ALC drops GAPS/CAPS for TBOLT III
Californian aircraft lessor Air Lease Corporation (ALC) has priced a $437-million ABS, TBOLT 2019-1, which will be used to acquire 19 aircraft. more
05/11/2019
Stellwagen prices Raptor 2019-1
Seraph, an asset manager and part of the Stellwagen Group, has priced a $726 million ABS, Raptor 2019-1, which will acquire 19 aircraft split between three widebodies and 16 narrowbodies. more
30/10/2019
DAE prices Falcon 2019-1 and taps tradeable e-note market
DAE has priced a $514.3 million ABS, Falcon 2019-1, which will acquire a portfolio of 23 leased aircraft split between 20 narrowbodies and three A330s. more
28/10/2019
NY Investival takeaways: Will OEMs limit their love for lessors?
Ishka summarises some of the key topics raised at its New York Investival last week. more
25/10/2019
NY Investival: Investors prep for Autumn ABS rush
Despite airline bankruptcies, there appears to be plenty of investor confidence in the aircraft ABS market. more
18/10/2019
ACG sources Korean equity for second ABS
Aviation Capital Group (ACG) has priced a second ABS, the $477 million MACH 1 USA. more
16/10/2019
Carlyle scores tight pricing for AASET 2019-2
Carlyle Aviation Holdings Limited (Carlyle) has priced a $540.4 million aircraft securitisation, AASET 2019-2 Trust (AASET 2019‑2) split between three classes of notes. more
09/10/2019
Airline bonds Q3 2019: $7.1bn raised amid shrinking maturities
Airlines around the world raised $7.1 billion through 47 unsecured bond issuances in Q3 2019. more
04/10/2019
in Airline Profiles , Capital Markets , Home
Wings prices second ABS, WAVE 2019-1
California aircraft lessor Wings Capital Partners (Wings) has kicked off a flurry of lessor aircraft ABS deals this autumn pricing its second ABS last week: the $678.08 million WAVE 2019-1. more
02/10/2019
Fed cut helps United price record EETC
United Airlines (United) has broken its own record to price the tightest coupon to date for its recent enhanced equipment trust certificate (EETC) transaction. more
10/09/2019
Tradeable e-note structure draws BOC Aviation back to ABS market
Aircraft lessor BOC Aviation has returned to the ABS market after a four-year absence for its second ABS - Silver Aircraft Leasing Limited. more
10/07/2019
in Lessors and Lease Rates , Aircraft Finance Market , Capital Markets
BBAM returns to the ABS market with Horizon II
Aircraft lessor BBAM Aviation Services Limited (BBAM) is in the market with its third aircraft ABS, Horizon Aircraft Finance II. more
20/06/2019
Aviation finance: Are you pricing for risk properly?
Three aircraft and engine leasing risk officers highlight their biggest concerns in the market today. more
30/05/2019
Aviation financiers becoming wary of rising airline risk
As fuel costs rise and airline bankruptcies have piled up in 2019, aviation financiers debate whether banks have become sensitive to airline credit risk in the past year. more
20/05/2019
in Airline Profiles , Capital Markets , Aircraft Finance Market
Goshawk markets debut ABS
Ireland-headquartered Goshawk Aviation conduct a roadshow for its debut aircraft ABS - the youngest aircraft ABS with tradable E-note to date. more
15/05/2019
in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market
GECAS' second tradable E-note aircraft ABS
GECAS has closed its fifteenth asset-backed securitisation (ABS) backed by narrowbody leased aircraft - STARR 2019-1 and the second to involve a tradable equity note (E-note). more
12/05/2019
Aircraft ABS: Castlelake prices CLAS 2019-1
US fund manager and leasing firm Castlelake has priced its sixth structured ABS financing, Castlelake Aircraft Structured Trust 2019-1 (CLAS 2019-1). more
17/04/2019
Ishka Investor Europe: Aviation investors reveal environmental concerns
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
Fund watch: Huijbers launches Hong Kong equity fund, Aero Capital Solutions closes midlife aircraft fund
Ishka examines two new aviation equity funds one launched by Aero Capital Solutions, which has closed at $200 million, and another, by PH Aviation Asia, which is still seeking investors. more
11/04/2019
Lessor CEOs: hitting the bottom of the sale/leaseback market
Ishka reviews some of the key market concerns raised by the public aircraft lessors including AerCap, Aircastle, ALC, and Fly including a potential slow-down in capital from China, Jet Airways’ and the tension of enforcing the Cape Town Convention in Brazil. more
08/04/2019
in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market
Ishka Investival: Korean investors explore more ABS e-notes
South Korean equity investors are open to aviation deals including aircraft ABS e-notes, according to aviation financiers and lessors speaking at Ishka’s Hong Kong Investival last week. more
01/04/2019
in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market
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Ishka Investival Asia: JOL/JOLCO appetite buoyant but tax reforms spook foreign banks
Japan remained a centrepiece of discussion at Ishka’s Investival Asia in Hong Kong, with participants confident about aviation's continued appeal for Japanese investors, but uncertain about where recent tax reforms leave non-Japanese banks. more
29/03/2019
in Capital Markets , Aircraft Finance Market , Investor Education
Merx refinances RISE ABS
Merx Aviation is in the market with a new $429.1 million aircraft securitisation, MAPS 2019-1 Limited which will refinance the 2014 RISE Ltd aircraft ABS transaction (RISE). more
18/02/2019
in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market
Can aviation meet equity investors' return expectations?
Equity returns for leased aircraft continue to tighten. more
04/02/2019
in Capital Markets , Investor Education , Aircraft Finance Market
Capital structure: a driver of success for lessors?
Aircraft leasing is a capital intensive business but how much of a role does a lessor's capital structure play in determining its competitiveness in the marketplace? more
22/01/2019
Capital markets outlook for lessors: going like hot cakes
Capital markets have been very receptive of aircraft lessors in recent years. Ishka looks at the 2018 activity and considers the possible trajectory of lessors' capital markets issuance in the near future. more
10/01/2019
in Lessors and Lease Rates , Capital Markets
LIBOR is dead; long live LIBOR
A wake has been scheduled for LIBOR, but is aviation ready for a new reference rate? more
02/01/2019
Fund watch: Sirius delays IPO; Ostrum seeks investors
Sirius Aviation Capital Holdings Limited, the Guernsey-based lessor launched by Ryanair’s ex-deputy CEO, Howard Millar, has delayed its IPO for the second time this month, while Ostrum Asset management launches a new aviation debt fund. more
07/12/2018
Could aviation finance attract ESG investors?
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
Vx Capital Partners prices freighter ABS
Vx Capital Partners, a leasing firm specialising in narrowbody freighter aircraft, has priced its debut securitisation, CARGO 2018-1, 100% backed by cargo aircraft. more
26/11/2018
Ishka NY Investival: Investors debate aircraft leasing risks and returns
An influx of capital penetrates the market for mid-life and older aircraft. more
12/11/2018
Start-up Zephyrus markets debut aircraft ABS
Ishka examines Zephyrus Aviation Capital Limited's debut $336.6 million securitization, Zephyrus Capital Aviation Partners 2018-1 Ltd (Z-CAP 2018 -1). more
01/10/2018
GECAS is first aircraft ABS issuer to use equity asset manager
Och-Ziff will manage the equity portion on GECAS’ START 2018-1 more
19/06/2018
in Lessors and Lease Rates , Capital Markets , Investor Education , Aircraft Finance Market
GECAS launches START 2018-1 ABS, Castlelake prices fifth ABS
Castlelake has priced its fifth aircraft ABS while GECAS is in the market with its eleventh aircraft securitisation. more
08/06/2018
FX issues dampen Korean investor demand
Cost of currency swaps is making senior debt uneconomic for Korean investors. more
31/05/2018
in Capital Markets , Aircraft Finance Market
Is new equity here to stay?
Ishka reports from ISTAT’s Asia event in Singapore. more
11/05/2018
in Capital Markets , Investor Education , Aircraft Finance Market
Aviation Schuldschein: NAC repeats issue, no new entrants
Nordic Aviation Capital returns to the Schuldschein market with a $105 million issuance. more
19/04/2018
Lack of transparency holds back aircraft ABS secondary market
A lack of hard information is keeping secondary investors away from a booming market. more
09/04/2018
UAE banks react to fewer Emirates and Etihad deliveries
Ishka reviews UAE aviation finance banks. more
04/04/2018
AFIC moves closer to the capital markets
Ishka researches how Marsh's private insurance product is evolving to support Jolco financings and bond issuances. more
29/03/2018
Update: Avolon prices Sapphire Aviation Finance I
Aircraft lessor Avolon has priced it second ABS. more
22/03/2018
Avolon returns to the ABS market with Sapphire 1
Aircraft lessor Avolon is in the market with a $768.4 million asset-backed securitisation backed by a portfolio of 41 mid-life aircraft. more
13/03/2018
Air Canada issues rare non USD EETC
Ishka examines the first Canadian dollar denominated EETC privately issued by Air Canada. more
06/03/2018
ABS Case Study: How was Emerald affected by last year’s airline bankruptcies?
Ishka looks at how Avolon’s Emerald Aviation Finance weathered two airline bankruptcies last year. more
27/02/2018
in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market
Wings Capital Partners boosts equity base
Ishka speaks with Steve Hannahs, Wings Capital’s CEO and founder, on the lessor’s equity rise and possible return to the ABS market. more
22/02/2018
Update: Issuers contemplate more aircraft ABS refinancings
Ishka investigates how issuers are exploring potential aircraft ABS refinancings, and not always for better coupons. more
19/02/2018
Aircraft ABS E-note sales look to pick up in 2018
Ishka reviews how equity investors are becoming increasingly engaged with aircraft securitisations. more
13/02/2018
What could burst the aviation finance bubble?
Financiers and lessors expect capital flows to continue to be drawn to aviation finance for 2018. more
26/01/2018
in Capital Markets , Investor Education , Aircraft Finance Market
HNA and Bohai troubles cast a shadow over Avolon
Investors are closely watching what might happen to the various subsidiaries and holdings under HNA Group’s complicated and highly opaque ownership structure, including aircraft lessor Avolon, as the firm faces continued fund-raising challenges. more
05/01/2018
Investing in Aviation Finance Germany
Nov 26, 2019
Sofitel Munich, Germany
Ishka's third German conference is moving to Munich in 2019! Connecting the international community with German institutional investors, stimulating activity within the market and fostering unparalleled networking opport...More info
Investing in Aviation Finance China
Dec 3, 2019
JW MARRIOTT HOTEL SHANGHAI AT TOMORROW SQUARE, China
Successfully navigating the aviation cycle
Trusted information for calculated decisions
Bespoke Ishka consultancy services
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