Ishka insights: indispensable aviation data, analysis and opinion
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Merit AirFinance President: ‘A lot of banks have left the sector’

A year after its launch, Pat Mahoney, president of aviation alt lender Merit AirFinance explains how lessors now form the bulk of its lending book, why fewer banks are interested in secured aircraft term financing, and the state of ABS investor appetite. more

17/09/2026

in Aviation Banks and Lenders

FLY91 orders 40 72-600s, Avianca SLBs 12 aircraft, 15-year-old Airbus NB values

The Weekly Review is a report series that examines key trends, recent deal flow, and major announcements in aviation and aircraft leasing. more

10/09/2026

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Airline trends & analysis , Capital Markets , OEMs, Cargo & Engines , Other , Aviation Banks and Lenders

DBJ Co-Head: DBJ aims to fill the ‘junior loan gap’ ahead of widebody delivery surge

Insights sits down with Development Bank of Japan Co-Head of Global Aviation Yuichi Yamamoto to discuss compressed lender margins, tightening bank liquidity, the coming widebody funding challenge, and its appetite for junior loans. more

07/09/2026

in Aviation Banks and Lenders

FTAI enters $2 billion warehouse facility, Air France-KLM pens $1.15 billion RCF for M&A activity

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

24/08/2026

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

Bank Q2 survey: More risk but no pricing reset for aviation banks

Bank risk-adjusted margins appear to have dropped in the last three months for secured aircraft financings, according to Ishka Airfinance research, despite bank costs increasing for many lenders and many carriers becoming riskier credits given the operational headwinds caused by the spike in fuel prices since March. more

14/08/2026

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

HALO 2026-1 aviation loan ABS prices

The debut aviation loan ABS from HALO AirFinance, HALO 2026-1, has priced. more

07/08/2026

in Capital Markets , Aviation Banks and Lenders

HALO AirFinance markets debut aviation loan ABS, HALO 2026-1

HALO AirFinance, the JV lender from GA Telesis and Tokyo Century Corporation, is in the market with its debut aviation loan ABS. more

04/08/2026

in Capital Markets , Aviation Banks and Lenders

volofin prices latest $421 million aviation loan ABS, VFIN 2026-1

Alternative lender volofin Capital Management has priced its latest aviation loan ABS, VFIN 2026-1. more

31/07/2026

in Capital Markets , Aviation Banks and Lenders

volofin markets new aviation loan ABS – VFIN 2026-1

Alternative lender volofin Capital Management has returned to the ABS market with its second aviation loan securitisation, VFIN 2026-1. more

28/07/2026

in Capital Markets , Aviation Banks and Lenders

SMBC leads Farnborough orders, IATA names first female DG, 5-year-old Airbus NB values

The Weekly Review is a report series that examines key trends, recent deal flow, and major announcements in aviation and aircraft leasing. more

24/07/2026

in Aircraft values, Lease Rates & Returns , Lessors & Asset managers , Capital Markets , OEMs, Cargo & Engines , Other , Aviation Banks and Lenders

SMBC upsizes existing debt deals, Allegiant agrees four loans

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

22/07/2026

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

Apollo ignites easyJet bidding war with £5.7 billion offer

Private equity firm Apollo Global Management has launched a surprise bid for easyJet, announcing an agreement in principle for a possible cash acquisition days after the airline agreed a deal with Castlelake. more

10/07/2026

in Airline trends & analysis , Aviation Banks and Lenders

PIMCO president – ‘the tide will go out’ for older aircraft demand

PIMCO has been an active investor in aviation for decades, historically active in fixed income aviation investments. The firm has also helped establish aircraft lessor High Ridge and LR AirFinance, a direct aviation lender. Christian Stracke, president of PIMCO, speaks with Ishka about the firm’s aviation plans. more

09/07/2026

in Lessors & Asset managers , Aviation Banks and Lenders

Ishka Airfinance hires Conor Murphy as Head of Advisory

Conor Murphy joins Ishka Airfinance as Head of Advisory at a time of rapid growth and expansion for the business. He comes on board as Eddy Pieniazek steps into the role of Principal Advisor, a planned transition by Eddy to focus on strategic counsel. more

07/07/2026

in Aviation Banks and Lenders

SMBC bank sells $2bn aircraft loan portfolio but is not exiting aviation

Sumitomo Mitsui Banking Corporation (SMBC) is currently in the process of selling a multi-billion portfolio of secured aircraft loans, according to multiple sources. more

29/06/2026

in Lessors & Asset managers , Aviation Banks and Lenders

easyJet rejects fourth takeover bid, 10-year-old Boeing NB values

The Weekly Update is a report series that examines key trends, recent deal flow, and major announcements in aviation and aircraft leasing. more

26/06/2026

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

June Aviation Debt Pricing Comp: Alt lending spreads and unsecured yields continue to trend down, ABS spreads settle

An overview of the most recent trends in lessor and lender financing costs across both capital markets, commercial bank debt and private aviation alt lenders. more

15/06/2026

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

Ishka SAVi: 40 banks now have aviation portfolio emissions targets

At least 40 banks with significant aviation lending portfolios currently have aviation portfolio emissions-intensity targets, analysis by Ishka SAVi shows. more

12/06/2026

in ESG & Regulation , Aviation Banks and Lenders

Q2: Alt lenders pricing drops closer to aviation bank levels

Aviation alt lenders pricing is becoming increasingly comparable to traditional aviation banks when it comes to financing lessor portfolio deals comprised of strong credits, according to several sources. more

09/06/2026

in Aviation Banks and Lenders

Castlelake eyes easyJet, UK-based cargo airline enters administration, 15-Year-Old Boeing WB values

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

05/06/2026

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

Could Castlelake buy easyJet?

Ishka explores Castlelake's possible bid for easyJet, the structural obstacles to a deal, and which European airlines could partner on a potential bid. more

03/06/2026

in Airline trends & analysis , Aviation Banks and Lenders

737 MAX part-outs, Airborne and Mercuria reach first fund close, 15-Year-Old Boeing NB values

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

22/05/2026

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

China orders 200 Boeing aircraft, aircraft retirements could rise, 15-year Airbus narrowbody values

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

14/05/2026

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

Spirit's liquidation, Azorra buys DAE's A220 orderbook, ATR, Embraer and A220 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

08/05/2026

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

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

April Aviation Debt Pricing Comp: Cap markets react to Iran conflict

An overview of the most recent trends in lessor and lender financing costs across both capital markets, commercial bank debt and private aviation alt lenders. more

29/04/2026

in Capital Markets , Aviation Banks and Lenders

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

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

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 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

Ishka London: ‘Lost month’ of aircraft ABS deals as Iran conflict slows issuances

Sources warn that the war in the Middle East is having a potential chilling effect on aviation ABS issuances, with issuers mulling whether to delay deals. more

25/03/2026

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

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

Q1 2026: Leasing debt costs continue to drop

The costs of debt options available to lessors broadly continued to fall from 2025 Q4 to 2026 Q1, according to Ishka research. more

18/03/2026

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

Merit AirFinance prices debut loan ABS

The new aviation loan ABS from Merit AirFinance has priced, according to Bloomberg data and sources familiar with the deal. more

12/03/2026

in Capital Markets , Aviation Banks and Lenders

Briefing: How IndiGo unlocked Japanese tax equity for Indian aviation

Following IndiGo's landmark JOLCO transaction, the first of its kind for an Indian airline, Ishka delves into the legal and structural changes in India which made the deal possible. more

10/03/2026

in Airline trends & analysis , Aviation Banks and Lenders

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

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

Transaction Update: ACG acquires 24-strong Avolon portfolio, Vietnamese carriers buy big in Washington

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

20/02/2026

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

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

PK AirFinance loan ABS prices, smashes floor on spreads

PK AirFinance loan ABS prices, smashes floor on spreads more

05/02/2026

in Capital Markets , Aviation Banks and Lenders