Aviation credits have been quiet in the public debt markets but airlines and lessors have been actively issuing bespoke private aircraft securitisations using 4(a)(2) structures, US investors tell Ishka. more
01/11/2022
Aircraft lessors are being offered competitive terms for new aircraft warehouse facilities by several key aviation investment banks, confide financiers, despite the fact that the aircraft ABS market has been effectively shut for new issuers since the Russian invasion of Ukraine. more
16/09/2022
Japanese aviation deal arrangers are hopeful that the country’s upcoming international reopening will help local lenders regain confidence in the industry, stated delegates at Ishka’s Investing in Aviation Finance: Japan conference held in Tokyo last week. more
13/09/2022
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Risk-adjusted margins rise for new secured aircraft loans as banks pass on rising funding costs to lessors and airlines. more
09/09/2022
Alternative lenders (alt lenders) have benefitted from the shake-up in aircraft financing caused by the pandemic, and are continuing to win finance mandates, according to Ishka research. more
01/09/2022
in Aircraft values, Lease Rates & Returns , Aviation Banks and Lenders
Unlevered returns for new-technology aircraft sale/leasebacks have suffered a significant drop from Q1 2021 to Q1 2022, according to Ishka research, after briefly spiking during the pandemic. more
14/07/2022
in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Aviation Banks and Lenders
Air France will make sustainable finance a “strong preference” in future aircraft financing RFP processes following the closure of three sustainability-linked transactions earlier this year, Ishka can reveal. more
01/07/2022
Ishka summarises recent developments in the cargo space, including P2F conversion news, waiting times and costs, freighter transactions, and cargo market updates. more
23/06/2022
Asset managers have been active so far in Q2 2022 with several announced aircraft transactions, asset financing agreements, and staff hires. more
14/06/2022
Rising interest rate swap costs and an ongoing freeze in the aircraft ABS market are slowing the trading of leased aircraft, say lessors. more
10/06/2022
Southeast Asian carriers are once again in the spotlight after Thai AirAsia X filed for bankruptcy protection on 17th May 2022 and Garuda Indonesia secured an extension to its restructuring proceedings for a third time. more
09/06/2022
This is the 56th updated summary of airline state aid during the Covid-19 crisis. Ishka estimates that as of 7th June 2022 governments have introduced $210.87 billion in assistance measures for air carriers globally, including sectoral package and airline-specific bailouts. more
07/06/2022
This is the 76th in 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
06/06/2022
Rising interest rates and a series of successive shocks to the aviation sector including the pandemic and the Ukraine conflict has reduced potential buyer appetite for new subordinate aircraft ABS notes, warn capital market sources. more
01/06/2022
Ishka understands that three airlines have successfully agreed short sale/leasebacks (SLBs) with a lease length of eight years for new deliveries of new-tech narrowbodies and a turboprop compared to the typical lease term of ten-to-12 years. more
31/05/2022
in Lessors and Lease Rates , Aircraft Finance Market
Investors face increased costs and longer waiting times for passenger to freighter (P2F) conversions due to the global supply chain crisis with material prices soaring as much as 10% in some cases, sources tell Ishka. more
27/05/2022
in Aircraft Asset Profiles , Aircraft Finance Market
Lessors have recognised $5.62 billion in impairments related to leased aircraft, and some engines, that remain in Russia, according to Ishka research based on figures from eight lessors and one asset manager. more
25/05/2022
Issuer retreat, with the slowest start to a quarter for lessor bond issuances and airline unsecured volumes half of those in the first six weeks of Q1 2022. more
24/05/2022
This is the 75th in 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
23/05/2022
Aircraft lessors are concerned that insurers and reinsurers may decline to offer contingency coverage for countries deemed politically risky, including China, following billions of dollars in lodged claims by lessors for aircraft trapped in Russia. more
20/05/2022
in Lessors and Lease Rates , Aircraft Finance Market
AerCap swung to a net loss of $2 billion in the first quarter after registering $2.7 billion in costs relating to the Ukraine Conflict, dampening an otherwise strong quarter propelled by a “positive demand environment.” more
19/05/2022
This is the 55th updated summary of airline state aid during the Covid-19 crisis. Ishka estimates that as of 18th May 2022 governments have introduced $209.89 billion in assistance measures for air carriers globally, including sectoral package and airline-specific bailouts. more
18/05/2022
Aircraft lessor SMBC Aviation Capital announced it plans to acquire Dublin-based rival Goshawk Aviation which, if regulatory approval is obtained, will make it the second-largest aircraft lessor by number of aircraft. more
17/05/2022
Ishka Insights subscribers can now download past data sheets and associated datasets from one convenient place: the Insights Data Library. more
13/05/2022
Air Lease Corporation (ALC) reported a $469 million loss for the quarter after it wrote off $802 million in relation to its owned and managed fleet located in Russia. more
10/05/2022
This is the 74th in 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
09/05/2022
The second edition of the Ishka View Extra: ESG and Sustainable Aviation examines developments during March, April, and early May. more
05/05/2022
Net aircraft orders for the two largest OEMs have begun to recover for the first time since the onset of the pandemic as passenger demand improves and travel restrictions ease. more
04/05/2022
Lessors and asset managers have gone from zero to over 1,225 e-VTOL commitments in under 12 months, marking the incursion of aircraft leasing into a new domain - but their decarbonisation role may be limited. more
29/04/2022
Lessors are bracing themselves for legal battle over insurance claims for aircraft trapped in Russia, with some having already submitted claims, explain several sources to Ishka. more
28/04/2022
This is the 73rd in 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
25/04/2022
Aircraft impairments recorded by 11 lessors analysed by Ishka totalled $738 million in the 2021 financial reporting period, around half of the $1.5 billion recorded by the same lessors in 2020. more
14/04/2022
Several European aviation bankers confirm to Ishka that their funding costs increased in the first quarter of 2022 in the wake of rising interest rates and general market volatility in the capital markets following the Russian invasion of Ukraine. more
12/04/2022
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
11/04/2022
Aeromexico emerged from Chapter 11 bankruptcy process on 17th March 2022, after 20 months of financial restructuring. Elsewhere, LATAM continues to be at odds with some of its unsecured creditors. more
08/04/2022
This is the 54th updated summary of airline state aid during the Covid-19 crisis. Ishka estimates that as of 7th April 2022 governments have introduced $208.95 billion in assistance measures for air carriers globally, including sectoral package and airline-specific bailouts. more
07/04/2022
Ishka summarises some of the key takeaways from its first ESG-dedicated conference held last week in London, as well as ESG concerns by investors and lenders during the prior investor-focused event. more
06/04/2022
Lessors and asset managers confide that the Russian-Ukrainian war has prompted internal credit committees to “reassess all emerging market risk”, contrary to efforts by some large leasing entities to downplay the effects of the Russian invasion. more
05/04/2022
AerCap is expecting a “timing mismatch” between an impairment on assets that remain in Russia (and possibly some removed from Russia) and recoveries from related insurance claims worth $3.5 billion. more
01/04/2022
High-level EU aviation stakeholders at a conference in Brussels this week shared that growing attention is being paid to the non-CO2 effects of aviation, which until now have taken a backseat in environmental policies for the sector. more
30/03/2022
From sustainable aviation fuel (SAF) prices to capacity developments, Ishka provides a summary of some of the points covered in its latest SAF webinar with Argus Media. more
29/03/2022
Aircraft remarketers talking to Ishka state that the costs associated with leased aircraft trapped in Russia due to Western sanctions following the Russian invasion of Ukraine could take years to resolve. more
29/03/2022
This is the 71st in 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
28/03/2022
Impact, a new aviation finance association dedicated to achieving Net Zero CO2 emissions by 2050, has announced its founding board and president as it formally launches this week. more
24/03/2022
The continuing Russian invasion of Ukraine has caused the aircraft ABS market to freeze as investors and ABS sponsors digest how the crisis will impact the aircraft leasing sector. more
23/03/2022
Ishka examines aviation insurance policies and reflects on the potential outcomes for aircraft lessors exposed to Russian airlines following the Ukraine invasion. more
18/03/2022
This is the first in a series of special supplements delivering ‘The Ishka View’ on aviation ‘Environmental, Social, Governance’ (ESG) and other sustainability developments. more
17/03/2022
In this second edition of Ishka’s ESG data sheet, we expand our coverage to include all publicly-announced airline or aircraft-related green and sustainability-linked financings to date. more
15/03/2022
Ishka looks at some of the key discussion topics from the ISTAT Americas 2022 conference last week, including the Russia-Ukraine conflict, a competitive sale/leaseback market, rising interest rates and ESG. more
14/03/2022
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 and lease rates. more
14/03/2022
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