Ishka insights: indispensable aviation data, analysis and opinion
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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

23/03/2026

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

Pegasus eyes supported financings and JOLCOs for 2026 and 2027 deliveries

Ishka sits down with Cansu Şenol Başpınar, senior head of corporate finance at Pegasus Airlines (Pegasus) to talk about supported financing, sale/leasebacks and the JOLCO market.  Pegasus won Ishka’s Best ECA Deal 2024 for a Bpifrance-supported Engine Maintenance Financing. more

07/01/2026

in Aircraft values, Lease Rates & Returns , Airline trends & analysis

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

On Watch: Spirit moves forward $100 million in DIP financing, Avia Solutions Group bond partially recovers after SmartLynx dip

Spirit Airlines has announced the amendment of its debtor-in-possession (DIP) credit agreement to bring forward the availability of $100 million in credit for use. more

17/12/2025

in Airline trends & analysis

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

A look at Allegiant’s 2026 financing and fleet plans

Allegiant Air (Allegiant) has 34 remaining Boeing 737 MAX deliveries from a 50-strong order announced in January 2022, along with 80 options. Ishka speaks with Asad Shaikh, Vice President of Fleet & Corporate Finance at Allegiant about the airline’s immediate fleet and financing plans. more

10/12/2025

in Airline trends & analysis , Aviation Banks and Lenders

Airline risk report: Reviewing Q3 for China’s Big 3

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

09/12/2025

in Airline trends & analysis

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

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

'Vast majority' of Airbus A320s receive solar software fix after weekend disruption

Airbus has provided an update on the identified flight control issue that led to an Alert Operators Transmission (AOT) being issued on 28th November, impacting around 6,000 A320 family aircraft. more

01/12/2025

in Airline trends & analysis , OEMs, Cargo & Engines

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

Restructuring: A review of SmartLynx Latvia’s creditors

SmartLynx Latvia owes over €238 million in total liabilities, according to creditor notices reviewed by Ishka. The majority, around €171 million, or 72%, is owed to entities linked to former parent Avia Solutions Group. more

12/11/2025

in Airline trends & analysis

On Watch: Caribbean Airlines placed ‘On Watch’, Rex sale advances

This edition of On Watch provides updates on Caribbean Airlines and Regional Express (Rex). more

06/11/2025

in Airline trends & analysis

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

SmartLynx Airlines undergoes Latvian restructuring

SmartLynx Airlines has entered legal protection proceedings on 28th October 2025, according to a filing in the Riga District Court. This follows the news that former parent, Avia Solutions Group, had divested it's stake in the Latvian AOC. more

03/11/2025

in Airline trends & analysis

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

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

On Watch: Abra targets US listing, Spirit secures DIP approval, SpiceJet settles with Carlyle Aviation

This edition of On Watch provides updates on Gol, Avianca, Spirit Airlines and Spicejet. more

20/10/2025

in Airline trends & analysis

Briefing: Lessors brace themselves for Spirit’s mass aircraft returns

US carrier Spirit Airlines filed a court motion to reject 87 additional aircraft leases, bringing the total number of rejections sought under its Chapter 11 process to more than 100 aircraft as lessors brace to see what the impact will be. more

06/10/2025

in Lessors & Asset managers , Airline trends & analysis

On Watch: Fly PLAY hits pause, TAP mandates privatisation, SriLankan faces creditor holdout, bid emerges for Australia’s Rex

This edition of On Watch provides updates on Fly PLAY, TAP Air Portugal, SriLankan Airlines and Rex Airlines. more

02/10/2025

in Airline trends & analysis

Spirit’s Chapter 11: DIP financing, AerCap agreement and the prospect of a merger

Spirit Airlines has secured $475 million in DIP financing and settled with AerCap to reject costly leases, as it continues its Chapter 11 restructuring. more

02/10/2025

in Airline trends & analysis

On Watch: Azul files restructuring plan as it rejects more than 30 lease agreements

Azul filed its Chapter 11 plan of reorganisation in the US Bankruptcy Court for the Southern District of New York as it seeks to eliminate more than $2 billion of debt and raise around $950 million in new capital. more

24/09/2025

in Airline trends & analysis

Transaction update: Embraer secures double E195-E2 order, GA Telesis acquires 16-aircraft portfolio

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

22/09/2025

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