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
This edition of On Watch covers recent updates on the following airlines: Jeju Air, FlySafair, Spirit, Rex, Kenya Airways, Riyadh Air, Wizz Air and Koala Airlines. more
20/01/2025
In this Insight we take our annual look of those airlines that called time during 2024. more
20/01/2025
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
Ishka takes a quick look at some things you might have missed over the last two weeks. more
30/12/2024
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
Ishka's Transaction Update is a report series looking at essential trends, recent deal flow, and key announcements within aviation and aircraft leasing... more
17/12/2024
Azorra has signed a R$1.1 billion ($182 million) financing agreement with Brazilian export credit agency BNDES to finance eight Embraer E2 jets to Azorra. more
16/12/2024
in Lessors & Asset managers , Airline trends & analysis , Aviation Banks and Lenders
Ishka's Transaction Update is a report series looking at essential trends, recent deal flow, and key announcements within aviation and aircraft leasing... more
04/12/2024
Spirit Airlines announced it has entered Chapter 11 bankruptcy proceedings, after months of speculation that the struggling airline would pursue a restructuring. more
18/11/2024
In this month’s ACP Extra, Ishka turns its attention to the Australian and New Zealand aviation markets more
12/11/2024
Conversations around lease rate sustainability from last week's Ishka Aviation Investival: North America. more
23/10/2024
in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Airline trends & analysis
Ishka's Transaction Update is a report series looking at essential trends, recent deal flow, and key announcements within aviation and aircraft leasing... more
21/10/2024
Rumours of Spirit Airlines pursuing a Chapter 11 restructuring have been swirling. more
14/10/2024
Ishka's Transaction Update is a report series looking at essential trends, recent deal flow, and key announcements within aviation and aircraft leasing... more
07/10/2024
Lessors tracked by Ishka raised $4.2 billion in unsecured capital markets debt in September. more
02/10/2024
in Lessors & Asset managers , Airline trends & analysis , Capital Markets
Following Ishka’s annual report highlighting the airlines that began operations in 2023, Ishka cast an eye as to the current state of these airlines... more
27/09/2024
Ishka provides updates on the recent merger between Alaska Airlines and Hawaiian Airlines and the latest offer from Boeing to striking workers. more
24/09/2024
Ishka examines how Aeroflot's plan to agree insurance settlements could impact ongoing litigation from aircraft lessors. more
06/09/2024
in Lessors & Asset managers , Airline trends & analysis , Other
Japan’s two largest carriers JAL and ANA have reported strong financial performances in FY 2024, driven largely by the recovery of demand in the international segment. more
19/08/2024
Welcome to Ishka's Transaction Update, a report series looking at essential trends, recent deal flow and key announcements within aviation and aircraft leasing. more
12/08/2024
Phoenix Aviation Capital (PAC) has priced a debut $242 million lessor EETC, PAC 2024-1. more
09/08/2024
Lessors tracked by Ishka raised just over $1.4 billion in July. more
01/08/2024
Ishka summarises orders from Farnborough 2024. more
25/07/2024
in Lessors & Asset managers , Airline trends & analysis , OEMs, Cargo & Engines
Russian airlines are reportedly nearing new settlements with lessors over trapped aircraft, while Boeing is to plead guilty to criminal charges as part of a plea deal with the US DOJ. more
09/07/2024
in Lessors & Asset managers , Airline trends & analysis , OEMs, Cargo & Engines
Romanian flag carrier TAROM is set to leave Heathrow Airport in October after finding a buyer for its airport slots. In India, defunct LCC Go First has been permitted a final 60-day extension to complete the insolvency process, allowing additional time for investors to bid on the business. more
04/07/2024
This week Ishka turns its attention to the Middle East, and reviews the recent performance of some of the LCC’s serving the aviation market in the region, including flydubai, flynas, Air Arabia, Jazeera Airways and Salamair. While demand remains elevated in the region, aggressive capacity deployment and new entrants in the market have put pressure on yields. That said, Emirates, Qatar Airways and Saudia continue to operate almost 40% of the region’s total capacity. more
28/06/2024
European regulators will uphold operational restrictions on Pakistan International Airlines until the implementation of "corrective measures" within the country's civil aviation authority. In Australia, Bonza appears to be heading towards liquidation following the firing of its employees and cancellation of all future services. more
13/06/2024
Latin America’s major carriers – Avianca, LATAM, and Aeroméxico - have all made strong recoveries since emerging from Chapter 11 restructuring. more
15/05/2024
Australian ULCC Bonza has suspended operations and entered administration following issues with cash flow and funding. In India, SpiceJet has had a fourth lessor open insolvency proceedings after the non-payment of $10 million in rental fees. more
10/05/2024
Following on from Central America, attention focuses on Brazil. Some of the core themes are similar to the outlook for Brazilian carriers – namely robust current passenger demand hedged by regional volatility and country concerns. Others however, are unique to Latin America’s second largest economy. more
02/05/2024
Like South America, Central America has seen robust traffic recovery through 2023, with both low-cost and full-service carriers benefitting from the surge in demand. However, upcoming elections, regional instability, and capacity shortfalls may prove a challenge for future growth plans. more
15/04/2024
Supply chain constraints, high leasing fees, and limited access to new aircraft appear to be weighing on start-up carriers. Just 19 airlines launched operations in 2023, a significant drop compared to previous years. Notable newcomers to the market include Australia's Bonza, a relaunched Mexicana, and premium travel-focused BeOnd. more
12/04/2024
South African Airways is currently seeking a new strategic partner following the termination of its planned semi-privatisation deal with Takatso after three years of discussions. According to the South African government, the carrier currently has enough funds to keep operations running for up to 18 months. more
10/04/2024
Passenger traffic across Latin American markets recovered strongly in 2023, driven largely by a full recovery in the domestic markets. Nevertheless, there were casualties along the way, including Viva Air and Ultra Air in Colombia and EQUAIR in Ecuador. more
07/04/2024
Like the rest of Europe, traffic recovery in the Nordic region was robust and helped the major carriers to return to profitability in FY 2023 except SAS which is operating under Chapter 11 restructuring and remained in the red. more
22/03/2024
Two years into Russia’s sanctions, Aeroflot Group [On Watch] is struggling to keep itself afloat as its limited international schedule and settlement payments begin to bite. more
15/03/2024
Canadian ULCC Lynx Air has become the first airline casualty of 2024, filing for bankruptcy on 22nd February after just two years of operations. In the United States, JetBlue and Spirit Airlines have officially announced the termination of their merger agreement amid regulatory hurdles. more
07/03/2024
Passenger traffic and revenues recovered well in Vietnam in 2023, edging closer to pre-pandemic levels. However, the credit profiles of the country’s three main carriers remained under pressure. more
05/03/2024
SpiceJet [On Watch] has been denied further extensions on its outstanding debt payments to Credit Suisse and ordered by India’s Supreme Court to pay $1.25 million before March 15. more
22/02/2024
Ishka continunes its coverage of the Southeast Asian aviation market, and this week reviews developments in the Malaysian, the Philippines and Indonesian markets. more
19/02/2024
Ishka summarises the airlines that met their end in 2023, predominantly due to insolvency as well as those who could no longer operate flights due to their required licensing being lost or withdrawn. more
13/02/2024
Ishka reviews the Thai market. Thai Airways recorded a profit across the first three quarters of 2023 while Thai AirAsia saw revenues exceed pre-pandemic levels in both the second and third quarters. Nok Air’s recovery in 2023 has lagged that of the Thai domestic market. more
05/02/2024
Brazilian airline GOL Linhas Aéreas Inteligentes (GOL) voluntarily filed for Chapter 11 in the US Bankruptcy Court at the end of January in the Southern District of New York. The airline enters Chapter 11 with a financing commitment for $950 million in new debtor-in-possession financing more
01/02/2024
This week Ishka turns its attention to the Turkish aviation market. The country’s largest airlines, Turkish Airlines, Pegasus and SunExpress have leveraged the strong leisure demand and traffic that was present during the summer quarter, reporting among the strongest top and bottom-line results in the industry in Q3 2023. more
24/01/2024
Ethiopia will grant an undisclosed stake in its state-owned carrier in exchange for access to Somaliland’s coastline, both for commercial and military purposes. more
11/01/2024