility initiatives. more

18/05/2026

in Airline trends & analysis

China orders 200 Boeing aircraft, aircraft retirements could rise, 15-year Airbus narrowbody values

Ishka's Weekly Update is a report series that examines key trends, recent deal flow, and major announcements in aviation and aircraft leasing. more

14/05/2026

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

Why Europe's jet fuel problem is price, not supply

European airline fuel managers tell Ishka they are not concerned about physical jet fuel shortages this summer, with the real risks lying in pricing, basis risk and eroding hedge cover. more

14/05/2026

in Airline trends & analysis

Jet Fuel Crisis: Governmental support ten weeks into the conflict

To date, Ishka has tracked more than 40 enacted, proposed and requested aviation support measures globally, spanning direct loans, state-backed credit facilities, tax relief, fuel supply interventions and regulatory flexibility initiatives. more

08/05/2026

in Airline trends & analysis

Spirit's liquidation, Azorra buys DAE's A220 orderbook, ATR, Embraer and A220 values

Ishka's Transaction Update is a report series that examines key trends, recent deal flow, and major announcements in aviation and aircraft leasing. more

08/05/2026

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

Spirit undergoes Chapter 11 liquidation, 66 aircraft set to return to lessors

The Middle East fuel shock has pushed Spirit Airlines into liquidation, making it the first major airline to collapse during the crisis. more

05/05/2026

in Airline trends & analysis

Borrowers tap cap markets, Arcus to buy a stake in TrueNoord, new-build Boeing WB values

Ishka's Transaction Update is a report series that examines key trends, recent deal flow, and major announcements in aviation and aircraft leasing. more

01/05/2026

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

On Watch: Spirit delays court hearing, AVA requests $2.5 billion jet fuel liquidity pool

Spirit Airlines has delayed an expected bankruptcy court hearing as it continues discussions with the US government on a potential financing package. Ishka's research suggests that current jet fuel prices could add roughly $50 million to the carrier’s monthly fuel bill, compared with the assumptions underpinning its original Chapter 11 restructuring plan. more

29/04/2026

in Airline trends & analysis

Spirit bailout talks advance, JetBlue dismisses bankruptcy risk, new-build Airbus WB 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

24/04/2026

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

Airlines draw up contingency plans as jet fuel crisis threatens capacity

As jet fuel prices soar in the wake of the Strait of Hormuz closure, Air India’s outgoing CEO warns that the market is underestimating the capacity impact of what analysts call a historic oil shock. more

23/04/2026

in Airline trends & analysis

Briefing: Assessing the jet fuel supply shock

Ishka examines the jet fuel supply crisis stemming from the Middle Eastern conflict, assessing regional exposure across Asia, Europe and the US, the pricing outlook through the summer, and why the real risk to aviation is not running out of fuel but a prolonged period of elevated prices. more

23/04/2026

in Airline trends & analysis

JOLCO investors undeterred by Iranian crisis

Investor appetite for JOLCO remains strong despite the Middle Eastern conflict, although rising fuel costs and geopolitical risks may prompt investors to continue favouring established, premium airline credits. more

17/04/2026

in Airline trends & analysis

Jet fuel crisis threatens JetBlue and Spirit, Lufthansa cuts capacity, new Boeing NB 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

17/04/2026

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

On Watch: Airlines under pressure as fuel crisis nears seventh week

This edition of On Watch provides updates on airBaltic, SpiceJet, SAS and JetBlue. more

13/04/2026

in Airline trends & analysis

Briefing: How could higher oil prices impact previous-generation aircraft values?

Ishka's latest periodic review has seen a drop in market lease rates (MLRs) for older vintage A320ceo aircraft. more

10/04/2026

in Aircraft values, Lease Rates & Returns , Airline trends & analysis , OEMs, Cargo & Engines

Jet fuel supply risks, ITE & Blackstone unveil jumbo sidecar, Air Lease sale concludes, new-build Airbus narrowbody 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

10/04/2026

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

'Fragile truce' offers momentary reprieve, but jet fuel crisis is far from over

Iran and the US have agreed to a conditional two-week ceasefire, but disruptions to jet fuel markets are expected to keep prices elevated for some months. more

08/04/2026

in Airline trends & analysis

Indonesia’s new leasing platform, Avion Express to return A320ceos, ten-year-old turboprop 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

02/04/2026

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

ACMI provider Avion Express confirms fleet 'realignment'

ACMI provider Avion Express has confirmed it is adopting a “proactive fleet and structural realignment” with plans to redeliver at least 15 aircraft “and will continue to evaluate fleet size depending on market developments.” more

30/03/2026

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

ACMI provider Avion Express looks to hand back aircraft to lessors

Lithuanian ACMI provider Avion Express is understood to be in talks with lessors about returning more than 20 Airbus A320ceos or roughly half its fleet, according to multiple leasing sources more

30/03/2026

in Aircraft values, Lease Rates & Returns , Airline trends & analysis , Aviation Banks and Lenders

Ishka London wrap-up, Sumisho Air Lease issues $4 billion in notes, 10-year-old Airbus widebody 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

27/03/2026

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

Ishka London: Deals still going ahead but if Iran conflict continues ‘everything changes’

Traders and banks say deals are continuing as normal but several have warned that if the conflict continues then it would begin to disrupt the aviation finance market. more

24/03/2026

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

Cyprus Airways CEO: 'Anything that goes beyond a month and a half will start hurting hard'

As the Middle East conflict enters its fourth week, Ishka speaks with Thanos Pascalis, CEO of Cyprus Airways, ahead of Ishka’s London conference to understand how airlines are responding to the disruption and what it means for the weeks ahead. more

20/03/2026

in Airline trends & analysis

The Ishka Fleet Plan Report: Inside Allegiant and Sun Country’s fleet strategy

The Ishka Fleet Plan report reviews airlines’ near-term fleet and delivery plans, including current leasing needs and financing considerations. The second edition covers Allegiant and Sun Country. more

19/03/2026

in Airline trends & analysis

Airlines prep for higher fuel costs, Spirit to reject more aircraft, 10-year Boeing narrowbody 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

19/03/2026

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

Aviation insurers tread carefully as Middle East conflict continues

Aviation insurers have so far taken a cautious approach to the current Middle East conflict, with Ishka aware of only limited notices of review issued to airlines to date. more

18/03/2026

in Lessors & Asset managers , Airline trends & analysis

ISTAT wrap up, Oil prices continue to climb, 10-year Airbus narrowbody 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

13/03/2026

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

ISTAT: Iran crisis threatens Spirit restructuring, airlines react to jump in fuel costs

Aircraft finance sources say the conflict in Iran could imperil Spirit Airlines’ restructuring efforts if fuel costs remain elevated. Smaller, unhedged airlines are also more vulnerable to fuel shocks. more

12/03/2026

in Airline trends & analysis , Other

Briefing: How IndiGo unlocked Japanese tax equity for Indian aviation

Following IndiGo's landmark JOLCO transaction, the first of its kind for an Indian airline, Ishka delves into the legal and structural changes in India which made the deal possible. more

10/03/2026

in Airline trends & analysis , Aviation Banks and Lenders

Gulf crisis: Lessors share concerns on ABS disruption and unhedged airlines

Most lessors speaking to Ishka in San Diego say they are still ‘risk on’ for Middle East carriers. more

09/03/2026

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

ME crisis continues, Avolon, K2, Aircastle & Deucalion score in the secondary market, Genesis's new PE mandate, 10-year old Boeing WB 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

06/03/2026

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

Quick Take: Gulf airspaces shut amid Middle East conflict

Extensive airspace closures across the Middle East have followed the US/Israel military strikes on Iran, forcing widespread disruption to airlines operating in the region. more

02/03/2026

in Lessors & Asset managers , Airline trends & analysis , Other

Transaction Update: DAE agrees to buy Macquarie, aircraft spared new US tariffs, ATSG exits A321 conversion JV, 10-year-old Airbus widebody 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

27/02/2026

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

An ending... The airline failures of 2025

Ishka’s annual fixture in the calendar, looking at a run-down of airlines that ceased to be during 2025. more

25/02/2026

in Airline trends & analysis

Spirit rejections see youngest A320neo teardowns to date

EirTrade Aviation, in partnership with Chicago-based aviation and rail lessor RESIDCO, has purchased two A320neos previously operated by Spirit Airlines, marking the youngest A320neo part-outs to date. more

24/02/2026

in Lessors & Asset managers , Airline trends & analysis

Avianca’s domestic pivot amid inflation fears, Copa copes despite US tensions

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

23/02/2026

in Airline trends & analysis

Transaction Update: ACG acquires 24-strong Avolon portfolio, Vietnamese carriers buy big in Washington

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

20/02/2026

in Lessors & Asset managers , Airline trends & analysis , Capital Markets , OEMs, Cargo & Engines , Aviation Banks and Lenders

El Al CFO Gil Feldman on the airline’s fleet growth, NG phase-out, and financing strategy through 2031

Ishka speaks with Gil Feldman, CFO at El Al, about the airline's fleet expansion, widebody capacity challenges, and financing plans. more

18/02/2026

in Airline trends & analysis

Ishka / AFG deals of the year submissions now open until 23 February

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

17/02/2026

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

Transaction Update: BlueFive Capital launches new leasing platform, influx of ABS issuances continues

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

16/02/2026

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

Transaction Update: Lessors hit cap markets, TrueNoord and ACG amend bank deals, five-year-old turboprop 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

05/02/2026

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

The Ishka Fleet Plan Report: More detail on Vietnam’s aircraft RFP, a look at Royal Air Maroc’s leasing needs

The Ishka Fleet Plan report reviews airlines’ near-term fleet and delivery plans, including current leasing needs and financing considerations. The first edition covers Vietnam Airlines and Royal Air Maroc. more

04/02/2026

in Airline trends & analysis

Reminder: Ishka/ AFG deals of the year submissions open!

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

03/02/2026

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

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

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

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

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