Ishka insights: indispensable aviation data, analysis and opinion
Show:

Lessors book new aircraft orders and raise debt

BOC Aviation has ordered 70 Airbus A320neo family aircraft, along with 50 Boeing 737-8 aircraft. more

01/04/2025

in Lessors & Asset managers , Capital Markets , OEMs, Cargo & Engines

More aviation ABS promised but will tariffs disrupt promised pipeline?

After a rapid succession of commercial aircraft ABS came to market in the first few months of the year, issuance announcements have slowed. more

18/03/2025

in Lessors & Asset managers , Capital Markets

Capital Markets Update: Lessors raise $426 million in unsecured debt in February

Lessors raised approximately $426 million in unsecured capital markets debt in February. more

10/03/2025

in Lessors & Asset managers , Capital Markets

Update: New Gilead and Altavair ABS issuances price

Two recently marketed aircraft lease ABS issuances from Gilead (the Pimco-AerCap JV) and Altavair have now priced. more

21/02/2025

in Lessors & Asset managers , Capital Markets

Altavair markets debut $582.88 million aircraft lease ABS issuance

Altavair is in the market with its debut $582.88 million aircraft lease ABS issuance, ALTDE 2025-1. more

14/02/2025

in Lessors & Asset managers , Capital Markets

Update: Castlelake's CLAS 2025-1 prices

Castlelake’s recent $819.75 million CLAS 2025-1 aircraft lease ABS has priced with yields of 5.85% and 6.5% on its series A and B notes respectively. more

10/02/2025

in Lessors & Asset managers , Capital Markets

Gilead markets $600 million aircraft lease ABS GHOST 2025-1

Gilead, the Pimco-AerCap JV, is in the market with a $600 million aircraft lease ABS. more

10/02/2025

in Lessors & Asset managers , Capital Markets

Capital Markets update: Lessors raise $2.5 billion in January

Lessors issued $2.5 billion in unsecured capital markets debt in January, with issuances from AerCap, BOC Aviation, and Aircastle. more

06/02/2025

in Capital Markets

Castlelake markets $819.75 million CLAS 2025-1 ABS

US fund manager and leasing firm Castlelake, L.P. is in the market with an $819.75 million aircraft lease ABS, Castlelake Aircraft Structured Trust 2025-1. more

05/02/2025

in Lessors & Asset managers , Capital Markets

Carlyle ABS prices, Boeing’s plan to lift FAA MAX production limit

The first aircraft ABS issuance of 2025, Carlyle Aviation Partners’ AASET 2025-1, has priced with yields of 6.017% and 6.667% for the A-1 and B-1 tranches respectively. more

30/01/2025

in Capital Markets , OEMs, Cargo & Engines

Carlyle markets $518.3 million AASET 2025-1 ABS

Carlyle Aviation Partners is back in the market with the first commercial aircraft ABS of 2025, the $518.3 million AASET 2025-1. more

27/01/2025

in Lessors & Asset managers , Capital Markets

Lessors tap bond markets for $24 billion in 2024

AerCap was again the big bond issuer of the year in 2024, with $4.65 billion raised on the unsecured bond market. more

10/01/2025

in Lessors & Asset managers , Capital Markets

Capital Markets Update: November issuance scarce, RRPF upsizes secured notes offering

November was an exceptionally muted month for lessor unsecured debt issuance, with CMB Financial Leasing the sole issuer. more

09/12/2024

in Lessors & Asset managers , Capital Markets

Ishka 2024 Deals of the Year Award submissions now open!

Ishka is now accepting submissions for its Deal of the Year Awards. The Ishka Deal of the Year Awards celebrate the best-closed aircraft financings of 2024. more

06/12/2024

in Capital Markets , Other , Aviation Banks and Lenders

Aviation ABS trading levels: November 2024

105 aviation ABS tranches tracked by Ishka traded in the last 90 days, accounting for 444 individual trades. more

28/11/2024

in Lessors & Asset managers , Capital Markets

volofin to return to ABS market in 2025/ WNG shortlists bids

Aviation alt lender volofin anticipates tapping the aircraft loan ABS again in 2025 while aircraft and engine lessor WNG is in the process of evaluating second-round bids for a portfolio of mid-life aircraft and engines. more

25/11/2024

in Aircraft values, Lease Rates & Returns , Capital Markets

Update: volofin prices debut aircraft loan ABS - vFin 2024-1

Alternative aircraft lender volofin Capital Management Ltd (volofin) prices debut $507.2 million aircraft loan ABS: vFin 2024-1. more

20/11/2024

in Capital Markets

Capital Markets Update: Muted month for lessors, airlines issue over $3 billion in secured debt

October was a muted month for lessor capital markets activity, with just $560 million raised in unsecured debt across three issuances. more

04/11/2024

in Capital Markets

ABS C-notes and retirement bow-wave debate - takeaways from Ishka New York

Two key panel session takeaways from Ishka Aviation Investival: North America, which took place in New York on Tuesday 15th October 2024. more

22/10/2024

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Capital Markets , OEMs, Cargo & Engines

Activist hedge funds target aircraft ABS C notes

Hedge funds and specialist funds that targeted distressed C notes and subordinated notes in aircraft ABS are mounting campaigns to push securitisation boards to sell aircraft assets, Ishka understands. more

10/10/2024

in Capital Markets

Capital Markets Update: lessors raise $4.2 billion in September

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

ISTAT EMEA: 2024 – a bumper year for aircraft ABS?

There may be more aircraft ABS this year say sources, but rates need to drop for C and E notes to work. more

26/09/2024

in Capital Markets

New loans for Castlelake and Abelo, Airlines upgauge orders

Ishka's Transaction Update is a report series looking at essential trends, recent deal flow, and key announcements within aviation and aircraft leasing... more

25/09/2024

in Lessors & Asset managers , Capital Markets , Aviation Banks and Lenders

New aircraft ABS notes achieve yields below 5.5%

Senior notes for new aircraft ABS deals are scoring yields below 5.5%, as investors warm to the asset class. September saw a flurry of activity as three aircraft lease securitisations and one aircraft loan ABS came to market, all of which have priced in the last 10 days. more

20/09/2024

in Aircraft values, Lease Rates & Returns , Capital Markets

On Watch: Canada Jetlines suspends operations, Delhi High Court upholds order for SpiceJet to return engines

Leisure carrier Canada Jetlines has called it quits less than two years into launching services amid mounting financial challenges, while in India, SpiceJet faces another legal challenge after defaulting on lease payments for three engines. more

13/09/2024

in Lessors & Asset managers , Capital Markets

DAE and SKY join Autumn rush of aircraft ABS

Two aircraft lessors, Dubai Aerospace Enterprise (DAE) and Sky Leasing (Sky) are currently in the market with separate aircraft ABS as the public aircraft ABS market shows signs that it might finally be returning in earnest. more

12/09/2024

in Lessors & Asset managers , Capital Markets

Capital markets update: AerCap leads early September issuances after quiet August

Lessors tracked by Ishka raised $650 million in unsecured capital markets debt in August. more

11/09/2024

in Capital Markets

Aviation ABS trading: recent issues trade above par, Carlyle issues more notes in August

97 aviation ABS tranches tracked by Ishka traded in the last 90 days, accounting for 356 individual trades. more

05/09/2024

in Capital Markets

BBAM launches Horizon 2024-1 ABS

Aircraft asset manager BBAM is in the market with a $556 million aircraft, ABS Horizon 2024-1. The new single note deal will be used to acquire a portfolio of 17 new-tech narrowbody aircraft assets. more

04/09/2024

in Lessors & Asset managers , Capital Markets

Market snapshot: Trading levels, interest rates, and unsecured debt issuances

Ishka's market snapshot data sheet brings together key trends and figures in the aviation finance space. more

22/08/2024

in Lessors & Asset managers , Capital Markets

Aviation ABS Trading: A benign environment for new issuers?

117 aviation ABS tranches tracked by Ishka traded in the last 90 days, accounting for 464 individual trades. more

19/07/2024

in Lessors & Asset managers , Capital Markets

AIP Capital raises debt as it eyes 737 MAX expansion

AIP Capital is in the process of raising fresh debt, after changing shareholders, as it looks to finance its managed order of incoming 737 MAXs and purchase aircraft on the secondary market. Ishka speaks with AIP Capital's management team. more

17/07/2024

in Lessors & Asset managers , Capital Markets

Aviation ABS trading: over a billion in securities traded in last three months

107 aviation ABS tranches tracked by Ishka traded in the last 90 days, accounting for 417 individual trades. more

17/06/2024

in Capital Markets

PK AirFinance launches aircraft loan ABS PKAIR 2024-1

Alternative aircraft lender PK AirFinance is in the market with a $622.3-million aircraft loan ABS: PKAIR 2024-1. Proceeds from the notes will be used to acquire a portfolio of 27 airline aircraft loan facilities, financing 122 aircraft and engines. more

13/06/2024

in Capital Markets

Capital Markets Update: $1.677 billion issued by lessors in May

Lessors tracked by Ishka issued $1.677 billion in unsecured debt in May. more

10/06/2024

in Lessors & Asset managers , Capital Markets

Carlyle returns to public ABS market with AASET 2024-1

Aircraft asset manager Carlyle Aviation Management Limited (Carlyle) is in the market with a $428.1 million aircraft ABS, making it the first public commercial aircraft securitisation to test the ABS market in two years. more

04/06/2024

in Capital Markets

Capital Markets Update: $3 billion raised by lessors in April

Just over $3 billion was issued in April by lessors tracked by Ishka, bringing the total issued so far in 2024 to $9.12 billion. more

03/05/2024

in Lessors & Asset managers , Capital Markets

Stan Chart inks GIFT City aircraft loan, Global Jets prices BJETS 2024-1

Ishka examines a GIFT City financing for Indian carrier Vistara, and looks at the pricing for Global Jet Capital's seventh ABS, BJETS 2024-1. more

26/04/2024

in Capital Markets , Aviation Banks and Lenders

Capital Markets Update: SMBC Aviation Capital issues $1.5 billion, ALC completes first euro issuance

Lessors issued $1.43 billion in March, a marked increase from February’s $349 million. more

04/04/2024

in Capital Markets

Capital Markets Update: Lessors issue $4.7 billion in January and February

Lessors raised $4.7 billion in unsecured issuances in January and February in a strong start to the year for leasing firm activity in the capital markets. more

01/03/2024

in Capital Markets

Sust Finance 2023 round-up: Deals grow with Air France-KLM well ahead of others

Sustainable finance deals in aviation involving airlines and lessors or with aircraft as a collateral grew once again in 2023, matching the approximate 60% annual growth rate of the preceding year. more

06/02/2024

in ESG & Regulation , Capital Markets , Aviation Banks and Lenders

Dublin Takeaways: Traders share their optimism, Boeing’s woes, and could the aircraft ABS market return this year?

Ishka looks at some of the key talking points from aircraft investors on the aviation finance market last week in Dublin. more

02/02/2024

in Lessors & Asset managers , Capital Markets , OEMs, Cargo & Engines

Ashland seeks to be a serial issuer as it prices debut ABS

Aviation alternative lender Ashland Place Finance (Ashland) has priced a debut $324.3 million aircraft loan ABS, Ashland 2023-1 which was oversubscribed. more

12/12/2023

in Capital Markets , Aviation Banks and Lenders

Ishka 2023 Deals of the Year Award submissions now open!

Ishka is now accepting submissions for its Deal of the Year Awards. The Ishka Deal of the Year Awards celebrate the best-closed aircraft financings of 2023. more

08/12/2023

in Aircraft values, Lease Rates & Returns , Capital Markets , Aviation Banks and Lenders