- Latest edition September 4th: The latest move in the quest for scale
- Latest edition August 21st: Lessors report record earnings
- 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
Leasing Business Sumitomo-led consortium agrees deal for NYSE-listed Air Lease
ABS Insurance settlements boost Russia-exposed aircraft ABS dealsGlobal credit ratings agency KBRA's latest report analyses the impact of Russian 'stranded' assets and subsequent insurance payments on aircraft-backed ABS transactions. It shows that of the 28 KBRA-rated transactions, 10 have been repaid in full while of the 18 remaining transaction 11 have received insurance-related proceeds. Meanwhile, lessor settlements with insurers continue to be announced. Aviation Investment AIP partnership to focus on JOLCO opportunitiesAIP Capital are teaming up with BeYoke Capital to target Japanese investors with JOL and JOLCO opportunities. The move is one of a number of recent developments in the JOLCO space, including GA Telesis' first JOLCO, that show the attractions this market has for aircraft lessors, financiers and airlines in helping to diversify financing options. |
In this issue In this issueThe quest for scale continues to drive consolidation amongst leading lessors and platforms and the move by a consortium which includes top three global lessor SMBC Aviation Capital, and one of its major shareholders, to take Air Lease private, looks set to make SMBC Aviation Capital a 1,000 aircraft leasing business. In this issue we also include analysis from global credit rating agency KBRA who provide an update on aircraft ABS deals impacted by assets lost in Russia as well as the latest activity in the JOLCO space and aircraft orders. Leasing Business Take private of Air Lease will reshape the aircraft leasing sectorThe latest major consolidation in the aircraft leasing sector will immediately give greater scale to SMBC Aviation Capital, as it will act as servicer to newly established Sumisho Air Lease. With the lessor also set to acquire Air Lease's attractive open orderbook it will see its future growth pipeline swell and accelerate while also bypassing the current long lead times associated with new aircraft orders with delivery slots for the popular A320 and 737 family aircraft now available in the 2030s. Aircraft Orders Macquarie AirFinance orders 30 MAXs
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A group of investors led by Japan’s Sumitomo Corporation and including one of the world’s largest lessors SMBC Aviation Capital as well as private equity giant Apollo and alternative asset manager Brookfield (who bought a majority stake in aviation finance business Castlelake in 2024) have reached a definitive agreement to acquire the New York Stock Exchange-listed Air Lease Corporation in an all cash deal. The deal values Air Lease at approximately $7.4 billion and upon closing will see the company renamed Sumisho Air Lease.
Macquarie AirFinance is the latest lessor to build out its orderbook with a 30 aircraft deal with Boeing. This is the lessor's second direct order from Boeing having ordered 40 737 MAXs in 2024 and brings its order backlog to above one hundred aircraft as part of its long term growth strategy. Meanwhile, Boeing also agreed significant deals with WestJet and Korean Air.