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
So, how did we do? Ishka reviews its 2018 Vista forecast
Ishka assess whether its predictions for 2018 came to pass. more
18/01/2019
How big are the JOL and JOLCO markets?
Although JOLs and JOLCOs have been two of the most commonly used tax leases in the market in recent years, market chatter indicates an end to the days of plenty. more
15/01/2019
Reminder: Ishka invites Deals of the Year Award submissions
Ishka is now accepting submissions for its Deal of the Year Awards. more
13/01/2019
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
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
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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 , Ishka insights , 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
in Lessors and Lease Rates , Ishka insights , Capital Markets
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 Ishka insights , 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
in Lessors and Lease Rates , Ishka insights , Capital Markets
Aviation Schuldschein gathers momentum
Aviation Schuldschein issuances begin to pick up in 2017, but still only account for a tiny fraction of the wider Schuldschein market. more
20/11/2017
in News , Ishka insights , Capital Markets , Premium , Investor Education , Aircraft Finance Market
A growing pipeline of ABS - Ishka New York Conference
More lessors are seeking to issue aircraft asset backed securitisations (ABS), according to delegates at Ishka’s Investing in Aviation Finance Conference held last week in New York. more
24/10/2017
ABS optimism undented by spate of airline bankruptcies
Following the bankruptcies of Alitalia, Air Berlin, and Monarch Airlines, Ishka examines which ABS transactions are the most exposed. more
10/10/2017
in Ishka insights , Capital Markets , Aircraft Finance Market
Are ABS deals inflating asset prices?
Ishka reports on the Investor panel at this week’s ISTAT EMEA event held in Edinburgh. more
28/09/2017
Engine-backed securitisations: a new old frontier?
Ishka examines the recent history of engine-backed securitisations. more
14/07/2017
Spreading its Wings: Wings Capital Partners expands to Dublin
Ishka speaks with Wings Capital Partners founder, Stephen Hannahs, as the US lessor welcomes a new equity partner and boost its asset portfolio. more
02/07/2017
in Lessors and Lease Rates , Ishka insights , Capital Markets
Alitalia – a test case for the modern ABS
Ishka studies the key features of the top three ABS exposed to Alitalia to understand their structural protections for investor protection. more
16/06/2017
Steady as she goes: Capital markets update 2017 year-to-date
Ishka reviews recent trends within the capital markets for both lessors and airlines. more
19/05/2017
Lessors go unsecured
The major public lessors have reorganised their debt structure with unsecured notes now making up the bulk of their financing. more
10/05/2017
in Lessors and Lease Rates , Lessor finances , Ishka insights , Capital Markets
Will Schuldschein take off for aviation?
Following a series of aviation-related Schuldschein issuances in the past two years, Ishka’s two-part series examines how the German Schuldschein has emerged as the darling of the European private placement market. more
01/05/2017
Investor’s guide: What is Schuldschein?
Following a series of aviation-related Schuldschein issuances in the past two years, Ishka’s two-part series examines how the German Schuldschein has emerged as the darling of the European private placement market. more
26/04/2017
in Ishka insights , Capital Markets , Aircraft Finance Market
European investors warm to aviation
Key takeaways from Ishka’s London April Aviation Investor Conference. more
09/04/2017
2016 capital markets review: Investors embrace lessor deals
Ishka examines the various aviation finance capital market trends of 2016. more
14/02/2017
Reminder: Ishka Deals of the Year Awards submissions deadline
A reminder that the deadline for submissions for Ishka's Deals of the Years Awards is only a few weeks away. The Ishka Deal of the Year Awards celebrate the best closed aircraft financings of 2016. more
15/01/2017
in Ishka insights , Capital Markets , Aircraft Finance Market
Vietnam Airlines completes privatisation
The value of Vietnam Airlines increased 40% to $2.1 billion, paving the way for government divestment of 86% of the airline group. Shares rose 40% with its second public offering in as many months. ANA Holdings holds 8.8%, which Vietnam Airlines holds 70% in Jestar together with Qantas and 49% of Cambodia Angkor Air. more
09/01/2017
Southern Airlines Group Finance gets capital infusion
A $72 million cash infusion will go into Southern Airlines Group Finance Company as part of an agreement between China Southern Airlines and China Southern Air Holding Company (CSAHC) increasing the capital of the finance company to $144 million (CNY1 billion). The deal awaits government approval. China Southern will increase its stake in the financial unit from 21% to 25%, while the group holding 66%. more
09/01/2017
in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market
Qatar takes 10% stake in LATAM Airlines
Qatar Airways subsidiary Qatar Airways Investments (UK) completed the acquisition of 10% of LATAM Airlines as 2016 ended at $10 per share. more
09/01/2017
GoAir nixes IPO plans for now
India’s GoAir postponed its initial public offering saying it has to reach critical mass before making the move. It had planned a $150 million (INR10.22 billion) IPO as part of a plan for its parent company to reduce its stake in the company by 23%. more
09/01/2017
Alitalia gains new financial infusion
A new short-term financing, part of restructuring the loss-making Italian airline, was approved by creditors including UniCredit and Intesa Sanpaolo. The next step is to cut a deal with key stakeholders to develop a financing package that will determine whether or not the carrier survives. more
23/12/2016
China Southern interested in Air Kyrgyzstan stake
China Southern sent a letter of interest in acquiring a 49% stake in Air Kurgyzstan, according to Kyrgyzstan civil aviation authorities, which earlier called for such proposals for the ailing national carrier. more
23/12/2016
United Continental fleet reconsideration could hurt Boeing
The shift in United’s capital expenditures including the indefinite deferral of 61 Boeing 737s as well as other possible changes to the airline’s order book may end up hurting Boeing depending on the size of the ultimate cutback. United has about 200 Boeing aircraft on order the vast majority for the 737 MAX but it is also one of the largest customers for the Dreamliner. The airline has been converting some of its 787 orders to 777-300ERs providing a boost to that program. More concerning is statements that everything is on the table in the fleet reconsideration plans which could signal a shift to Airbus or an increase in the acquisition of used equipment. more
23/12/2016
in Aircraft Asset Profiles , Capital Markets , Aircraft Finance Market
$170mn IPO scheduled for VietJetAir
VietJetAir expects to raise $170 million through an initial public offering, now 95% owned by Nguyen Thi Phuong Thao. The company’s shares will be listed on the Ho Chi Minh City Stock Exchange in February when its valuation is expected to rise to $1.2 billion. The IPO is said to be over subscribed by 200%. more
22/12/2016
Bombardier completes note redemption
Bombardier Inc. redeemed all of its 5.50% Senior Notes due 2018. more
22/12/2016
Lufthansa acquires Brussels Airlines
Lufthansa will take over Brussels Airlines, crippled by the terrorist attacks earlier this year, further boosting Lufthansa’s budget division which has almost single-handedly consolidated the European low-fare market. The German carrier acquired 45% of Brussels Airlines in 2009, with an option to acquire the rest as part of an effort to expand Eurowings and better compete against Ryanair and easyJet. more
20/12/2016
The Aviation Investival Korea
Mar 21, 2019
FKI Tower 24, Korea
The only dedicated Korean aviation investor event returns to Seoul in March 2019 with some new twists and surprises.More info
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