Developments

Latest edition September 18th: Shining a light on CTC compliance
September 18th 2025: New leasing JV to deepen Saudi investment in aviation; New Enforceability Index shines light on non CTC countries legal practices; PK AirFinance issues its largest aircraft loan ABS; India tax developments and the implications for global aircraft lessors; Insurers can't appeal London judgement in Russia 'stranded assets' case

Latest edition September 4th: The latest move in the quest for scale
September 4th 2025: Sumitomo-led consortium agrees deal for NYSE-listed Air Lease; Take private of Air Lease will reshape the aircraft leasing sector; Insurance settlements boost Russia-exposed aircraft ABS deals; AIP partnership to focus on JOLCO opportunities; Macquarie AirFinance orders 30 MAXs.

 

Perspectives

Mega orders show long term optimism


Orders from IAG, Qatar Airways and Avilease's debut order show optimism in the aviation market despite economic uncertainties driven by trade policy shifts.
Optimism for increased EETC issuance levels
How aircraft lessors can navigate the tariff landscape

Developments

Latest edition August 21st: Lessors report record earnings
August 21st 2025: SMBC Aviation Capital closes second Japanese investor fund, managed fleet grows to 110 aircraft; Castlelake launches $1.8 billion aviation lender; Aviation Capital Group reports record earnings on back of Russia settlements; BOC Aviation core profits grow 20% in H1 2025 on the back of rising demand across all key business lines; 'Welcome relief' as global lessor wins appeal in Indian tax case appeal.

August 7th: Sale-Leaseback opportunities to grow
August 7th 2025: AerCap record quarterly performance sees it raise earnings guidance; Air Lease reaches Russia case milestone in strong Q2; Engine and sale leaseback opportunities attract AerCap; Castlelake’s second ABS deal of 2025 keeps market issuance on course for strong year; Revenues jump by a quarter at DAE following NAC acquisition.


July 24th: Tariffs and their potential impact in the aircraft leasing sector
July 24th 2025: This issue addresses some of the big uncertainties besetting aviation, alongside the continuing buoyancy in aircraft leasing. Tariffs and their potential impact in the aircraft leasing sphere comes under the microscope in particular, as analysed by EY's aircraft leasing team, featuring an analysis by partner Ciaran Conroy. Also we continue to report a leasing sector in rude good health, to quote one of our contributors, Joe Gill, who also comments on the continuing buoyancy in aircraft leasing. In the midst of the positive outlook and activity in most aviation markets around the globe the uncertainty over tariffs is at a height this summer - and this is exacerbated by the fact that the 'trade war' is being conducted mainly on a country-by-country basis rather than by sector, as was the case 100 years ago.


July 10th: Optimism for EETC market return
July 10th 2025: In this issue: AerCap completed 116 asset deals in Q2 2025; Avolon reports strong performance in Q2, prices notes offering; Conditions improving for recovery in EETC issuance levels; Narrowbody storage rates above pre-Covid levels despite high demand for aircraft; Further large orders predicted in 2025 despite subdued Paris Air Show; AirAsia plans to transform network with Airbus mega order; Aircastle sees strong revenue growth in Q2; SMBC Aviation Capital agrees five jet deal with Turkish Airlines.

June 26th Edition: Paris Air Show orders
June 26th 2025: In this issue: Vietjet, Avilease and ANA lead the way on Paris orders; Muted lessor activity symptomatic of a quiet Paris Air Show; Global commercial aircraft fleet forecast to double over the next 20 years; AerCap to set up engine leasing JV supporting AF-KLM’s MRO customers; The $280 billion urban air mobility opportunity; National aviation authorities come together to streamline entry to market of new aircraft types; ACG closes $1 billion secured loan.

June 12th edition: Positive market sentiments ahead of Paris 2025
June 12th 2025: In this issue: AerCap gives update on stranded assets; The global tax deal, new national ambitions and the future shape of the global leasing business; Fitch predicts aviation ABS resilience in face of tariffs but downgrades 2025 outlook for the market; Paris 2025 preview: a barometer of airline sentiment; Willis and Carlyle add further momentum to aviation ABS market; BOC Aviation seals deals with Avianca and Gulf Air; Abelo secures $750m facility; Avolon scoops award for Castlelake deal.

 

Developments

May 29th Edition: AWG's tariff recommendations
May 29th 2025: In this issue: AWG outlines the reasons for continuing and strengthening the zero-tariff system for aviation assets; Five recommendations to drive the growth of Ireland’s aviation industry; Cerberus buys turboprop leasing specialist Abelo from Oaktree; SMBC Aviation Capital reports record annual profit; KBRA assesses the impact of trade tensions and tariff threats on the aviation ABS market; Azorra moves quickly to secure major E-Jet portfolio as DAE Capital revamps portfolio following NAC deal close.

May 15th Edition: Mega orders show long term optimism
May 15th 2025: In this issue: Avolon receives upgrades from Moody's and Fitch; Avilease's first direct aircraft order is the lessor's latest milestone after recently obtaining investment grade status; PK AirFinance and Sky Leasing end aviation ABS issuance hiatus; Qatar Airways and IAG's widebody mega orders shows airlines already looking beyond tariff turbulence; DAE completes Nordic Aviation Capital acquisition; Air Lease took delivery of 14 aircraft in Q1; Record quartely revenue for Willis Lease; Passenger demand grows but outstripped by capacity growth.

Latest Edition May 1st: Tariffs: a win-win solution for aircraft
May 1st 2025: In this issue: Expansion of WTO civil aircraft agreement would be a win-win for global aviation; AerCap raises annual guidance after strong opening quarter; Avolon lease revenue up 10% in Q1; IBA: old technology narrowbody values still rising; Boeing price increases would make Ryanair reassess current orders; AviLease reaches investment grade milestone; Aircastle records 48% net income growth for FY 2024; SKY Leasing's latest fund

April 17th Edition: Tariffs on aircraft - delay and hope
April 17th 2025: In this issue: Top trends in aircraft financing and leasing in 2025; Airline CEOs issue tariff warnings; The impact of a China Boeing delivery block; Lessors report strong Q1 activity; Barings’ Capital Solution buys 12 narrowbodies; BOC Aviation’s $1.5bn term loan; Deliveries on the increase; General aviation insurance sector suffering from overcapacity and weak pricing.

April 3rd Edition: Avoiding tariff turbulence
April 3rd 2025: In this issue: Oriel's Olga Razzhivina analyses aircraft values and lease rates and asks if we are the peak yet?; Castlelake and Aero Capital Solutions secure major commitments for their latest aviation investment vehicles; BOC Aviation strengthens it delivery pipeline into the 2030s; Flurry of debt issuances, capital raises and financings completed ahead of 'trade war' turbulence; SAF 'book and claim' pilot gets strong backing across supply chain; Korean Air's multi-billion dollar widebody order; BOAD backs Air Cote d'Ivoire; CADO established to operate IATA’s newly launched SAF Registry initiative.

March 20th Edition: How tariffs could reshape the aircraft market
March 20th 2025: In this issue: How tariffs could reshape the aircraft market; Record profits for BOC Aviation as it expects to add to scheduled deliveries for 2025; Udvar-Hazy to step down from Air Lease Corporation; Pre-tax income up 127% at Willis Lease in 2024; SMFL LCI adds scale with Macquarie Rotorcraft acquisition; Beautech teams up with JALUX to meet engine leasing demand; Jackson Square Aviation's Airbus order; DAE invest $1 billion in 17 new tech aircraft.