- August 7th: Sale-Leaseback opportunities to grow
- July 24th: Tariffs and their potential impact in the aircraft leasing sector
- July 10th: Optimism for EETC market return
- June 26th Edition: Paris Air Show orders
- June 12th edition: Positive market sentiments ahead of Paris 2025
- May 29th Edition: AWG's tariff recommendations
Leasing Business Engine and sale leaseback opportunities attract AerCap
Leasing Business AerCap record quarterly performance sees it raise earnings guidanceA busy Q2 for AerCap saw the lessor complete 116 asset deals which included signing 71 lease agreements. While activity levels remained strong the standout development was the c.$1 billion London court judgement in its case against its insurers in relation to aircraft assets lost in Russia. The lessor also revealed it recorded a 97% lease extension rate during the period, underlying the high demand for aviation assets. Leasing Business Air Lease reaches Russia case milestone in strong Q2Air Lease’s CEO and President John L. Plueger highlighted the high level of new aircraft deliveries, strong sales and increasing portfolio yield as the major drivers behind the lessors Q2 2025 performance which sees the lessors fleet grow to 495 aircraft in its owned fleet. The lessor also recognised a significant net benefit from its ‘Russian stranded assets’ claim, reaching a significant, and welcome, milestone as it continues to pursue litigation in London on the matter. |
In this issue In this issueIn this issue we see the fruits of lessors' legal strategies in relation to the 'Russian stranded assets' case bear fruit in the latest quarterly results of both AerCap and Air Lease, while DAE Capital shows the immediate benefits of its greater scale following the closing of its deal for NAC. The aviation ABS market also features with Castlelake’s second issuance in 2025 underlining issuers’ and investors’ enduring confidence in aviation assets despite uncertain markets. Aviation ABS Castlelake’s second ABS deal of 2025 keeps market issuance on course for strong year
Leasing Business Revenues jump by a quarter at DAE following NAC acquisitionIn its first quarterly results since the closing of its acquisition of Nordic Aviation Capital, DAE Capital has reported revenue growth of 24% to $843.6m. The deal for NAC saw DAE Capital’s fleet swell by almost 50% to 750 aircraft with the lessor having subsequently entered into a number of agreements to sell some non-core assets. DAE Capital has also recently agreed a sale leaseback deal for 10 aircraft with United Airlines. |
AerCap has received c.$1 billion as result of its case against its re/insurers in the London Commercial Court. While it continues to pursue claims in relation to a number of asset, for the most part this latest judgement, along with previously agreed settlements, largely puts a line under the ‘Russian stranded assets’ episode for the lessor. The compensation has seen a record quarterly performance for AerCap and reduced its debt to equity ratio well below its 2.7x target with the lessor’s leadership team giving insight into where it plans to put its excess capital to work.
Investment manager Castlelake has successfully returned to the market with its second aircraft-backed ABS of 2025 with the 12 year weighted average age of the portfolio backing Castlelake Aircraft Structured Trust 2025-2 (CLAS 2025-2) in line with its earlier issuance in January. After a strong start to the year, aircraft ABS issuance paused as the market digested what the US’ tariff policy swings could mean for the aviation market. However, this latest issuance, as well as other issuances to date in Q3 from Carlyle (also its second deal in 2025) and Willis Lease, show confidence amongst issuers and investors despite the broader economic uncertainties.