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Q1 AFIC, Balthazar, and Itasca insurance premiums stable, but Iran fallout will up pricing

Premiums for non-payment insurance (NPI) on new aircraft financings have remained broadly stable for the past nine months but banks and insurance providers expect that could change on the back of the recent Iran crisis. more

07/05/2026

in Aviation Banks and Lenders

Loan Datasheet: Avolon raises $1.2 bn, SMBC upsizes facility to $3.7 bn, JetBlue agrees $500 mn debt framework with Sky Lease

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

01/05/2026

in Aviation Banks and Lenders

Borrowers tap cap markets, Arcus to buy a stake in TrueNoord, new-build Boeing WB values

Ishka's Transaction Update is a report series that examines key trends, recent deal flow, and major announcements in aviation and aircraft leasing. more

01/05/2026

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Airline trends & analysis , Aviation Banks and Lenders

Q1 Engine Survey: Iran crisis set to weaken engine lease rates

The Ishka engine 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 February and April 2026 and highlights weakening CFM56-5B lease rates. more

27/04/2026

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

Jet Fuel Crisis: Airlines request rent deferrals from lessors

Lessors speaking with Ishka confirm that more airlines are asking for rent deferrals due to high jet fuel prices and the disruption to jet fuel supply caused by the war in Iran. more

24/04/2026

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

Spirit bailout talks advance, JetBlue dismisses bankruptcy risk, new-build Airbus WB values

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

24/04/2026

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Airline trends & analysis , Aviation Banks and Lenders

Castlelake tests market with CLAS 2026-2 - first aircraft lease ABS since Iran crisis

US aircraft lessor Castlelake is the sponsor behind a $888.2 million ABS - the first aircraft lease securitisation to hit the market since the escalation of the war between the US and Iran in late February. more

16/04/2026

in Lessors & Asset managers , Capital Markets

Q1 Bank Survey: Margins stable but aviation banks brace for higher funding costs

Lenders share that the Iranian conflict will likely force bank margins higher to accommodate both risks facing airlines and increased funding costs. more

14/04/2026

in Lessors & Asset managers , Aviation Banks and Lenders

Jet fuel supply risks, ITE & Blackstone unveil jumbo sidecar, Air Lease sale concludes, new-build Airbus narrowbody values

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

10/04/2026

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Airline trends & analysis , Capital Markets , OEMs, Cargo & Engines

Aircraft buyers: ITE and Blackstone pick DAE for jumbo leasing sidecar

ITE and Blackstone Credit & Insurance (BXCI) have announced a new aircraft leasing sidecar with Dubai Aerospace Enterprise (DAE). more

09/04/2026

in Capital Markets , Aviation Banks and Lenders

Doric’s MD discusses aircraft sales as firm exits aviation

Doric is preparing to sell the remaining aircraft in its portfolio as part of a gradual exit from aviation asset management. Ishka speaks with Sibylle Paehler, Doric’s Managing Director and co-founder. more

01/04/2026

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

ACMI provider Avion Express confirms fleet 'realignment'

ACMI provider Avion Express has confirmed it is adopting a “proactive fleet and structural realignment” with plans to redeliver at least 15 aircraft “and will continue to evaluate fleet size depending on market developments.” more

30/03/2026

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Airline trends & analysis

ACMI provider Avion Express looks to hand back aircraft to lessors

Lithuanian ACMI provider Avion Express is understood to be in talks with lessors about returning more than 20 Airbus A320ceos or roughly half its fleet, according to multiple leasing sources more

30/03/2026

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

Engine Buyers List March 26: Which engines are lessors targeting?

This is the 9th edition of Ishka’s Engine Buyers List, where Ishka profiles some of the most active commercial engine buyers in the secondary market. more

27/03/2026

in Lessors & Asset managers

Ishka London: Deals still going ahead but if Iran conflict continues ‘everything changes’

Traders and banks say deals are continuing as normal but several have warned that if the conflict continues then it would begin to disrupt the aviation finance market. more

24/03/2026

in Lessors & Asset managers , Airline trends & analysis , Capital Markets , Aviation Banks and Lenders

Altavair’s COO Nick Hazeldine discusses widebodies, Altitude 3 and the aviation ABS market

Ishka talks to Altavair’s COO Nick Hazeldine about the assets Altavair is looking to potentially buy and sell this year more

13/03/2026

in Aircraft values, Lease Rates & Returns , Capital Markets

ISTAT wrap up, Oil prices continue to climb, 10-year Airbus narrowbody values

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

13/03/2026

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Airline trends & analysis , Capital Markets , OEMs, Cargo & Engines

Three quickfire questions: Crestone CEO Kevin Milligan on the Arena acquisition

Following Crestone Air Partners’ agreement to acquire Arena Aviation Capital, Ishka spoke with Crestone chief executive officer Kevin Milligan about the strategic rationale for the deal. more

10/03/2026

in Lessors & Asset managers

Gulf crisis: Lessors share concerns on ABS disruption and unhedged airlines

Most lessors speaking to Ishka in San Diego say they are still ‘risk on’ for Middle East carriers. more

09/03/2026

in Lessors & Asset managers , Airline trends & analysis , Capital Markets , Aviation Banks and Lenders

ME crisis continues, Avolon, K2, Aircastle & Deucalion score in the secondary market, Genesis's new PE mandate, 10-year old Boeing WB values

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

06/03/2026

in Lessors & Asset managers , Airline trends & analysis , Capital Markets , OEMs, Cargo & Engines

Sources question how many A320neo part-outs the market can absorb

Lessors are in talks with part-out firms over dozens of potential A320neo airframes, including several rejected Spirit Airlines (Spirit) A320neos. more

05/03/2026

Bank survey: Lessors push banks to refinance 2023 and 2024 deals

Banks say some lessors are asking some lenders to refinance relatively recent aircraft portfolio financings or revolving facilities with cheaper terms. more

27/02/2026

in Aviation Banks and Lenders

DAE beats rivals to acquire Macquarie

Leasing firm Dubai Aerospace Enterprise (DAE) Ltd (DAE) has announced a definitive agreement to acquire 100% of Macquarie AirFinance Limited (MAF) for an approximate enterprise value of $7 billion. more

26/02/2026

in Lessors & Asset managers

Loan Datasheet: SMBC announces $2bn syndicated facility, two new engine financings close, PAL secures PDP funding

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

17/02/2026

in Aviation Banks and Lenders

Ishka / AFG deals of the year submissions now open until 23 February

Ishka and Airfinance Global are now accepting submissions for their combined Deal of the Year Awards. The Deal of the Year Awards celebrate the best-closed aircraft financings of 2025. more

17/02/2026

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Airline trends & analysis

Reminder: Ishka/ AFG deals of the year submissions open!

Ishka and Airfinance Global are now accepting submissions for their combined Deal of the Year Awards. The Deal of the Year Awards celebrate the best-closed aircraft financings of 2025. more

03/02/2026

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Airline trends & analysis

Dublin Takeaways: ‘No slow down for aircraft trading’, New Year = New Platforms

The Insights team highlight some of the current themes from the gathering of airlines and lessors in Dublin last week. more

30/01/2026

in Lessors & Asset managers , Investor Briefings

Willis’ CFO Scott Flaherty talks private credit, engine leasing, and aircraft acquisitions

Ishka sits down with Scott Flaherty, Willis’ CFO, to find out more about the lessor's new asset management arm. more

26/01/2026

in Lessors & Asset managers , OEMs, Cargo & Engines

Transaction Update: Allegiant agrees to buy Sun Country, airframers up production rates, 5-year old A320ceo values

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

15/01/2026

in Lessors & Asset managers , Airline trends & analysis , OEMs, Cargo & Engines

Fund watch: Engine lessor Willis launches new asset management arm

The first new fund announced in 2026 is for engine lessor Willis Lease under its new asset management division, Willis Aviation Capital (WAC). The $1 billion partnership with Blackstone Credit & Insurance (BXCI) aims to deploy over $1 billon in the next two years in current and next generation aircraft engines and select aircraft. more

12/01/2026

in OEMs, Cargo & Engines

Call for awards submissions

Ishka and Airfinance Global are now accepting submissions for their combined Deal of the Year Awards. The Deal of the Year Awards celebrate the best-closed aircraft financings of 2025. more

09/01/2026

in Lessors & Asset managers , Capital Markets , Aviation Banks and Lenders

Pegasus eyes supported financings and JOLCOs for 2026 and 2027 deliveries

Ishka sits down with Cansu Şenol Başpınar, senior head of corporate finance at Pegasus Airlines (Pegasus) to talk about supported financing, sale/leasebacks and the JOLCO market.  Pegasus won Ishka’s Best ECA Deal 2024 for a Bpifrance-supported Engine Maintenance Financing. more

07/01/2026

in Aircraft values, Lease Rates & Returns , Airline trends & analysis

Engine survey Q4 2025: CFM56-5B prices firm, have CFM56-7B prices started to ‘peak’?

The Ishka engine survey explores spot market pricing, and leases, for popular narrowbody engine types based on responses by active engine lessors and investors. The latest survey was conducted between October and December 2025. more

05/01/2026

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

All the best for 2026 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

22/12/2025

in Other

Briefing: Airlines face ‘huge’ aircraft end-of-Lease compensation bills

Lessors adapt risk strategies to accommodate increasing large aircraft End-of-Lease Compensation claims. more

12/12/2025

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

Willis markets WEST IX engine ABS

Willis Lease Finance Corporation (Willis) is in the market with a $392.9 million engine ABS. more

12/12/2025

in Capital Markets , OEMs, Cargo & Engines

A look at Allegiant’s 2026 financing and fleet plans

Allegiant Air (Allegiant) has 34 remaining Boeing 737 MAX deliveries from a 50-strong order announced in January 2022, along with 80 options. Ishka speaks with Asad Shaikh, Vice President of Fleet & Corporate Finance at Allegiant about the airline’s immediate fleet and financing plans. more

10/12/2025

in Airline trends & analysis , Aviation Banks and Lenders

Briefing: The current cost of aircraft novations

Lessors hurry airlines to finish novations in time for end-of-year aircraft trading rush. more

04/12/2025

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

MRO Update: Lessors reach out to part-out firms over rejected Spirit aircraft

Ishka has received further confirmation that lessors with rejected Spirit Airlines aircraft are in talks with part-out firms as they debate whether or not to sell the assets for tear down. more

02/12/2025

in OEMs, Cargo & Engines , Other

SMBC Aviation catches Thanksgiving bond window, AerFin funds A320neo part out

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

27/11/2025

in Aviation Banks and Lenders

Castlelake talks widebody shortages, engine returns and its 'substantial' aircraft pipeline

Ishka speaks with Joe McConnell, Castlelake’s deputy co-chief investment officer about aircraft acquisitions plans for next year, how its alt lender subsidiary Merit AirFinance is performing and asks if the lessor has any plans for the engine market. more

26/11/2025

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

Transactions Update: Aircastle offers 36 aircraft portfolio, Dubai Air Show round up, OEMs mull stretched widebodies

Ishka's Transaction Update is a report series looking at the key trends, recent deal flow, and key announcements within aviation and aircraft leasing. more

21/11/2025

in OEMs, Cargo & Engines , Other

How rising engine LLP prices are increasing MRO costs

Lessors state that revised LLP escalation rates have increased expected maintenance costs for several common narrowbody engine types. Ishka presents a quick review of current MRO costs. more

20/11/2025

in Lessors & Asset managers , Airline trends & analysis , OEMs, Cargo & Engines

Why engine OEMs will keep imposing elevated LLP price hikes

Lessors state they expect engine OEMs to continue to add significant LLP price hikes for the foreseeable future, potentially adding millions of dollars of costs for airlines and engine investors when it comes to overhauling and servicing aircraft assets. more

18/11/2025

in Aircraft values, Lease Rates & Returns

ASG comments on WOLF fundraise, the ACMI market and SmartLynx Latvia’s restructuring

Responding to Ishka, Avia Solutions Group (ASG) addresses the sale and recent restructuring of its former subsidiary SmartLynx Latvia. The firm also commented on the ACMI market and answered questions about the firm’s new Dublin-based leasing platform Waypoint Operating Lease Finance (WOLF), currently in the market for a $500 million capital raise. more

12/11/2025

in Lessors & Asset managers , Other

Airbus’ subsidiary Satair to acquire parts firm Unical

Satair, an Airbus company, has agreed to buy aircraft parts firm Unical Aviation Inc. (Unical) and its tear-down and aircraft storage subsidiary ecube. more

10/11/2025

in OEMs, Cargo & Engines , Other

Q3 Bank Survey: LTVs rise as banks compete on terms to win deals

Risk-adjusted margins on new aircraft loans and warehouse facilities dropped again slightly in the past three months, Ishka research shows, driven by tough competition between lenders looking to win financing mandates. more

06/11/2025

in Lessors & Asset managers , Aviation Banks and Lenders

Loan Datasheet: HCOB exits aviation with $450m sale, Clover renews facility, Air India completes first GIFT City loan

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

30/10/2025

in Aviation Banks and Lenders

Q3 engine prices and lease rates: CFM56-5B lease rates weaken, but lease rates for V2500 prices inch up

Prices for previous-tech narrowbody engines remained broadly stable in Q3 2025 compared with the previous quarter, according to Ishka research. more

24/10/2025

in OEMs, Cargo & Engines

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

This is the 8th edition of Ishka’s Engine Buyers List, where Ishka profiles some of the most active commercial engine buyers in the secondary market. more

23/10/2025

in Lessors & Asset managers