- Latest edition October 1st: AerCap unsecured notes issuance signals higher lessor funding costs
- September 17th edition: Neuberger follows up Mustang investment with new debt platform
- September 3rd edition: La Caisse goes again with its leasing JV
- August 20th edition: FTAI launches second mid-life current tech fund
- August 6th edition: ACG aims to become a Top 5 lessor
- July 23rd edition: Aviation ABS issuance has already surpassed the prior full-year record for 2025.
Capital markets AerCap’s latest note issuance shows price of funding for lessors risingAerCap priced its most recent unsecured notes issuance in late September, its third issuance of the year, with the increase in pricing when compared to its January 2026 issuance indicating increasing unsecured funding costs for the aircraft leasing market. Leasing Strategy Azorra strategy awarded with upgrade from S&P
Leasing Business Lesha Bank boosts portfolio with major Avolon tradeLesha Bank has followed up its recent acquisitions, including AA4+, with a deal to buy another portfolio of aircraft, this time from Avolon. The agreement will see the bank’s specialist investment structure acquire 33 aircraft, currently on lease to 25 airlines, on behalf of Lesha Aviation Fund. The deal brings its portfolio to 75 aircraft and is the next step in its goal to grow its Shari’a-compliant aviation investment platform into a pillar of the bank’s business. |
In this issue In this issueFunding costs feature in this issue with the pricing for AerCap’s recent notes issuance notably higher than its earlier issuances this year, indicating a rise in the cost of unsecured debt for aircraft lessors. We also look at Azorra’s progress in executing its growth strategy, which has been rewarded with a credit rating upgrade from S&P Global Ratings and we analyse two recent portfolio trades and what they mean for the buyers, FTAI and Lesha Bank. Leasing Business FTAI lease and part-out deal helps WestJet kick off its 737-700 retirement plans
Aircraft Leasing Avation returns to profit, reports strong progress on debt reductionThe latest financial results from Avation point to ‘a significant year of progress’ according to the listed lessor’s executive chairman Jeff Chatfield which has seen it return to profit in the year to end of June 2026, significantly reduce its outstanding debt and receive an upgrade from S&P Global Ratings. |
The lessor's CFO said the recognition for the strong progress on executing its investment and financing strategies is 'another step' in its broader goal of achieving investment-grade ratings. S&P Global Ratings has raised Azorra's issuer credit rating to ‘BB’ from ‘BB-’ with the company's outlook revised to Stable from Positive. The credit rating agency said it expected the lessor's orderbook pipeline and secondary market transactions to 'continue to support fleet expansion and revenue growth over the next 12-24 months.'
Following quickly on from closing a major financing deal for its second aircraft investment fund, FTAI has agreed a deal for 27 WestJet aircraft that will feed into both its fast-scaling current technology narrowbody aircraft leasing business as well as its long-standing, core engine maintenance, repair and exchange business.