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

FPG launches F.bit - a Japanese publicly traded retail investor aircraft product

Aircraft leasing firm and JOLCO arranger FPG has introduced "F.bit," Japan's first publicly offered, fractionalised aircraft investment product tailored for individual Japanese investors. more

19/05/2025

in Lessors & Asset managers

Why European regulations are pushing aviation banks towards riskier deals

A group of French Aviation banks are in talks, through various channels, with the European Banking Authority (EBA) to delay or potentially modify part of the incoming Basel 3.1 banking regulations over concerns they are pushing banks to chase riskier deals, and could potentially deter some institutions away from the sector. more

16/05/2025

in Airline trends & analysis , Aviation Banks and Lenders

Ishka announces 2024 Deal of the Year Award Winners

Ishka has announced the full list of winners for its deal of the year awards. The awards will be celebrated across three upcoming Ishka conferences in Dublin, New York and Singapore. more

09/05/2025

in Capital Markets , Aviation Banks and Lenders

Q1 engine prices and lease rates: Will CFM56-5B lease rates continue to drop?

The Ishka survey explores spot market pricing for popular narrowbody engine types based on responses by active engine lessors and investors. The latest survey was conducted between January and the start of April 2025. more

02/05/2025

in OEMs, Cargo & Engines

Loan Datasheet: Vietnamese airlines secure over $850 million in finance

The latest Ishka loan datasheet examines recent loans for commercial aircraft lessors and airlines, and the dynamics impacting aircraft lenders. more

22/04/2025

in Aviation Banks and Lenders

Q&A: How is Rolls-Royce investing in the aftermarket?

Ishka catches up with Romain Chambard, VP, Marketing at Rolls-Royce to discuss MRO costs, aftermarket investment and engine updates. more

18/04/2025

in OEMs, Cargo & Engines

Alt lenders margins continue to tighten in Q1, HCOB exits aviation finance

Financiers confirm that risk-adjusted margins for alt lenders have continued to fall in the first quarter of 2025. In other news, Germany’s Hamburg Commercial Bank (HCOB) is exiting aviation finance, less than 18 months after launching the business, following an internal strategic review. more

15/04/2025

in Aviation Banks and Lenders

Lessors on alert as Indian tax authority targets leases

Aircraft lessors have been warned that they could be exposed to a $80 million tax bill from the Indian authorities relating to aircraft leases for several Indian airlines including IndiGo. more

14/04/2025

in Lessors & Asset managers

Mexican carriers delay aircraft deals in response to tariff uncertainty

Two Mexican airlines appear to be reacting to the uncertainty unleashed by the numerous tariffs introduced by the Trump administration by ‘pausing’ or delaying the introduction of additional capacity. more

11/04/2025

in Airline trends & analysis , ESG & Regulation

The Signal from the Noise – ‘Liberation Day’

In a guest Insight, PwC’s Ron Doyle and Mark Brennan unpick what impact US tariffs will have for aviation. more

08/04/2025

in Lessors & Asset managers , Investor Briefings

RFPs: Southwest ‘pauses’ RFP, JOL lease rate factors drop below 0.6

Multiple airlines remain active in the market with both sale/leaseback and financing RFPs. more

08/04/2025

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

India to (finally) fully implement Cape Town, Spirit issues private EETC

After years of waiting, India moved a significant step closer to full implementation of the Cape Town Convention this week with the Indian Parliament approving legislation transposing it into national law. more

04/04/2025

in Other , Aviation Banks and Lenders

The ‘unquantifiable’ cost of tariffs for aviation

US President Donald Trump's latest tariffs are set to have significant global trade implications. Ishka explores how the fallout could affect the aviation sector. more

03/04/2025

in OEMs, Cargo & Engines

Age is just a number: Why older A320ceo leases rates are converging

Ishka looks to see why age is becoming less important when airlines are sourcing narrowbody capacity. more

28/03/2025

in Lessors & Asset managers , Airline trends & analysis

An investors guide to: Training Aircraft

In a guest Insight, Aldo Giovannitti from consultancy, Aernovum Aviation looks at the pricing, opportunity and risks for an alternative aircraft asset often overlooked by many investors – the training aircraft market. more

27/03/2025

in Aircraft values, Lease Rates & Returns , Other

‘We are in a golden age of SLBs’ - GraySky Aviation CEO chats to Ishka

Stratton Borchers, founder and CEO, of GraySky Aviation chats to Ishka about market gaps, raising capital and potential lessor M&A. more

26/03/2025

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Q1 Bank survey: Debt costs drop for top-tier aviation credits

Ishka’s latest bank survey reveals adjusted risk margins continue to fall for both lessors and airlines. more

21/03/2025

in Other , Aviation Banks and Lenders

AerCap CEO spells out tariff cost, more lessors look to part out A320neos

AerCap’s CEO, Aengus Kelly, explained that under a ‘worst-case’ scenario new tariffs could increase the cost of a Boeing 787 by an additional $40 million. more

14/03/2025

in Airline trends & analysis , OEMs, Cargo & Engines

Engine Buyers List March 25: Which engines are lessors targeting?

This is the 4th edition of Ishka’s Engine Buyers List, where Ishka summarises a list of some of the most active commercial engine buyers in the secondary market. more

13/03/2025

in Lessors & Asset managers

‘I didn't say anything about moving away from Net Zero 2050’- IATA’s Willie Walsh

IATA Director General Willie Walsh caused a stir this week at the ISTAT Americas conference warning that airlines might need to re-evaluate their Net Zero 2050 targets. Ishka caught up with Walsh on the sidelines of the conference. more

06/03/2025

in ESG & Regulation

Lessors warn US tariffs could impact aircraft prices

A panel of aircraft lessor CEOs at ISTAT Americas this week discussed how the inflationary impact of new US tariffs could ultimately increase the cost of new aircraft. more

05/03/2025

in Lessors & Asset managers , Airline trends & analysis

Loan Datasheet: Aircraft financing remains cautious despite easing swap rates

The latest Ishka loan datasheet examines recent loans for commercial aircraft lessors and airlines, and the dynamics impacting aircraft lenders. more

04/03/2025

in Aviation Banks and Lenders

Trading Update: More teasers as lessors ready for ISTAT

Lessors have released several new aircraft portfolios available for sale in what has been a busy start to the year for aircraft traders. more

25/02/2025

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

New airlines and lessor financing and SLB RFPs

Multiple airlines are active in the market with sale/leaseback and finance RFPs, several of which are already being shortlisted for first bids. Ishka summarises recent RFPs and updates from the last 10 days.   more

18/02/2025

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Why Nomura is expanding into aviation lending

Ishka catches up with Keith Allman, Head of US ABS at Nomura to understand the bank's new expansion into ABS and aviation finance. more

12/02/2025

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

Trading Update: Aircraft traders release new portfolio teasers

Aircraft lessors have released several new portfolios of leased aircraft available for sale in January and February. more

11/02/2025

in Lessors & Asset managers

Airlines issue more financing and SLB RFPs

Multiple airlines are active in the market with sale/leaseback and finance RFPs, several of which are already being shortlisted for first bids. Airlines are currently shortlisting lessors and banks with several appearing open to hybrid financing solutions. more

08/02/2025

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Airlines issue a flurry of SLBs and finance RFPs

Airlines are starting the year with a bang as several have issued financing RFPs for new aircraft deliveries. Ishka notes that many airlines are asking for finance leases as well as sale/leasebacks. Ishka is still in the process of collecting pricing data, but based on initial conversations there appears to be some upward pressure on lease rate factors. more

04/02/2025

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Aircraft trading: More money but more execution risk for aircraft sellers?

Aircraft sellers welcome the influx of capital in the secondary market but complain about higher execution risk with some buyers walking away from deals. more

02/02/2025

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers

Lessor parts-out two A320neos due to higher GTF lease rates

Ishka hears that a lessor is set to part out two six-year-old A320neos, due to the elevated lease rates available on the Pratt & Whitney PW1000G engines, making these among the first A320neos to be parted out. more

31/01/2025

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines , Other

Loan Datasheet: Swap rates remain volatile amid end-of-year financing lull

The latest Ishka loan datasheet examines recent loans for commercial aircraft lessors and airlines, and the dynamics impacting aircraft lenders. more

29/01/2025

in Aviation Banks and Lenders

Q4 2024 Engine Survey: Prices climb but lease rates stabilise

Narrowbody engine prices continued to see upward pressure across most types in the last three months of 2024, while lease rates continued to stabilise or slightly decline, according to Ishka’s latest engine buyers survey more

24/01/2025

in Aircraft values, Lease Rates & Returns , OEMs, Cargo & Engines , Other

Ishka extends its Deal of the Year Awards submission deadline

After several requests, Ishka is extending the deadline for Deal of the Year Awards submissions to 21st of February 2025. The awards will be handed out at the Ishka Aviation Finance Festival in Dublin on the 20th of May. more

21/01/2025

in Lessors & Asset managers , ESG & Regulation , Other , Aviation Banks and Lenders

Dublin takeaways: The hunt for metal and returns

An unseasonally warm Dublin saw hundreds from the aviation finance industry gather early this week. Ishka summarises some of the common talking points. more

16/01/2025

in Aircraft values, Lease Rates & Returns , Investor Briefings , Aviation Banks and Lenders

Q4 bank survey: Banks pass on cheaper funding costs to top-tier borrowers

Bank financing costs for top-tier airlines and lessors contracted in the last three months of 2024, while warehouse costs have also tightened, according to research conducted by Ishka. more

09/01/2025

in Other , Aviation Banks and Lenders

The lessors looking to sell aircraft in 2025/ BBAM agrees 36 aircraft SLB

Ishka can reveal at least six aircraft lessors plan to sell a portfolio of aircraft during the first half of 2025. This insight emerged from December’s aircraft buyers survey, where Ishka asked lessors about their sales plans for the coming period. more

08/01/2025

in Lessors & Asset managers

Does the proposed sale of NAC to DAE signal more lessor consolidation?

On Tuesday, Dubai Aerospace Enterprise (DAE) announced it had signed a definitive agreement to acquire 100% of rival leasing firm, Nordic Aviation Capital (NAC). Prior to its restructuring NAC was the world’s largest regional aircraft lessor but the firm has since been transitioning to narrowbodies. more

07/01/2025

in Lessors & Asset managers

Reminder: Ishka deals of the year submissions 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

03/01/2025

in Lessors & Asset managers , Aviation Banks and Lenders

More alt lenders deals dip below 300bps ‘magical’ barrier

Risk-adjusted margins for aviation alternative lenders contracted in the last three months of 2024 by rough 26 basis points on average versus Q3 2024, according to surveys of aviation financiers conducted by Ishka. more

02/01/2025

in Aviation Banks and Lenders

Aircraft Buyers List December 24: Which aircraft are lessors targeting?

This is the 17th edition of Ishka’s aircraft buyers list, where Ishka summarises a list of potential and active buyers of leased aircraft on the secondary market. more

31/12/2024

in Lessors & Asset managers

All the best for 2025 from the Ishka team!

Ishka is taking a short break over the Christmas and New Year holiday period. We want to thank all our readers for their continued help and engagement with Ishka Insights. Your normal Insights service will resume in January. more

23/12/2024

in Other

Engine Buyers List December 24: Which engines are lessors targeting?

This is the 3rd edition of Ishka’s Engine Buyers List, where Ishka summarises a list of some of the most active commercial engine buyers in the secondary market. more

20/12/2024

in Lessors & Asset managers

JOLCO returns rise further on back of weak yen

JOLCO levered returns have increased in the last four months, according to Ishka research, as Japanese investors are charging airlines more to fund USD assets thanks to continuing currency volatility between the US dollar and the Japanese yen. more

18/12/2024

in Lessors & Asset managers , Aviation Banks and Lenders

Asset managers survey H2 2024: Mid-life aircraft returns strengthen

Asset managers surveyed by Ishka state expected unlevered returns have notably dropped for new- tech narrowbodies and strengthened for both current-tech and new-tech widebodies since Ishka’s last survey, conducted in April 2024. more

13/12/2024

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Investor Briefings

TrueNoord ‘actively looking’ at aircraft orders in 2025

Anne-Bart Tieleman, founder and CEO of TrueNoord, tells Ishka that the regional jet lessor will be “actively looking” at an aircraft order from “one or even two” OEMs in 2025. more

11/12/2024

in Lessors & Asset managers , Other

Arena CEO: Potential 2025 ‘equity gap’ could boost aircraft returns

Arena Aviation Capital CEO Patrick den Elzen talks to Ishka about the aircraft investor landscape, Arena’s busy year for purchases, and a potential equity gap on the horizon in 2025. more

10/12/2024

in Lessors & Asset managers

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

Loan Datasheet: Swap rates stabilise after October volatility, aircraft financing slows

The latest Ishka loan datasheet examines recent loans for commercial aircraft lessors and airlines, and the dynamics impacting aircraft lenders. more

05/12/2024

in Aviation Banks and Lenders

GA Telesis Chief: ‘We are not flipping the Spirit aircraft’

Marc Cho and Abdol Moabery speak with Ishka about what the Spirit trade means for GA Telesis’ long-term leasing ambitions, and why there is a ceiling on engine LLP escalation. more

03/12/2024

in Lessors & Asset managers , Other

Lessors look to Embraer SLBs, Spanish infra fund books first aviation deal

More aircraft lessors are competing for Embraer aircraft in the sale/leaseback market, according to numerous industry sources. The trend shows that Embraer’s E1 and E2 assets appear to be broadening their appeal beyond a fairly small group of regional jet lessors.Ishka reports on a new Spanish infra fund entering into aviation more

02/12/2024

in Lessors & Asset managers , Other