Airline state aid continues in 2022 with $2.12bn in the past six weeks
Pandemic-related state aid is still being provided to airlines in 2022, with $0.23 billion in confirmed measures since the start of the year and $2.12 billion since mid-December 2021. more
27/01/2022
A330 P2F waiting times drop by six months
The waiting times for two of the most popular A330 P2F (passenger to freighter) conversion programmes has decreased by six months from over five years in November 2021 to around four-and-a-half years today. more
26/01/2022
Aircraft leasing association ALI launches sector’s first ESG narrative
Trade association Aircraft Leasing Ireland (ALI) launched the sector's first joint ESG narrative last week, a major milestone for an industry that until now had few unified voices at the leadership level. more
24/01/2022
Remarketing Watch: Aircraft in storage down almost 41% since April
The number of aircraft in storage has fallen by almost 41% over the last nine months, according to Ishka research, as airlines react to the recovery in passenger demand, particularly in domestic markets. more
19/01/2022
in Aircraft Asset Profiles , Aircraft Finance Market
.svg.png)
15-year-old aircraft values, new lessor orders, final A320ceo family and A380 deliveries
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
18/01/2022
Support from lessors and states curb airline failures in 2021
Continued state support combined with reduced and deferred leases has helped limit the number of airline failures for a second year running, despite the severe impact of the pandemic on airline revenues. more
11/01/2022
Ishka invites 2021 Deals of the Year Award submissions
Ishka is now accepting submissions for its Deal of the Year Awards. The Ishka Deal of the Year Awards celebrate the best closed aircraft finance deals of 2021. more
10/01/2022
Prices stabilise for mid-life A320s and 737-800s
Ishka’s Pricing Benchmark Q3 2021 data charts lease rates and prices for eight-year-old and 16-aircraft old A320ceos and 737-800s. more
07/01/2022
in Aircraft Asset Profiles , Aircraft Finance Market
TrueNoord CEO: ‘We are ready’ for any potential NAC aircraft sales
Anne-Bart Tieleman, the CEO of regional aircraft lessor TrueNoord, states that the firm is “well- positioned” to potentially buy any aircraft that may emanate from rival lessor NAC’s restructuring process. more
04/01/2022
ELF CEO: Leased engine demand picks up, but Omicron knocks industry confidence
Engine Lease Finance (ELF) has seen an improvement in engine demand in the past three or four months, but uncertainty sparked by the new Omicron variant is “taking a little bit of the optimism out of that momentum,” says ELF President & CEO Tom Barrett. more
03/01/2022
Ishka Data Library: Latest data sheets on aviation finance
This page contains a selection of Ishka Insights’ latest downloadable data sheets on airline restructuring, aircraft remarketing, unsecured lessor debt, airline bonds, sale/leaseback and ESG, among others. more
01/01/2022
Season’s greetings from Ishka!
Ishka is taking a break over the Christmas holiday period. We wish to thank all of our readers for their support during 2021 which has been another extraordinary year as the industry adapts to the continued shocks of the pandemic and slowly recovers. Normal Insights service will resume in January. more
23/12/2021
Why FitzWalter’s ‘hyper-aggressive’ A350s sales process has shaken the JOL/JOLCO market
Ishka is aware that three French banks Credit Agricole Corporate & Investment Bank (CACIB), Natixis, and BNP Paribas, have sold senior debt portions on separate JOLs and JOLCOs they originated to investment fund FitzWalter Capital (FitzWalter). Sources state the investment fund is looking to acquire the aircraft at discount via a sales process, potentially at the expense of junior noteholders and Japanese equity holders. more
22/12/2021
5-year-old aircraft values, NAC files for Chapter 11, final A380 delivery
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
20/12/2021
2021 state aid tally at $57.6 bn, down one-third from 2020
This is the 51st updated summary of airline state aid during the Covid-19 crisis. Ishka estimates that as of 17th December 2021 governments have introduced $204.57 billion in assistance measures for air carriers globally, including sectoral package and airline-specific bailouts. more
17/12/2021
Remarketing Watch: Remarketers warn of Omicron PBH extensions
Remarketers warn some airlines might seek to extend power-by-the-hour (PBH) rental agreements by a further three or four months to help them deal with uncertainty and reduced cash flows caused by the Omicron coronavirus variant. more
16/12/2021
Omicron set to disrupt aviation recovery by at least 3 or 4 months
The Omicron coronavirus variant could delay the recovery in air travel by at least three or four months and could lead to more airline restructurings, warn aviation veteran forecasters independent consultant Dick Forsberg and MUFG’s head of aviation research Bert Van Leeuwen. more
15/12/2021
in Modelling and Forecasting , Aircraft Finance Market
Lessors look beyond conventional aircraft for ESG investments
Ishka has identified 12 investments by eight aircraft lessors, asset managers, or their parent companies over the past 12 months, with e-VTOLs, hydrogen, and SAF among the targeted activities. more
10/12/2021
ABL CEO discusses $800 million JV, returns and widebody aircraft
Ali Ben Lmadani, CEO of Ireland-based asset manager ABL Aviation, discusses the newly established joint venture (JV) with Ellington Management Group to acquire aircraft on behalf of a larger pool of investors. more
09/12/2021
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Lessors respond to new autumn sale/leaseback RFPs
Ishka reviews purchase prices and lease rate factors on recent sale/leasebacks. more
27/10/2021
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
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
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
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
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
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
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
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
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
Ishka+ 2022
Jan 1 - Dec 31, 2022
Returning in 2022 for its sophomore year! We will be bringing you a range of events, podcasts, videos and much more again - with the addition of the return of our famous Ishka Events! All of which will be available to wa...More info
Successfully navigating the aviation cycle
Trusted information for calculated decisions
Bespoke Ishka consultancy services
more
