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10-year-old aircraft values, more WBs return to service, LOT plans 50 RJ order

This is a series of supplements to Ishka’s ‘Transaction Economics’ service. It delivers ‘the Ishka View’ on events that have a bearing on the near-term performance of aircraft values, lease rates, and the market dynamics that matter, under today’s market environment. more

06/12/2021

in Aircraft Finance Market

Asset managers Q3 2021 update

Ishka’s datasheet provides an overview of aircraft asset managers’ Q3 2021 updates including deal activity and market moves. more

02/12/2021

in Aircraft Finance Market

ESG data sheet: Green financing for aircraft

Ishka’s first ESG data sheet provides an overview of green or sustainable aircraft finance to date. more

01/12/2021

in Investor Education , Aircraft Finance Market

Influx of lessor conversions compresses 737-800 freighter lease rates

Boeing 737-800 converted freighter lease rates are falling, driven by an increasing number of lessors with P2F 737-800s looking to place the aircraft, sources tell Ishka.. more

30/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

Aviation banks cautiously return for new deals

After a largely stagnant 18 months, with either severely reduced lending volumes or, in some cases no ability to lend at all, more aviation banks appear to be chasing mandates for new secured aircraft deals. more

26/11/2021

in Aircraft Finance Market

EU state aid framework extended to mid-2022, KLM and BA get support

This is the 50th updated summary of airline state aid during the Covid-19 crisis. Ishka estimates that as of 25th November 2021 governments have introduced $204 billion in assistance measures for air carriers globally. more

25/11/2021

in Airline Profiles , Aircraft Finance Market

Unsecured debt data sheets: Q4 QTD lessor and airline bond issuances

Lessors have issued nearly $3.5 billion in unsecured debt in the first six weeks of the fourth quarter in addition to AerCap’s record $21 billion issuances. Airline issuances QTD are $5.36 billion. more

24/11/2021

in Lessors and Lease Rates , Airline Profiles , Aircraft Finance Market

Remarketing Watch: Fixed lease rates returning for A320s and 737 NGs

New operating leases for Boeing 737 NGs and Airbus A320ceos are returning to fixed lease rates, rather than power-by-the-hour (PBH) terms, according to third-party aircraft remarketers and lessors. more

23/11/2021

in Aircraft Asset Profiles , Aircraft Finance Market

15-year-old aircraft values, first A350F order, round-up of Dubai Airshow

This is a series of supplements to Ishka’s ‘Transaction Economics’ service. It delivers ‘the Ishka View’ on events that have a bearing on the near-term performance of aircraft values, lease rates, and the market dynamics that matter, under today’s market environment. more

22/11/2021

in Aircraft Finance Market

ISTAT Americas: Lessor CEOs react to low SLB LRF rumours, warn of potential 2024 NB shortage

Lessor CEOs expressed “confidence” in current-tech single-aisle aircraft retaining value at the ISTAT Americas conference in Austin earlier this week. Ishka provides a summary of the key talking points. more

18/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

European airlines post improved Q3 results ahead of Covid spikes

This report is an excerpt from Ishka’s Airline Credit Profiles (ACP) subscription-based service. It delivers ‘The Ishka View’ on the near-term performance of airlines under today’s extraordinary market circumstances. more

17/11/2021

in Airline Profiles , Aircraft Finance Market

Lessor CEOs: Narrowbodies lead lease rate recovery

Ishka reviews some of the key market concerns raised by AerCap, Aircastle and Air Lease Corporation (ALC) in their recent earnings calls, including rent deferral requests, aircraft values and lease rates and the secondary market. more

15/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

AerCap Q3 2021: Profit, lease rate recovery in last pre-merger quarter

AerCap ended its last pre-GECAS merger quarter with some of its strongest results to date, including $434 million of net income. more

12/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

Remarketing Watch: Investors delist older widebodies for winter

Ishka research finds that the number of advertised older widebodies has fallen by 24% in October. more

09/11/2021

in Aircraft Asset Profiles , Aircraft Finance Market

ALC Q3 2021: Plueger claims ‘lease rates rising for new aircraft types’

ALC CEO John Plueger stated in the lessor’s Q3 2021 earnings call that single-aisle lease rates are “rising” due to “strong” demand for narrowbody aircraft and a lack of supply. The lessor chief stated demand is particularly high for Airbus A320neos and A321neos, with lease rates “above pre-pandemic levels.” more

08/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

5-year-old aircraft values, DAE’s results, AerCap completes GECAS purchase

This is a series of supplements to Ishka’s ‘Transaction Economics’ service. It delivers ‘the Ishka View’ on events that have a bearing on the near-term performance of aircraft values, lease rates, and the market dynamics that matter, under today’s market environment… more

07/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

Sale/leaseback Q3 2021 data sheet

Ishka’s data sheet provides a new quarterly excel summary of recent sale/leaseback transactions and key metrics. more

04/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

GOAL MD Jochen Baltes: ‘A strong sellers’ market… but it will balance’

GOAL Aircraft Leasing MD Jochen Baltes discusses the current "sellers' market" where selling assets "makes total sense", but believes it will balance out. more

03/11/2021

in Lessors and Lease Rates , Aircraft Finance Market

Avenue prices older aircraft ABS Stellar 2021-1

PE firm Avenue Capital Group (Avenue) has sponsored a $255 million ABS transaction, Stellar 2021-1, which will be used to acquire 21 aircraft. Deucalion Aviation Limited is the servicer for the ABS. more

02/11/2021

in Capital Markets , Aircraft Finance Market

Confirmed state aid surpasses $200 billion with eight additions

The tally of confirmed bailouts grew by $2.24 billion since the last tally update on 30th September 2021, taking Ishka's confirmed total to $201.02 billion. more

28/10/2021

in Airline Profiles , Aircraft Finance Market

Lessors respond to new autumn sale/leaseback RFPs

Ishka reviews purchase prices and lease rate factors on recent sale/leasebacks. more

27/10/2021

in Lessors and Lease Rates , Aircraft Finance Market

Ishka+ NY: Could a tough SLB market drive lessor consolidation? Will ‘fickle’ PE investors stick with leasing?

Ishka reviews some of the key talking points from the virtual Ishka+ North America conference held last week. more

26/10/2021

in Capital Markets , Aircraft Finance Market

UK lays out green finance roadmap, new SAF plans ahead of COP26

The UK has signalled that some upcoming green finance eligibility requirements will be based on the EU Taxonomy, bolstering the international significance of efforts to add aviation to the EU Taxonomy. more

25/10/2021

in Regulatory and Accounting , Aircraft Finance Market

Remarketing Watch: US majors snap up MAX inventory

Boeing is on track to clear its inventory of ‘built but not delivered’ 737 MAXs, with many of the aircraft being placed with US major airlines, believed to be at discounted prices. more

21/10/2021

in Aircraft Asset Profiles , Aircraft Finance Market

Aviation court claims down 50% since April, Doric and DAE file new cases

Claims related to aviation at the London Commercial Court have halved since March 2021 amid the ongoing air travel recovery, with one litigation lawyer saying lessors are now much more willing to negotiate. more

15/10/2021

in Lessors and Lease Rates , Aircraft Finance Market

Investors turn to ‘black market’ for P2F conversion slots

Investors could face up to a four-year wait for some P2F conversions, leading some to turn to a ‘black market’ to trade conversion slots with other airlines or lessors, sources have told Ishka. more

14/10/2021

in Aircraft Finance Market

15-year-old aircraft values, industry commits to net-zero carbon emissions by 2050 and airlines opt for larger narrowbodies

This is a regular series from Ishka’s ‘Transaction Economics’ service. It delivers ‘the Ishka View’ on events that have a bearing on the near-term performance of aircraft values, lease rates, and the market dynamics that matter under today’s market environment. more

11/10/2021

in Airline Profiles , Aircraft Finance Market

ISTAT CEO panel: Slattery slams widebody orders, lessors warn more airlines could fold in SE Asia

From widebody regrets to second-guessing AerCap’s asset disposals, Ishka provides a summary of the key talking points from the lessor CEO panel at the ISTAT EMEA 2021 conference in Edinburgh this week. more

07/10/2021

in Lessors and Lease Rates , Aircraft Finance Market

ISTAT EMEA 2021: ‘Screaming silence’ when it comes to aircraft trades

Aircraft lessors and part-out firms talking to Ishka this week at the ISTAT EMEA 2021 conference in Edinburgh, complain about the surprisingly limited number of old and new aircraft being offered for sale. more

06/10/2021

in Aircraft Finance Market

Airline bookings rise as US border reopens, EU and US capacity falls

This report is an excerpt from Ishka’s Airline Credit Profiles (ACP) subscription-based service. It delivers ‘The Ishka View’ on the near-term performance of airlines under today’s extraordinary market circumstances. more

04/10/2021

in Airline Profiles , Aircraft Finance Market

PAL details 17 aircraft rejections, Air Mauritius lessors back 65% debt cut

In this week’s Restructuring Watch report, Ishka provides updates on airlines from Ishka’s Restructuring list. As of this update, Ishka notes 11 airlines have ceased operations and 20 are undergoing formal court-led restructuring processes initiated since the onset of the Covid-19 pandemic. more

01/10/2021

in Airline Profiles , Aircraft Finance Market

EU confirms $1.59 billion for relaunched Alitalia (ITA), PIA gets bailout

This is the 48th updated summary of airline state aid during the Covid-19 crisis. Ishka estimates that as of 30th September 2021 governments have introduced $198.78 billion in assistance measures for air carriers. more

30/09/2021

in Airline Profiles , Aircraft Finance Market

PE firms move into the aviation lending ‘gap’, Apollo mulls second CLO

Lessors state that a wave of new aviation lenders - many of which were established in the last 18 months and are backed by private equity and money managers - have helped reduce the cost of financing for acquiring aircraft. more

28/09/2021

in Aircraft Asset Profiles , Aircraft Finance Market

5-year-old aircraft values, US borders reopening and Boeing’s market outlook

This is a regular series from Ishka’s ‘Transaction Economics’ service. It delivers ‘the Ishka View’ on events that have a bearing on the near-term performance of aircraft values, lease rates, and the market dynamics that matter under today’s market environment. more

27/09/2021

in Airline Profiles , Aircraft Finance Market

Investor interest for A220-300s intensifying but surveyed prices hold

Aircraft investor interest in the Airbus A220-300 is intensifying with many players keen to acquire aircraft, according to Ishka’s Pricing Benchmark. more

24/09/2021

in Aircraft Asset Profiles , Aircraft Finance Market

Remarketing Watch: Remarketers prep for Autumn repo rise

Aircraft remarketers are expecting an increase in lessor and bank-led repossessions in the second half of the year. more

23/09/2021

in Lessors and Lease Rates , Aircraft Finance Market

Arena CEO discusses growth and why his firm is investing in hydrogen aircraft tech

Amsterdam-based asset manager Arena Aviation Capital (Arena) is seeking to increase its aircraft portfolio from around 70 aircraft to around 100 aircraft. more

21/09/2021

in Lessors and Lease Rates , Aircraft Finance Market

Special focus on China’s ‘Big Three’, AirAsia suffers revenue hit while Pegasus’ capacity eclipses 2019 figures

This report is an excerpt from Ishka’s Airline Credit Profiles (ACP) subscription-based service. It delivers ‘The Ishka View’ on the near-term performance of airlines under today’s extraordinary market circumstances. more

20/09/2021

in Airline Profiles , Aircraft Finance Market

Avianca's share price plummets, PAL receives court approval

Avianca Holdings has received Bankruptcy Court approval to send its proposed plan of reorganisation to creditors for a vote, according to a court filing on 14th September. more

17/09/2021

in Airline Profiles , Aircraft Finance Market

PE funds and new lessors help drive recent aircraft trading

Lessors state that a wave of capital from new and existing investors is driving down margins, particularly for sale/leasebacks, but has also helped resuscitate the trading of leased aircraft. more

16/09/2021

in Capital Markets , Aircraft Finance Market

Stratos contemplates second ABS and discusses 100+ aircraft target

Monaco-headquartered asset manager Stratos is seeking to increase its 41-aircraft portfolio to 60 aircraft by the end of 2021, and potentially over 100 aircraft after 18 months via the addition of narrowbodies and a handful of widebodies. more

15/09/2021

in Lessors and Lease Rates , Aircraft Finance Market

AeroCentury, a short-squeeze standout, exits Ch. 11 with Chinese investors

California-based regional aircraft lessor AeroCentury had its proposed Chapter 11 plan approved. In the meantime, Ishka notes the lessor has been attracting unusual interest from amateur investors. more

14/09/2021

in Lessors and Lease Rates , Aircraft Finance Market

10-year-old aircraft values, pickup in B777 P2F conversions and Ryanair-Boeing MAX 10 talks break down

This is a regular series from Ishka’s ‘Transaction Economics’ service. It delivers ‘the Ishka View’ on events that have a bearing on the near-term performance of aircraft values, lease rates, and the market dynamics that matter under today’s market environment. more

13/09/2021

in Aircraft Finance Market

An uneven playing field: The reduced level of state support for regional aircraft operators

Regional aircraft are half as likely to be operated by airlines benefitting from state support compared to larger aircraft, an analysis based on Ishka’s state aid tally shows. more

10/09/2021

in Aircraft Asset Profiles , Aircraft Finance Market

Turboprop lessor Elix launches asset management service

Ishka speaks with Elix Aviation COO John Moore about the firm’s expansions plans, as well as values and lease rate trends for turboprops. more

09/09/2021

in Lessors and Lease Rates , Aircraft Finance Market

Asia-Pacific’s travel boom, special focus: Qantas and Air New Zealand falling revenues

This report is an excerpt from Ishka’s Airline Credit Profiles (ACP) subscription-based service. It delivers ‘The Ishka View’ on the near-term performance of airlines under today’s extraordinary market circumstances. more

07/09/2021

in Airline Profiles , Aircraft Finance Market

Remarketing Watch: Small positive steps as stored aircraft fall by 11%

More aircraft are continuing to come out of storage as airlines react to a slow return in passenger demand, according to Ishka research. more

03/09/2021

in Lessors and Lease Rates , Aircraft Finance Market

Castlelake explores possible CLO as it expands financing book

US lessor Castlelake is exploring a potential collaterised loan obligation (CLO) based on aircraft loans which could make it the first entity to create a publicly-traded CLO for the asset class, as it expands its aircraft financing division. more

02/09/2021

in Capital Markets , Aircraft Finance Market

Investors face a four-year wait for key freighter conversion slots

Freighter conversion slots are in such high demand that some investors could face up to a four-year wait for a conversion slot for some of the most popular conversion programmes for troubled assets such as the A330. more

02/09/2021

in Aircraft Asset Profiles , Aircraft Finance Market

airBaltic secures $106 million aid while Pegasus, TAP and El Al request more support

This is the 47th updated summary of airline state aid during the Covid-19 crisis. Ishka estimates that as of 31st August 2021 governments have introduced $195.89 billion in assistance measures for air carriers globally, including sectoral package and airline-specific bailouts. more

31/08/2021

in Airline Profiles , Aircraft Finance Market

Transaction Economics

Transaction Economics – Aircraft Values and Trading Data

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Ishka Advisory – Airline Restructuring

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