The premium of jet fuel over crude oil has increased 31.3% since new limits for the sulphur content of marine fuels was announced. more

11/11/2019

in Regulatory and Accounting

Treaty lenders are slowly returning to the Japanese market after tax reforms announced last year left overseas lenders unsure how competitive they could be against domestic banks when contending for JOLCO debt mandates. more

22/10/2019

in Regulatory and Accounting

Burgeoning aircraft manufacturers like COMAC are reaping the rewards of the Boeing-Airbus World Trade Organisation (WTO) dispute. more

07/10/2019

in Regulatory and Accounting , Aircraft Finance Market

Public fallout from the climate crisis represents an “existential” threat to aviation, said panellists at this year’s ISTAT Berlin. more

03/10/2019

in Regulatory and Accounting , Aircraft Finance Market

In a guest Insight, PwC Ireland examines the increasing judicial scrutiny towards treaty-based tax planning and what it may mean for aircraft lessors and investors. more

09/08/2019

in Regulatory and Accounting , Aircraft Finance Market

Boeing has prepared multiple and divergent plans for the MAX's return to service, betraying the uncertainty that still surrounds the MAX crisis. more

25/07/2019

in Aircraft Asset Profiles , Regulatory and Accounting

Ishka examines the German closed-end fund market: from the demise of retail KG funds to the slow emergence of Spezialfonds for institutional investors. more

23/07/2019

in Regulatory and Accounting , Aircraft Finance Market

After a decade of growth, 2019 Q1 passenger numbers in Sweden are 4.2% lower than the same period in 2018. Is aviation finance waking up to the long term risk of climate-conscious passengers? more

17/07/2019

in Regulatory and Accounting , Aircraft Finance Market

With efforts to tax aviation fuel gaining traction across the EU, Ishka examines the impact that kerosene taxes could have on aircraft demand. more

04/07/2019

in Regulatory and Accounting , Modelling and Forecasting

All of the political groups likely to form the European Parliament's next majority back a commercial jet fuel tax. Update: Tax would have meant 82.44% increase of 2018 - 19 fuel costs. more

31/05/2019

in Airline Profiles , Regulatory and Accounting

Attendees and appraisers at ISTAT Asia did not think the MAX would be flying again in time for the summer season and asked how the grounding could impact MAX values and lease rates. more

14/05/2019

in Aircraft Asset Profiles , Aircraft Finance Market , Regulatory and Accounting

A small group of climate protesters targeted Heathrow Airport this meet. How seriously should aviation financiers take the threat of future demonstrations? more

23/04/2019

in Regulatory and Accounting , Investor Education

Ishka summarises some of the key takeaways from the Ishka’s Investing in Aviation Finance Europe conference held last week in London. more

12/04/2019

in Regulatory and Accounting , Capital Markets , Aircraft Finance Market

AWG has published GATS draft documentation ahead of its planned Q1 2020 release. In it, the organisation takes pains to address some of the common question that the market has had over its project. more

03/04/2019

in Regulatory and Accounting , Technical Expertise , Aircraft Finance Market

Boeing's MAX software fix has been delayed from days to weeks by the FAA, who are themselves losing the confidence of aviation authorities worldwide. more

02/04/2019

in Regulatory and Accounting , Aircraft Finance Market , Aircraft Asset Profiles

Lessor chiefs decline to speculate on the causes of the crash. more

12/03/2019

in Lessors and Lease Rates , Aircraft Finance Market , Regulatory and Accounting

Ishka summarises sections of the 2019 Japanese tax reform relevant to the JOL/JOLCO market and its potential effects on market participants. more

26/02/2019

in Regulatory and Accounting , Aircraft Finance Market

In January a new accounting standard, IFRS 16, which puts operating leases on an airline’s balance sheet came into effect. Colin Sach, an aviation corporate finance adviser asks how the new accounting standard could impact airline fleet management. more

22/02/2019

in Regulatory and Accounting , Modelling and Forecasting , Aircraft Finance Market

Aircraft lessors exposed to ailing carrier Avianca Brazil are expected to remain on stand-by until next month despite new court developments technically paving the way for aircraft repossessions. more

20/02/2019

in Lessors and Lease Rates , Airline Profiles , Regulatory and Accounting

Aircastle’s mostly positive results for the full year 2018 were overshadowed by the ongoing concerns for the fate of the lessor’s aircraft operated by Avianca Brazil. more

19/02/2019

in Lessors and Lease Rates , Regulatory and Accounting , Aircraft Finance Market

JOL/JOLCO lessors, offshore lenders and equity investors alike could be hit by upcoming Japanese tax reforms. more

11/02/2019

in Regulatory and Accounting , Aircraft Finance Market

Aircraft lessors exposed to Avianca Brazil have appealed a controversial 73-day extension to a stay on aircraft repossessions granted by a court in Sao Paulo on February 1. more

06/02/2019

in Aircraft Asset Profiles , Lessors and Lease Rates , Airline Profiles , Regulatory and Accounting

Hopes that India could soon introduce the Cape Town Convention into its domestic legislation have been dashed, with progress unlikely until at least mid-2019. more

05/02/2019

in Regulatory and Accounting , Aircraft Finance Market

Lessors involved in Ocean Linhas Aereas S/A (Avianca Brazil) are sitting out a controversial stay on repossessions in disquiet as a February 1 deadline nears for the crippled Latin American carrier. more

28/01/2019

in Aircraft Asset Profiles , Regulatory and Accounting

Ishka examines whether aviation finance, a notoriously carbon-intensive industry, could meet ESG (environmental, social, governance) criteria and attract ethical investors. more

29/11/2018

in Regulatory and Accounting , Capital Markets , Investor Education , Home

Should insolvent airlines be permitted to continue operating their aircraft temporarily? more

15/11/2018

in Regulatory and Accounting

Chinese airlines have been conspicuous in their avoidance of direct aircraft orders with Boeing as the trade war heats up between China and the US. more

09/10/2018

in Regulatory and Accounting , Aircraft Finance Market

As part of a regular series looking at the trends in air traffic and capacity, in this week’s Insight, Ishka reviews the traffic and capacity changes during the first quarter of 2018. more

23/05/2018

in Regulatory and Accounting

Monarch’s creditors recently won the right to trade the defunct carrier’s airport slots after an appeal but White & Case, in a guest report, argues that slots still represent uncertain collateral for financiers. more

08/05/2018

in Regulatory and Accounting

One consequence of incoming accounting changes, IFRS 16 and IFRS 9 will be increased currency costs for airlines with predominately non-US dollar revenues. more

16/01/2018

in Regulatory and Accounting

Proposed changes to how Hong Kong-listed lessors report aircraft transactions are part of an effort to reduce their operating costs and improve the attractiveness of listing in the city. more

27/11/2017

in Lessors and Lease Rates , Regulatory and Accounting , Aircraft Finance Market

A proposed cap on corporate tax deductions for net interest expense is unlikely to have any effect on US airlines, but a 15% reduction in the top rate will be a boon for carriers. more

24/11/2017

in Airline Profiles , Regulatory and Accounting , Aircraft Finance Market

The big three US carriers have been able to offset recent record profits thanks to years of previous losses. more

15/11/2017

in Airline Profiles , Regulatory and Accounting

Ishka takes a closer look at the creditor protections for Norwegian’s EETC. more

06/11/2017

in Regulatory and Accounting , Modelling and Forecasting , Aircraft Finance Market

Carriers have fought EU compensation legislation bitterly since its introduction in 2005 more

30/10/2017

in Regulatory and Accounting , Technical Expertise

As the Fed begins to end quantitative easing Ishka examines how aircraft rents will begin to be impacted. more

29/09/2017

in Lessors and Lease Rates , Regulatory and Accounting

As the world’s fleet increases, airlines are forced to spend time doing novations as lessors trade their aircraft. Ishka examines some of the challenges lessors and airlines face with novations. more

04/09/2017

in Lessor finances , Regulatory and Accounting , Technical Expertise

In a special guest insight piece, RDC Aviation Economics’ Tim Coombs, looks at the impact of Brexit on airlines and airports. more

21/08/2017

in Airline Profiles , Regulatory and Accounting

As part of its regular series on air passenger traffic, Ishka studies the evolution of traffic and capacity during the first six months of 2017. more

18/08/2017

in Regulatory and Accounting

Anecdotal evidence suggests that aircraft repossessions are on the rise. Ishka looks at two of the difficult jurisdictions to retrieve an aircraft from: Nigeria and Turkey. more

03/07/2017

in Lessors and Lease Rates , Regulatory and Accounting , Technical Expertise

Ishka reviews what changes to Ireland’s double tax treaties as part of the OECD BEPS regulations could mean for aircraft lessors. more

22/06/2017

in Regulatory and Accounting , Aircraft Finance Market

At least three non-bank institutions including an insurance firm are actively looking to create their own private aviation debt fund, according to Ishka research. more

21/02/2017

in Regulatory and Accounting , Investor Education , Aircraft Finance Market

Low-cost airlines revolutionised the aviation industry in the last ten years, driving prices down and forcing incumbents to compete. Now carriers like Norwegian and Air Asia X have applied the same low-cost model to long-haul flights. The challenge now is to deliver sustainable profitability. more

26/01/2017

in Airline Profiles , Regulatory and Accounting , Investor Education , Aircraft Finance Market

A project launched by the G20 and the OECD to improve international tax laws and prevent aggressive tax planning is set to impact aviation firms. Ishka examines how the Base Erosion and Profit Shifting (BEPS) project will affect airlines and lessors. more

14/12/2016

in Lessors and Lease Rates , Regulatory and Accounting , Investor Education

Plans to make US Ex-Im fully operational again were dealt a blow this week when Congress rejected an amendment to a short-term spending bill that would allow the bank to function without a full board. Ishka examines two possible opportunities to reopen the bank. The first involves a new Senate banking committee chairman, while the second involves the next US budget. more

11/12/2016

in Regulatory and Accounting , Aircraft Finance Market

Originators of Aircraft ABS deals are not subject to the Dodd-Frank’s 5% risk retention rules, according to a panel of aviation lawyers in a new white paper. Ishka examines their argument and assesses what this means for future ABS issuances. more

06/12/2016

in Regulatory and Accounting , Aircraft Finance Market

Proposed amendments to the final elements of the Basel III capital rules – unofficially dubbed “Basel IV” now include an exception for ECA financing. However the new rules are set to penalise traditional secured aviation bank financing and encourage risky unsecured financing for aviation credits. The new tougher capital requirements could prompt some banks to leave the sector completely. more

05/12/2016

in Regulatory and Accounting , Capital Markets , Aircraft Finance Market

Ishka spoke to Embraer’s new CEO John Slattery who took the helm at the Brazilian OEM in June this year. Slattery is bullish about its prospects in the crowded regional jet market. But with the next generation E2 Jet due to enter service in 2018, labour-union scope clauses remain a formidable obstacle to sales in the United States while the second-hand market appears robust. more

14/11/2016

in Manufacturers

The June referendum on British membership of the European Union sent airline shares tumbling while profit warnings from BA, Ryanair and others seemed to portend a few years of volatility and uncertainty. EasyJet has even mooted moving its headquarters to the continent. Much will depend on whether Britain retains access to the ECAA – the basis of so much of the industry’s success over the last 20 years. But with the political situation deteriorating, is a bespoke deal for aviation a possibility? more

04/11/2016

in Airlines , Lessors , Manufacturers

Boeing has been creative in its support to its airline and leasing customers - switching ordered assets, and managing deferrals. These efforts ensure carriers ‘stay with the programme’ but is also an indicator that the market is becoming increasingly stressed. Ishka examines how Boeing has managed to find solutions for its customers, and in doing so has helped its own production gaps. more

01/11/2016

in Airlines , Manufacturers