Falko closes $650 million regional aircraft fund
Regional lessor Falko has closed its second aircraft equity fund at $650 million, away from what it describes as a "crowded" Airbus and Boeing market. more
23/08/2019
What are the tax implications of GATS?
GATS aspires to make the use of trusts in aviation widespread, but how will uptake of trusts impact lessor and airline tax analysis? more
16/08/2019
ALC rejigs future fleet mix even as OEM problems linger
ALC's ambitious plans for doubling its fleet over five years are bearing fruit but its strategic targeting of 737 MAX is proving problematic. more
15/08/2019
Aircraft funds should be wary as courts rule against ‘tax treaty shopping’
In a guest Insight, PwC Ireland examines the increasing judicial scrutiny towards treaty-based tax planning and what it may mean for aircraft lessors and investors. more
09/08/2019
Fund watch: Natixis exits Airborne Capital, PK AirFinance attracts buyers
Ishka examines the latest news for Airborne Capital and PK AirFinance. more
05/08/2019
in Aircraft Asset Profiles , Lessors and Lease Rates , Aircraft Finance Market
AerCap sees leased aircraft sales drop even as premiums rise
Ishka examines AerCap’s Q2 2019 results. more
02/08/2019
Fund watch: SMBC AC fund picks up investors, Investec loses aviation head
SMBC Aviation Capital has launched a new closed-ended equity aviation fund of 17 Japanese institutional investors. more
30/07/2019
ICBC splits 38 aircraft portfolio between separate buyers
Chinese leasing firm ICBC Leasing finalises one of the largest aircraft portfolio sales of recent history. more
26/07/2019
In Germany, Spezialfonds timidly rise from KG market ashes
Ishka examines the German closed-end fund market: from the demise of retail KG funds to the slow emergence of Spezialfonds for institutional investors. more
23/07/2019
“Flight shame” poses long-term risk to aviation
After a decade of growth, 2019 Q1 passenger numbers in Sweden are 4.2% lower than the same period in 2018. Is aviation finance waking up to the long term risk of climate-conscious passengers? more
17/07/2019
in Regulatory and Accounting , Aircraft Finance Market , Home
Will lessors extend MAX rental holidays?
The continued uncertainty over the length of the MAX grounding poses a dilemma to lessors- a handful of which have offered their airline customers rental holidays or deferrals. more
15/07/2019
Airlines with MAXs seek cancellations, compensation from Boeing
As the MAX grounding enters its fourth month, affected airlines are growing impatient with Boeing over the OEM’s muted response to their calls for remedy.. more
11/07/2019
Tradeable e-note structure draws BOC Aviation back to ABS market
Aircraft lessor BOC Aviation has returned to the ABS market after a four-year absence for its second ABS - Silver Aircraft Leasing Limited. more
10/07/2019
in Lessors and Lease Rates , Aircraft Finance Market , Capital Markets
Garuda joins list of struggling state carriers
Ishka examines three of the weakest state carriers: Garuda Indonesia, Kenya Airways and South African Airways which together lost a combined $719 million in 2017 alone. more
08/07/2019
Dublin Festival: So, how much did IAG agree to pay for those MAXs?
Ishka summarizes some of the talking points at its recent festival, held last week in Dublin. more
01/07/2019
Dublin Festival: Older 737-800 lease rates firm further on back of MAX grounding
Used 737-800 lease rates climb higher and lessors win longer extensions as MAX faces recertification delays. more
28/06/2019
Japan’s Mercuria to launch two aviation equity funds
Tokyo-based fund manager Mercuria Investment (Mercuria) is launching two aviation equity funds for Japanese institutional investors. more
21/06/2019
BBAM returns to the ABS market with Horizon II
Aircraft lessor BBAM Aviation Services Limited (BBAM) is in the market with its third aircraft ABS, Horizon Aircraft Finance II. more
20/06/2019
US private equity acquires lessor aircraft portfolios
A US private equity firm and a separate US equity fund manager have won bids to acquire separate leased aircraft portfolios from AerCap and Aircastle. more
04/06/2019
Aircastle Q1 results weighed down by Avianca and Jet failures
Aircastle took roughly a 10% delta y-o-y—on its rental yields and net cash margins in Q1 2019 following the bankruptcies of just two of its 86 lessees, Jet Airways (India) and Avianca Brazil (Brazil). more
03/06/2019
JP Lease and Stratos price first JOL aircraft ABS
JOL Air Limited is the first aircraft ABS to include a Japanese Operating Lease (JOL) structure. more
22/05/2019
Aviation financiers becoming wary of rising airline risk
As fuel costs rise and airline bankruptcies have piled up in 2019, aviation financiers debate whether banks have become sensitive to airline credit risk in the past year. more
20/05/2019
in Airline Profiles , Capital Markets , Aircraft Finance Market
FLY drops A320neo options
FLY Leasing has chosen not to exercise the 2019 A320neo options it inherited as part of the AirAsia transaction. more
17/05/2019
in Lessors and Lease Rates , Aircraft Finance Market
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Goshawk markets debut ABS
Ireland-headquartered Goshawk Aviation conduct a roadshow for its debut aircraft ABS - the youngest aircraft ABS with tradable E-note to date. more
15/05/2019
in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market
ISTAT Asia: MAX likely grounded until end of 2019
Attendees and appraisers at ISTAT Asia did not think the MAX would be flying again in time for the summer season and asked how the grounding could impact MAX values and lease rates. more
14/05/2019
in Aircraft Asset Profiles , Aircraft Finance Market , Regulatory and Accounting
GECAS' second tradable E-note aircraft ABS
GECAS has closed its fifteenth asset-backed securitisation (ABS) backed by narrowbody leased aircraft - STARR 2019-1 and the second to involve a tradable equity note (E-note). more
12/05/2019
HNA woes prompt Hainan Airlines' loss
In the latest in the HNA saga, the firm's group of airlines have reported dismal 2018 results as the parent continues to look for assets to sell off. more
06/05/2019
Lessors face prospect of dismal MAX lease rates
Lessors are in limbo following the MAX grounding while 737 MAX lease rates are likely to remain low in the short-term. more
02/05/2019
Avolon bags funds, investment grade under the Orix halo
Financial markets and credit agencies have decisively shrugged off Avolon’s HNA woes as investors jumped feet first into the lessor’s gargantuan $2.5 billion issuance of senior unsecured debt in early April 2019. more
01/05/2019
Aircraft ABS: Castlelake prices CLAS 2019-1
US fund manager and leasing firm Castlelake has priced its sixth structured ABS financing, Castlelake Aircraft Structured Trust 2019-1 (CLAS 2019-1). more
17/04/2019
Ishka Investor Europe: MAX and neo equity returns continue to compress
Aircraft investors and lessors gathered at Ishka’s Aviation Finance Europe conference last week confirmed that returns on new technology leased aircraft, such as the Boeing 737 MAX and Airbus A320neo, have tightned forcing many investors seeking higher returns towards older aircraft. more
15/04/2019
in Aircraft Asset Profiles , Aircraft Finance Market , Lessors and Lease Rates
Ishka Investor Europe: Aviation investors reveal environmental concerns
Ishka summarises some of the key takeaways from the Ishka’s Investing in Aviation Finance Europe conference held last week in London. more
12/04/2019
in Regulatory and Accounting , Capital Markets , Aircraft Finance Market
Fund watch: Huijbers launches Hong Kong equity fund, Aero Capital Solutions closes midlife aircraft fund
Ishka examines two new aviation equity funds one launched by Aero Capital Solutions, which has closed at $200 million, and another, by PH Aviation Asia, which is still seeking investors. more
11/04/2019
Lessor CEOs: hitting the bottom of the sale/leaseback market
Ishka reviews some of the key market concerns raised by the public aircraft lessors including AerCap, Aircastle, ALC, and Fly including a potential slow-down in capital from China, Jet Airways’ and the tension of enforcing the Cape Town Convention in Brazil. more
08/04/2019
in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market
How are airlines coping with the MAX grounding?
Ishka examines the level of optimism hinted by other airline schedules, the impact of the immediate MAX order backlog on operators, and how large and small airlines exposed to the type are reacting. more
05/04/2019
in Airline Profiles , Modelling and Forecasting , Aircraft Finance Market
AWG addresses GATS questions with draft documentation
AWG has published GATS draft documentation ahead of its planned Q1 2020 release. In it, the organisation takes pains to address some of the common question that the market has had over its project. more
03/04/2019
in Regulatory and Accounting , Technical Expertise , Aircraft Finance Market
Boeing struggles to push through MAX software fix
Boeing's MAX software fix has been delayed from days to weeks by the FAA, who are themselves losing the confidence of aviation authorities worldwide. more
02/04/2019
in Regulatory and Accounting , Aircraft Finance Market , Aircraft Asset Profiles
Ishka Investival: Korean investors explore more ABS e-notes
South Korean equity investors are open to aviation deals including aircraft ABS e-notes, according to aviation financiers and lessors speaking at Ishka’s Hong Kong Investival last week. more
01/04/2019
in Lessors and Lease Rates , Capital Markets , Aircraft Finance Market
Ishka Investival Asia: JOL/JOLCO appetite buoyant but tax reforms spook foreign banks
Japan remained a centrepiece of discussion at Ishka’s Investival Asia in Hong Kong, with participants confident about aviation's continued appeal for Japanese investors, but uncertain about where recent tax reforms leave non-Japanese banks. more
29/03/2019
in Capital Markets , Aircraft Finance Market , Investor Education
CDB Aviation boss: “Don’t expect to see new Chinese aircraft lessors”
CDB Aviation’s CEO Peter Chang and President Pat Hannigan believe that higher funding costs and declining yields will deter Chinese investors from creating leasing platforms. more
25/03/2019
Boeing likely to offer airlines compensation for MAX groundings
Norwegian says it is "obvious" Boeing will pick up the bill for the cost of the MAX groundings, but how likely is it that airlines will receive compensation from the OEM? more
19/03/2019
in Airline Profiles , Aircraft Finance Market , Aircraft Asset Profiles
ISTAT: CDB Aviation chief argues this is the “beginning of the downturn”
A panel of leasing CEOs from GECAS, SMBC Aviation Capital, CDB Aviation and Air Lease Corporation debate whether the aviation finance industry is entering a downturn. more
18/03/2019
ALC’s declining China exposure
Optimism-driven growth was the main theme of Air Lease Corporation’s performance in 2018. But with gains from trading showing some softness across several top lessors, Ishka wonders if weakness in the secondary markets may be emerging. more
15/03/2019
FAA deems MAXs “airworthy” as the rest of the world bans flights
Lessor chiefs decline to speculate on the causes of the crash. more
12/03/2019
in Lessors and Lease Rates , Aircraft Finance Market , Regulatory and Accounting
Ethiopian MAX crash overshadows ISTAT conference
Chinese and Indonesian aviation authorities have grounded 737 MAX aircraft after the second crash in five months of a new MAX during take-off. more
11/03/2019
MUFG to acquire DVB’s aviation funds and finance arm
Japanese group MUFG is to acquire German DZ Bank’s aviation finance division as part of the dismantling of DVB Bank, DZ’s troubled transport finance business. Ishka analyses DVB AAM's managed fleet and the Deucalion aviation funds. more
08/03/2019
in Lessors and Lease Rates , Aircraft Finance Market , Aircraft Asset Profiles , Airline Profiles
Could CMIG sell its aircraft leasing arm?
After missing a bond payment and having two real estate stakes frozen, CMIG is rumoured to be exploring selling off some of its subsidiaries, including its aircraft leasing arm, to meet its financial commitments. more
05/03/2019
AerCap Q4 FY2018: revenues fail to catch up to unprecedented fleet growth
AerCap's capex in 2018 was unprecedented, resulting in significant improvement of the lessor's fleet metrics. Yet full-year revenues largely failed to reflect the quality of the newly expanded fleet. Ishka explores the possible reasons. more
28/02/2019
Who is impacted by the 2019 JOLCO tax reforms?
Ishka summarises sections of the 2019 Japanese tax reform relevant to the JOL/JOLCO market and its potential effects on market participants. more
26/02/2019
Turboprop leases rates: Fewer lessors help ATR and Q400 lease rates stabilise
In the past 12 months, turboprop lessors have seen lease rates stabilise for both ATR72-600 and Bombardier’s Dash 8 Q400. Ishka analyses the market performance of the two large turboprops and what lessors make of this slice of the market. more
25/02/2019
Investing in Aviation Finance : Japan - 航空機ファイナンス投資ジャパン
Sep 12, 2019
The Ritz-Carlton, Tokyo , Japan
Exclusive gathering of Japanese investors, regional banks and the wider aviation finance community to uncover new opportunities in a changing Japanese investment landscapeMore info
The Aviation Investival New York
Oct 16 - Oct 17, 2019
The Stewart Hotel, United States
Successfully navigating the aviation cycle
Trusted information for calculated decisions
Bespoke Ishka consultancy services
more
