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IBA Insight

A man in a high visibility jacket and ear defenders stands in front of a Dash 8 Q400 turboprop aircraft with a grey sky in the background
文章

Ask the Appraiser - How are Regional Jet and Turboprop aircraft values performing?

In the second edition of our ‘Ask the Appraiser’ webinars, our experts Jonathan McDonald and Phil Seymour examine the trajectory of regional jet and turboprop aircraft values, identifying the hottest trends and the impact of macroeconomic factors on the market.

An orange, red and white COMAC ARJ21 aircraft lifting off from a runway
文章

Ask the Appraiser - valuing the COMAC ARJ21

Our experts shine a light on the value and lease rate outlook for the ARJ21 and look at the wider market outlook for the Chinese regional jet.

A boeing 747-400 freighter aircraft on takeoff with a grey sky behind
文章

Ask the Appraiser – how are freighter values performing?

In the first in our series of ‘Ask the Appraiser’ webinars, our experts Jonathan McDonald and Mike Yeomans examined the trajectory of freighter values, identified the hottest trends in P2F conversions, and explored the impact of macroeconomic factors on the air cargo market.

A LATAM Boeing 787 Dreamliner jet aircraft landing on a runway at an airport with buildings in the background
文章

Latin America leads global capacity recovery

IBA Insight has revealed that the Latin American region is leading global air traffic recovery, with capacity now exceeding pre-pandemic levels recorded in 2019.    

a loganair embraer jet taking off from an airport with sky and other airplanes in the background
文章

Why Loganair is a unique prospect for it's next owners

IBA's Manager of Airline Analysis Neil Fraser shares his perspectives on the sale of Scottish carrier Loganair.

Transavia plan to utilise Airbus A320neo in France next year
文章

Transavia plan to utilise Airbus A320neo in France next year

IBA's Neil Fraser comments on Transavia's likely deployment of Airbus aircraft for summer 2023.

a boeing 747 jet passenger aircraft on takeoff with a blue sky in the background
文章

Israeli 4 engine ban will most likely hit converted 747 freighters

Israel has announced the ban of four-engine aircraft in Israeli airspace, in an effort to reduce noise and air pollution. Whilst the ban is mandated to come into effect from March 2023, it is believed that operators may be discouraged from operating such aircraft even sooner.

3 key factors that drive global fleet efficiency
文章

3 key factors that drive global fleet efficiency

IBA's ESG Consultancy experts use IBA NetZero to regularly track the CO2 efficiency of the global commercial aircraft fleet.

A black and white Airbus A350 passenger jet aircraft climbing into a blue sky with few cloudssky with wheels down
文章

Widebody aircraft values update – August 2022

IBA's expert team share the latest updates to widebody commercial aircraft values as part of our mid-year market update webinar.

A group of passengers in a terminal building at an airport
文章

3 challenges to continued air traffic recovery

Aviation intelligence from IBA Insight reveals 3 key challenges that are slowing the global recovery of air traffic.

An Airbus A320 neo aircraft jet on the ground at an airport with open windows and flags in the cockpit
文章

Narrowbody aircraft values update – August 2022

IBA's expert team share the latest updates to commercial aircraft values as part of our mid-year market update webinar.

U.S. expected to approve inspection plans and allow resumption of 787 deliveries
文章

U.S. expected to approve inspection plans and allow resumption of 787 deliveries

It has been reported that the US Federal Aviation Administration (FAA) may have approved Boeing's inspection and modification plan for the 787-9 Dreamliner aircraft, which would allow the OEM to resume deliveries of the type.

passengers board a wizz air airbus a320 aircraft using a set of steps with mountains and a blue sky in the background
文章

Airline capacity reduces by 16% amidst schedule cuts

In our recent Mid-Year Market Update webinar, our experts used IBA Insight to explore the impact of airline schedule cuts on capacity and mapped the likely trajectory for the coming months.

Boeing dominates Farnborough airshow aircraft orders, but Airbus dominates global backlog
文章

Boeing dominates Farnborough airshow aircraft orders, but Airbus dominates global backlog

Using IBA Insight, we summarise key highlights from the Farnborough Airshow 2022.

A line up of Frontier Airlines airbus aircraft on the ground at an airport
文章

Ranked - The most efficient domestic airline operations in North America

Carbon emissions data from IBA NetZero has revealed the most efficient airlines operating in the North American domestic market on a CO2 per-seat per-mile basis.

A commercial airliner Airbus A320 on the ground at an airport with a mountain in the background.
文章

Asia Pacific region leads airline start-ups in 2022-2023

One year beyond our original analysis, we have re-examined the global picture for start-ups, identifying where they are, and the classes of aircraft they plan to use by 2023.

People move around a busy airport terminal building
文章

Airline and airport capacity at highest levels since 2019 this summer

Our research reveals a positive overall trend in global capacity at airlines and airports globally, with performance edging ever closer to 2019 levels. Using this intelligence, we have mapped out the best and worst performing areas by airline and airport capacity as of mid-2022.  

An SAS Airbus A350 in flight in blue cloudless skies
文章

单位二氧化碳排放改善效果最佳的航空公司排名

由IBA Insight提供的航空情报表明，自2019年以来，许多行业权威国际航空公司的二氧化碳排放量减少了17%。随之而来的是，自2018年2月以来，民航二氧化碳排放总体下降5.9%。（以每座每公里二氧化碳排放量计算）

A digital rendering of an Akasa Air Boeing 737 MAX aircraft in flight
文章

2022年至2023年值得关注的4家初创航空公司

供职于IBA的Finlay Grogan对我们在未来几个月内即将密切关注的4家来自于不同国家的初创运营商进行了重点介绍。

commercial airline aircraft parked at an airport in the rain
文章

疫情时期广受压抑的旅游需求得以释放，延缓了航空公司的倒闭进程

介绍：IBA首席经济学顾问Stuart Hatcher博士指出，旅行需求正在改变石油价格、美元价格和航空公司倒闭之间的关系。

A digital render of a Boeing 737 Max 10 aircraft in flight
文章

Which IAG airlines will operate the high-density 737 MAX?

Following IAG's order for the Boeing 737 MAX 8200 and Boeing 737 MAX 10, our experts explore which IAG airlines are likely to operate the high density variant.

A Boeing 787 Dreamliner on takeoff from an airport with grass, runway and sky in the background
文章

Carbon Index Spotlight on Airlines, Aircraft and Lessors - April 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for April 2022 includes a spotlight on ABS structures.

A Comac C919 passenger jet aircraft on takeoff with sky and buildings in the background
文章

Who has ordered the most Comac C919 aircraft?

As the first customer C919 completes its inaugural test flight, we look at the largest orders for the Chinese narrowbody.

A digital rendering of an Embraer 190 passenger to freighter conversion aircraft in the livery of Nordic Aviation Capital (NAC)
文章

Nordic Aviation Capital confirmed as launch customer for Embraer E-Jet freighters

What does the first order for E-Jet conversion slots mean for Embraer's freighter conversions?

A Boeing 737 jet cargo aircraft with it's cargo door open
文章

Boeing 737-800 leads passenger to freighter fleet growth in 2022

Our recent webinar highlighted the aircraft types driving the growth in global passenger to freighter conversions.

The updated brand logo icon for IBA Group. Insights in flight.
文章

Welcome to the new-look IBA. Insights in flight.

IBA is pleased to unveil exciting updates to our brand and services.

A group of Russian S7 airlines Airbus A320 jet airliner aircraft with airbridge steps attached at an airport
文章

How many leased aircraft have returned from Russia?

How many leased aircraft have been recovered from Russia by aircraft leasing companies?

A Ural airlines Airbus A320 passenger jet on the ground at an airport with grass and sky in the background
文章

How many aircraft are being illegally re-registered by Russian airlines?

We take a look at how many aircraft have been re-registered in Russia to circumvent sanctions on Russian aviation.

A visualisation of a dial labelled CO2 being turned down by a hand
文章

Carbon Index Spotlight on Airlines, Aircraft and Lessors - March 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for March 2022 includes a spotlight on regional aircraft lessors.

A passenger in an airport with a suitcase
文章

UK airline capacity will be close to 2019 levels in Summer 2022

Using schedules data, we explored UK airline seat capacity as we move into the Summer season of 2022, identifying that seat capacity is likely to reach just short of 30 million seats by August 2022.

A group of Aeroflot aircraft at the gates of Moscow airport
文章

How long can Russian airlines maintain their aircraft?

IBA's experts examine how long Russian operators can keep aircraft flying with a limited supply of parts.

Passengers wandering aimlessly through airport departures with an EasyJet aircraft in the background
文章

Why the post-Covid travel boom is compounding flight delays in the UK

Exploring the connection between an increase in flights and cancellations in the UK, April 2022.

A Swiss Airbus A220 aircraft
文章

Regional aircraft engine values update - March 2022

The latest trends in regional aircraft engines you need to know, powered by IBA's InsightIQ.

A jet engine fitted to an Aeroflot aircraft in flight
文章

Which aircraft engines are most exposed to the Ukraine crisis?

IBA's insight has identified that engine lessors are far less exposed to the impacts of the Ukraine Crisis than aircraft lessors.

A view of an orange jet engine fitted to an EasyJet Airbus A320neo aircraft
文章

Utilisation driving greater value stability for narrowbody aircraft engines

The latest trends in narrowbody aircraft engines you need to know, powered by IBA Insight.

A view from the wing of a Boeing 747-400 aircraft showing wingtip and jet engines
文章

Freighters buck the trend in latest widebody aircraft engine values

The latest trends in aircraft engines you need to know, powered by IBA Insight.

An Air Transat A321neo aircraft in flight in a cloudy sky
文章

Narrowbody vs widebody - which aircraft are more profitable and efficient on transatlantic routes?

We use our Carbon Emissions Calculator to examine the profitability and CO2 implications of the transatlantic narrowbody.

The China Eastern Airlines Boeing 737 aircraft involved in the crash of March 2022
文章

Which routes are most effected by the grounding of China Eastern's 737-800 fleet?

What would wider grounding of the Boeing 737-800 mean for domestic operations in China?

An image of a cargo plane being loaded with freight
文章

4 Key air cargo trends to watch for in 2022

Using a combination of data sources together with IBA's own research and leading InsightIQ aviation intelligence platform, we have identified 4 key trends that will define the performance of the air freight market in 2022.

A LOT Boeing 787 Dreamliner aircraft on the ground against the backdrop of a blue sky
文章

Widebody aircraft value trends update - February 2022

IBA's InsightIQ has identified key widebody aircraft value trends, published in our latest aircraft values webinar.

A Lufthansa Airbus A320 jet aircraft on the ground at an airport
文章

Narrowbody aircraft value trends update - February 2022

IBA's InsightIQ has identified key narrowbody aircraft value trends, published in our latest aircraft values webinar.

A visual representation of a hand turning a dial reading 'CO2'
文章

Carbon Index Spotlight on Airlines, Aircraft and Lessors - February 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for February 2022 includes a spotlight on the CO2 efficiency of popular aircraft engines fitted to widebody and narrowbody aircraft.

A United Airlines Boeing 777-300 aircraft in flight
文章

Which full service airlines have the most aircraft orders?

Airline fleet data from IBA's InsightIQ aviation intelligence platform reveals the top 5 full-service airlines by aircraft orders, showcasing fleet renewal strategies.

An IndiGo Airbus A320neo jet in flight takeoff
文章

Which low-cost airlines have the most aircraft orders?

Airline fleet data from IBA's InsightIQ aviation intelligence platform reveals the top 5 most active low-cost airlines by aircraft orders, showcasing fleet renewal strategies.

An Aeroflot Russian Airlines A320 in flight
文章

Russia & Ukraine - Which aircraft lessors are most impacted by sanctions?

Which aircraft leasing companies are most exposed to economic sanctions on Russia?

A virgin atlantic airways Airbus A350-1000 XWB in flight
文章

Virgin Atlantic commits to Sustainable Aviation Fuel agreement with ExxonMobil and Neste

Virgin Atlantic recently signed a new deal with Neste and ExxonMobil to supply 2.5 million litres of Sustainable Aviation Fuel 'SAF', which is expected to be delivered to London Heathrow airport in the first half of 2022.

A Boeing 767-300ER freighter aircraft operated by UPS airlines in flight with landing gear down
文章

Which aircraft make the most cost-efficient freighter conversions?

Which commercial aircraft make the most cost-effective freighter conversions? We use InsightIQ to examine the state of play in the market.

A computerised rendering of a Singapore Airlines Airbus A350F Freighter aircraft in flight above the clouds
文章

Airbus dominates commercial aircraft orders at the Singapore Air Show 2022

Aviation Intelligence data from IBA's InsightIQ reveals 88 firm total aircraft orders were received from 4 airlines and 1 lessor at the 2022 Singapore Air Show. An additional airline signed a letter of intention for 7 Airbus aircraft.

A Jazeera Airways A320neo taking off. Image from Jazeera Airways
文章

Jazeera Airways orders 28 Airbus A320neo and A321neo aircraft

Jazeera Airways has confirmed an order for 28 Airbus A320neo family aircraft. The Kuwaiti airline's order includes 20 A320neo aircraft and 8 A321neo aircraft, and confirms a Memorandum of Understanding announced in November 2021.

Carbon Index Spotlight on Aircraft, Airlines and Lessors - January 2022
文章

Carbon Index Spotlight on Aircraft, Airlines and Lessors - January 2022

IBA has published it's updated aviation Carbon Emissions Index, ranking the best performing aircraft, airlines and lessors by CO2 emissions.

环境

A ryanair aircraft on the ground at an airport next to a fuel truck
文章

Carbon Index Spotlight on Airlines, Aircraft and Lessors - October 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. In our latest analysis, we use IBA NetZero to shine a light on regional attitudes to emerging CORSIA emissions regulation.

An embraer aircraft taking off from a runway
文章

Take your emissions analysis and mitigation strategies to the next level

Our aviation emissions intelligence platform is designed to give you breadth, accuracy, and analytical superpowers!

AN Air Transat Airbus A321neo aircraft on the ground at an airport with a blue sky in the background
文章

New generation aircraft to drive further emissions efficiency improvements by 2025

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis leverages IBA NetZero's scenarios and projections to forecast the mix of emissions by aircraft type in 2025 based on expected retirements and deliveries.

an aircraft in flight in a blue sky
文章

Carbon Index Spotlight on Airlines, Aircraft and Lessors - August 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for August 2022 includes a spotlight on the most efficient airlines globally by region.

a boeing 747 jet passenger aircraft on takeoff with a blue sky in the background
文章

Israeli 4 engine ban will most likely hit converted 747 freighters

Israel has announced the ban of four-engine aircraft in Israeli airspace, in an effort to reduce noise and air pollution. Whilst the ban is mandated to come into effect from March 2023, it is believed that operators may be discouraged from operating such aircraft even sooner.

3 key factors that drive global fleet efficiency
文章

3 key factors that drive global fleet efficiency

IBA's ESG Consultancy experts use IBA NetZero to regularly track the CO2 efficiency of the global commercial aircraft fleet.

Carbon Index Spotlight on Airlines, Aircraft and Lessors - July 2022
文章

Carbon Index Spotlight on Airlines, Aircraft and Lessors - July 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for June 2022 includes a spotlight on the efficiency of lessors, focussed on regional jets and turboprops.

An ANA Boeing 787 dreamliner sits at a gate at an airport surrounded by catering trucks and service vehicles
文章

Ranked – the most efficient lessors in the Asia Pacific region

Aviation carbon emissions intelligence from IBA NetZero has revealed the most efficient major aircraft lessors in the Asia Pacific region on a CO2 per-seat per-mile basis.

Carbon Index Spotlight on Airlines, Aircraft and Lessors - June 2022
文章

Carbon Index Spotlight on Airlines, Aircraft and Lessors - June 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for June 2022 includes a spotlight on the efficiency of lessors in the APAC region.

When will new aviation technologies become available?
文章

When will new aviation technologies become available?

As part of our recent webinar, ‘Net Zero – an impossible target for aviation?' our experts explored the 4 new technologies in aviation decarbonisation, and the realistic timescales for their introduction.

Volotea – the most improved short haul airline in Europe by unit CO2 emissions
文章

Volotea – the most improved short haul airline in Europe by unit CO2 emissions

Co2 emissions data from IBA NetZero has revealed that Volotea has shown the most significant improvement in scope one CO2 emissions since 2019. This is based on unit CO2 emissions per available seat kilometre.

A line up of Frontier Airlines airbus aircraft on the ground at an airport
文章

Ranked - The most efficient domestic airline operations in North America

Carbon emissions data from IBA NetZero has revealed the most efficient airlines operating in the North American domestic market on a CO2 per-seat per-mile basis.

An american airlines jet on the ground at an airport surrounded by vehicles, with an orange sky in the background
文章

Carbon Index Spotlight on Airlines, Aircraft and Lessors - May 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest retrospective analysis for May 2022 includes a spotlight on the North American domestic market.

A pair of hands cradle a globe with an aircraft in flight
文章

Forecasting aviation's future: IBA launches NetZero

IBA is pleased to announce the launch of IBA NetZero. This revolutionary tool enables the aviation industry to model risk by simulating and forecasting the cost of future emissions mitigation.

An SAS Airbus A350 in flight in blue cloudless skies
文章

单位二氧化碳排放改善效果最佳的航空公司排名

由IBA Insight提供的航空情报表明，自2019年以来，许多行业权威国际航空公司的二氧化碳排放量减少了17%。随之而来的是，自2018年2月以来，民航二氧化碳排放总体下降5.9%。（以每座每公里二氧化碳排放量计算）

A Boeing 787 Dreamliner on takeoff from an airport with grass, runway and sky in the background
文章

Carbon Index Spotlight on Airlines, Aircraft and Lessors - April 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for April 2022 includes a spotlight on ABS structures.

A jet airliner aircraft being refuelled at an airport with a fuel truck in the foreground
文章

Sustainable Aviation Fuel offtake agreements ramp up after 2021 peak

IBA's Tim Boon looks at the ramp up in Sustainable Aviation Fuel offtake agreements since 2013.

A visualisation of a dial labelled CO2 being turned down by a hand
文章

Carbon Index Spotlight on Airlines, Aircraft and Lessors - March 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for March 2022 includes a spotlight on regional aircraft lessors.

A British Airways Airbus A320neo aircraft in flight in a cloudy sky with wheels extended
文章

British Airways takes delivery of first UK commercially produced SAF

British Airways has taken delivery of UK-made Sustainable Aviation Fuel from Phillips 66 Limited

An Air Transat A321neo aircraft in flight in a cloudy sky
文章

Narrowbody vs widebody - which aircraft are more profitable and efficient on transatlantic routes?

We use our Carbon Emissions Calculator to examine the profitability and CO2 implications of the transatlantic narrowbody.

A visual representation of a hand turning a dial reading 'CO2'
文章

Carbon Index Spotlight on Airlines, Aircraft and Lessors - February 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for February 2022 includes a spotlight on the CO2 efficiency of popular aircraft engines fitted to widebody and narrowbody aircraft.

A virgin atlantic airways Airbus A350-1000 XWB in flight
文章

Virgin Atlantic commits to Sustainable Aviation Fuel agreement with ExxonMobil and Neste

Virgin Atlantic recently signed a new deal with Neste and ExxonMobil to supply 2.5 million litres of Sustainable Aviation Fuel 'SAF', which is expected to be delivered to London Heathrow airport in the first half of 2022.

Carbon Index Spotlight on Aircraft, Airlines and Lessors - January 2022
文章

Carbon Index Spotlight on Aircraft, Airlines and Lessors - January 2022

IBA has published it's updated aviation Carbon Emissions Index, ranking the best performing aircraft, airlines and lessors by CO2 emissions.

Can US airlines sustainably grow fleets with SAF and fleet renewal?
文章

Can US airlines sustainably grow fleets with SAF and fleet renewal?

IBA's explores how 4 major US airlines could use Sustainable Aviation Fuels, carbon offset and fleet renewal to grow their fleets whilst avoiding an increase in overall CO2 emissions.

A graphical illustration of a reduction in CO2 emissions
文章

Carbon Index Spotlight on Aircraft, Airlines and Lessors - December 2021

IBA has published it's updated aviation Carbon Emissions Index, ranking the best performing aircraft, airlines and lessors by CO2 emissions.

Carbon Index Spotlight on Aircraft, Airlines and Lessors - November 2021
文章

Carbon Index Spotlight on Aircraft, Airlines and Lessors - November 2021

IBA has published it's updated aviation Carbon Emissions Index, ranking the best performing aircraft, airlines and lessors by CO2 emissions.

A British Airways Airbus A320 passenger jet airliner on the ground at Gatwick Airport with Norwegian Air and EasyJet aircraft parked in the background
文章

How to Verify Airline CO2 Emissions Results

Discover how our Carbon Emissions Calculator can independently verify an operator's reported Scope 1 CO2 emissions.

Carbon Index Spotlight on Aircraft, Airlines and Lessors - October 2021
文章

Carbon Index Spotlight on Aircraft, Airlines and Lessors - October 2021

IBA has published it's updated aviation Carbon Emissions Index, ranking the best performing aircraft, airlines and lessors by CO2 emissions.

A row of British Airways long haul jet airliner aircraft on the ground at Heathrow Airport in London
文章

IAG CO2 Emissions Independently Verified by IBA Carbon Emissions Calculator

We compared CO2 emissions data published by IAG to IBA's InsightIQ Carbon Emissions Calculator, identifying a close correlation between the results.

Passengers boarding a Ryanair Boeing 737 aircraft with door open and airstairs extended
文章

Ryanair CO2 Emissions in line with IBA's Carbon Emissions Calculator

CO2 emissions data published by Ryanair matches closely to figures from IBA's InsightIQ Carbon Emissions Calculator, highlighting the fidelity of IBA's CO2 data.

A Kenya Airways Boeing 787 in flight above trees with wheels down
文章

Kenya Airways - Fleet and CO2 Emissions Analysis

We used InsightIQ to look at the Kenya Airways fleet, and CO2 emissions trends on flights between London and Nairobi.

A Qatar Airways Airbus A330 jet passenger aircraft on take off with landing gear down.
文章

Aviation Carbon Emissions Case Study - Qatar Airways

Using data from IBA's InsightIQ Carbon Emissions Calculator, we demonstrate a CO2 emissions analysis for the widebody aircraft fleet of Qatar Airways.

Carbon Index Spotlight on Aircraft, Airlines and Lessors - September - October 2021
文章

Carbon Index Spotlight on Aircraft, Airlines and Lessors - September - October 2021

View our Carbon Index Spotlight data for October 2021

A preview of IBA's aviation Carbon Emissions Index on an Apple iPad tablet computer
文章

Benchmark Aviation CO2 Emissions with IBA's Carbon Emissions Index

IBA is proud to announce the launch of our new Aviation Carbon Emissions Index. A new standard for aviation CO2 analysis.

A digital rendering of a Faradair BEHA electric aircraft taking on passengers on the ground at an airfield
文章

5 Things you wanted to know about electric aircraft

Using your queries, we have endeavoured to answer 5 top questions you had about electric aircraft.

An aerial view of Cornwall's Newquay Airport showing runways, taxiways and surrounding fields
文章

Cornwall Newquay Airport Experiences Resurgence in Domestic Travellers

We combined analysis from IBA's aviation intelligence platform InsightIQ with other sources to examine the resurgence of air travel to Cornwall, one of the UK's most popular staycation destinations.

A Wizz Air A321 NEO aircraft on an airport runway, with thrust reversers and spoilers open, and landing gear down.
文章

威兹航空二氧化碳排放量与IBA碳排放计算器数据一致

威兹航空最近公布的二氧化碳排放数据与IBA的InsightIQ碳排放计算器的数据十分吻合。

A digital render of an Airbus A321 NEO aircraft in Jet2 livery
文章

Jet2 Places Order for 36 A321neo as part of Fleet Renewal Plans

British low-cost leisure airline Jet2 has placed an order for 36 Airbus A321 NEO aircraft according to news published by Airbus on 31 August 2021. Image: Airbus

An Airbus A321 NEO LR aircraft in flight amongst the clouds
文章

Airbus A321 Neo LR - The New Go-to for Green Transatlantic Travel?

With the steady rise in narrowbody aircraft flying across the pond, is the Airbus A321neo LR the new 'go-to' transatlantic narrowbody aircraft for the environmentally and money conscious traveller and operator?

A China Airlines Cargo Boeing 747-400 Freighter in flight
文章

Aviation Intelligence - How Green is China's Aviation Industry?

Since the 1980's, China's aviation sector has seen a rapid rise from being virtually non-existent in the late 20th century, to the second largest in the world by 2005.

Aviation Intelligence - DHL Express orders 12 Electric Alice Aircraft
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Aviation Intelligence - DHL Express orders 12 Electric Alice Aircraft

DHL Express has placed an order for 12 electric Eviation Alice aircraft, with delivery anticipated in 2024. The order represents the freight operator's first foray into electric aircraft.

How will French Domestic Flight ban effect Air France Emissions?
文章

How will French Domestic Flight ban effect Air France Emissions?

Covid-19 has dealt a significant blow to air travel demand in Europe, and the emergence of multiple variants and the relatively slow vaccination rollout have exacerbated the market's struggles.

Aviation Intelligence - Lufthansa Fleet Evolution Drives Reduction in Carbon Emissions
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Aviation Intelligence - Lufthansa Fleet Evolution Drives Reduction in Carbon Emissions

Intelligence from IBA's InsightIQ Carbon Emissions Calculator has identified a significant drop in Lufthansa's Carbon footprint, driven by an aircraft evolution strategy across the passenger fleet.

Rolls Royce Commits to 100% Sustainable Aviation Fuel Capability for Civil Aircraft Engines
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Rolls Royce Commits to 100% Sustainable Aviation Fuel Capability for Civil Aircraft Engines

Rolls-Royce are to test all its civil aircraft engines currently in production to ensure their compatibility with 100%-sustainable aviation fuel by 2023.

A320 NEO Reduces Carbon Emissions by 18% on EasyJet Gatwick to Tenerife Route
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A320 NEO Reduces Carbon Emissions by 18% on EasyJet Gatwick to Tenerife Route

Using unique data from IBA's InsightIQ Carbon Emissions Calculator, we analysed EasyJet flights between London Gatwick Airport and Tenerife South Airport.

Will Open Rotor Engines be the next great leap in Decarbonisation?
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Will Open Rotor Engines be the next great leap in Decarbonisation?

General Electric and Safran Group are to collaborate on development of a viable open rotor engine, 'RISE', destined to power narrowbody aircraft by the mid-2030's. The joint venture between the US and French aero engine giants intends to make workable a concept first touted in the 1970s. The open rotor engine dispenses with the traditional pod housing the fan blades seen on high bypass turbofan engines.

Airline Industry Analysis: The Impact of Oil Prices & Coronavirus
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Airline Industry Analysis: The Impact of Oil Prices & Coronavirus

The historic correlation between high oil prices and airline failures is a proven trend. Combined with Coronavirus, they represent a clear and present danger to airlines.

How will Sustainable Aviation Fuel and New Gen Aircraft Impact British Airways Carbon Emission Efficiencies?
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How will Sustainable Aviation Fuel and New Gen Aircraft Impact British Airways Carbon Emission Efficiencies?

Tim Boon, Senior Aviation Analyst, IBA Advisory, uses InsightIQ Carbon Emissions Calculator to explore British Airways's LAX-LHR route and how new gen aircraft and sustainable aviation fuel could impact carbon emission efficiencies.

Carbon Emissions Calculator: Opportunities for Lessors
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Carbon Emissions Calculator: Opportunities for Lessors

There are various strategies lessors can adopt to reduce their fleets' carbon emissions and, in doing so, potentially benefit from lower financing costs, strengthen their investor relations' story and develop a greater competitive advantage with lessees.   IBA outlines two key strategies: purchasing new technology planes with lower emissions levels and committing to offsetting a proportion of the emissions their lessees generate.   1. Buying new technology planes with lower emissions Airframe and engine OEMs are working on many initiatives that will improve technology and produce more efficient and potentially carbon free aircraft, but this is evidently a longer-term proposal. In the medium term, buying new gen technology planes will potentially provide a good investor relations story, fit with many airlines long term strategies and also potentially provide a 'Greenium' benefit, with access to lower cost finance. 2. Offsetting proportions of carbon emissions generated by the lessee There are three offsetting options, the impact of which can be calculated using rich intelligence from the InsightIQ platform and newly launched Carbon Emissions Calculator (CEC).   Voluntary offset schemes at $3/tonne High quality offset schemes at $13/tonne Buying and holding emissions allowances from the EU Emissions Trading Scheme (ETS)   Source: IBA InsightIQ CEC   Read the full case study here   Based on calculations and analysis from InsightIQ CEC, we conclude that buying and holding Emissions Allowances from the EU ETS may be the most efficient carbon reduction strategy for lessors. Although upfront costs are higher, buying emissions allowances at the start of a lease and holding them until lease end is an investment. Current market expectation is that these assets will appreciate in value by 70% - 75% by 2030. Investors will therefore have an opportunity to profit from their re-sale at lease end. Emissions trading also enjoys high environmental integrity as a regulated market. To understand the maths behind this conclusion, we have created the following Case Study:   Case study- Airbus A321 neo (Non-ACF/ACTs) with LEAP-1A33 Engine A lessor can commit to offset emissions as a competitive differentiator in a bid to win a lessee. Using the example of a new A321neo narrowbody bought in April 2021 for US$ 56M and offered on a 12-year notional US$ 360K monthly rental, its residual asset value will be US$ 35M at lease end. We can mine the emissions information our CEC generates to calculate the following CO2 outcomes to calculate the offset costs and impact on IRR.   All Data used and displayed in this article is derived from IBA's proprietary data platform IBA InsightIQ.   If you have any further questions or comments please contact: Ian Beaumont Sign up for a demo

IBA's Aviation And The Environment, February 2021
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IBA's Aviation And The Environment, February 2021

In response to widespread demand, IBA's Tim Boon delivers an update on sustainable aviation finance and green initiatives for 2021. This popular report provides the latest on ESG regulation and compliance, green financing initiative and new developments in SAF and OEM advances.

估值

A man in a high visibility jacket and ear defenders stands in front of a Dash 8 Q400 turboprop aircraft with a grey sky in the background
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Ask the Appraiser - How are Regional Jet and Turboprop aircraft values performing?

In the second edition of our ‘Ask the Appraiser’ webinars, our experts Jonathan McDonald and Phil Seymour examine the trajectory of regional jet and turboprop aircraft values, identifying the hottest trends and the impact of macroeconomic factors on the market.

An orange, red and white COMAC ARJ21 aircraft lifting off from a runway
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Ask the Appraiser - valuing the COMAC ARJ21

Our experts shine a light on the value and lease rate outlook for the ARJ21 and look at the wider market outlook for the Chinese regional jet.

A boeing 747-400 freighter aircraft on takeoff with a grey sky behind
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Ask the Appraiser – how are freighter values performing?

In the first in our series of ‘Ask the Appraiser’ webinars, our experts Jonathan McDonald and Mike Yeomans examined the trajectory of freighter values, identified the hottest trends in P2F conversions, and explored the impact of macroeconomic factors on the air cargo market.

A black and white Airbus A350 passenger jet aircraft climbing into a blue sky with few cloudssky with wheels down
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Widebody aircraft values update – August 2022

IBA's expert team share the latest updates to widebody commercial aircraft values as part of our mid-year market update webinar.

An Airbus A320 neo aircraft jet on the ground at an airport with open windows and flags in the cockpit
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Narrowbody aircraft values update – August 2022

IBA's expert team share the latest updates to commercial aircraft values as part of our mid-year market update webinar.

A Swiss Airbus A220 aircraft
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Regional aircraft engine values update - March 2022

The latest trends in regional aircraft engines you need to know, powered by IBA's InsightIQ.

A jet engine fitted to an Aeroflot aircraft in flight
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Which aircraft engines are most exposed to the Ukraine crisis?

IBA's insight has identified that engine lessors are far less exposed to the impacts of the Ukraine Crisis than aircraft lessors.

A view of an orange jet engine fitted to an EasyJet Airbus A320neo aircraft
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Utilisation driving greater value stability for narrowbody aircraft engines

The latest trends in narrowbody aircraft engines you need to know, powered by IBA Insight.

A LOT Boeing 787 Dreamliner aircraft on the ground against the backdrop of a blue sky
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Widebody aircraft value trends update - February 2022

IBA's InsightIQ has identified key widebody aircraft value trends, published in our latest aircraft values webinar.

A Lufthansa Airbus A320 jet aircraft on the ground at an airport
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Narrowbody aircraft value trends update - February 2022

IBA's InsightIQ has identified key narrowbody aircraft value trends, published in our latest aircraft values webinar.

A man reading an IBA Aircraft Market Intelligence Report on a laptop computer
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4 Top reasons to use IBA's Aircraft Market Intelligence Reports

IBA has launched new Aircraft Market Intelligence Reports, giving you best-in-class insight into prevailing and future aviation trends.

An Emirates Boeing 777-300ER aircraft on takeoff with landing gear extended and a control tower in the background
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Reviewing Airbus and Boeing Widebody Aircraft Values in 2021

IBA has recently updated InsightIQ with its latest widebody aircraft value opinions with respect to fixed-wing commercial passenger aircraft as of July 2021.

An Airbus A321neo jet airliner aircraft in flight
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Tracking Airbus and Boeing Narrowbody Aircraft Values in 2021

A review of narrowbody jet aircraft value trends in 2021

A Flybe Bombardier Dash 8 Q400 turboprop aircraft in flight
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Aircraft Values - Best Regional Aircraft of 2021

Regional air travel has proven a key driver in aviation recovery, but which jets and turboprops have performed best by value in 2021?

A DCH* Dash 8 Q400 aircraft on the ground at an airport, with a marshaller wearing a high visibility jacket in the foreground
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Turboprop Aircraft Values Show Positive Trends

Using aviation intelligence fleet and values data from our InsightIQ platform, IBA has published adjustments to aircraft values across the global Turboprop fleet.

An Embraer E175 Regional E Jet on the apron at an airport
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Smaller Regional Jets Show Positive Value Adjustments

Using aircraft values data from our InsightIQ aviation intelligence platform, IBA has published adjustments to regional jet aircraft values in August/September 2021.

An Airbus A320 NEO aircraft in flight, operated by IndiGo airlines.
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Newer Generation Narrowbody Aircraft Values Show Positive Trend

Newer generation narrowbody aircraft values are performing the strongest overall, with aircraft attracting good investor interest and displaying positive value trends.

A Cathay Pacific Boeing 777-300 aircraft taking off from a runway
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Older Widebody Aircraft Values Suffer Pandemic's Influence

IBA has adjusted base values for older widebody aircraft. Our analysis looks at the state of the market through the lens of two key aircraft types.

A Flyr Boeng 737-800. Source: Flyr
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Aviation Intelligence: Flyr Launches Norwegian Low-Cost Operation - June 2021

Norwegian airline Flyr officially started operations in June 2021, with a domestic network setup to operate from Oslo Gardermoen Airport (OSL). Flyr intends to operate using the low-cost carrier business model, with a demand driven business model.

Line graph
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Key Aircraft Values Trends to Expect in July 2021

In anticipation of IBA's forthcoming July Mid-Year Aircraft Values Update Webinar, we have been looking ahead at some key aviation industry trends to expect in aircraft valuations. Though many will not see base value adjustments for many aircraft asset types, we are forecasting further market value softening in 2021 for some.

Will HNA Group's Bankruptcy Send Hainan Airlines into a Tailspin?
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Will HNA Group's Bankruptcy Send Hainan Airlines into a Tailspin?

Jie Zhou, Senior Aviation Analyst, IBA Advisory, uses InsightIQ fleet and flights data to share a detailed view of HNA's current exposure and explore what the restructuring process could mean for lessors.

Airport Landing Slot Values; Heathrow Pre- and Post-Covid and the Battle for Airport Slots
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Airport Landing Slot Values; Heathrow Pre- and Post-Covid and the Battle for Airport Slots

Senior Aviation Analyst Youcef Berour Minarro investigates the airport slot market, the impact of Covid-19 at London Heathrow, and the outlook for future slot values.   This paper has been prepared to give an overview and insight into the current airport slot market, with specific emphasis on LHR as one of the most traded airports in the world. This article will review the impact COVID has had on LHR and what the IATA slot waiver extensions mean for slot values.   IBA are one of only a very few appraisers recognised for airport slot valuations having completed a variety of assignments at airports including London LHR, London Gatwick and New York JFK.   In 2015, IBA was involved in Europe's first ever bond tied to airport slots where Virgin Atlantic Airways secured a £220 million secured note transaction using the airline's take-off and landing slots at London Heathrow Airport. The bond was used to invest in new Boeing 787-9 aircraft. The bond had a tenor of 15 years. The notes were split between two tranches: £190 million A1 notes and £30 million A2 notes. The A1 notes have a weighted average life of 12 years, while the A2 notes have a weighted average life of 10 years. This was the first time in European air travel history that airport slots have been leveraged in this way, claiming the Deal of the Year in 2016.   In 2020 alone, IBA have been heavily involved in performing a range of valuations for various purposes including slots securitisations, balance sheet purposes and for disposal/acquisition of slots. Download the full report

Key Aviation Themes For 2021: Where To Find Signs Of Optimism
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2021年关键航空主题：乐观迹象在闪现

在我们之前的 2021 年度预测中，IBA 首席营收官 Stuart Hatcher 博士分享了 IBA 对于 2021 年交通、交易、资产价值和航司破产的观点。'2020 年已经成为过去式，我们是时候把目光投向 2021年 和之后的年度了；我们可以思考，是否有一些能让我们感觉到乐观的迹象。正在进行的疫苗接种过程将缓慢且漫长，尽管这可以称得上是积极的动态，但我们什么时候才能真切地预见当前市场的严峻形势开始走向缓和呢？'

How Has Covid-19 Affected Material Fair Market Values?
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How Has Covid-19 Affected Material Fair Market Values?

This month Adil Slimani, IBA's Head of Aftermarket Advisory shares his opinion on Covid and material Fair Market Values.   'Unprecedented' and 'Covid' have become synonymous with 2020 and the pandemic's tragic human cost has been the gravest many have experienced in generations. Numerous industries have also suffered and aviation has been one of the worst hit. Every step of the supply chain from financing, manufacturing, operation, maintenance and recycling has had to adapt to survive and, fundamentally, there are several market forces that have yet to play out. Here I'll try to share some insight into the causes and effects of a reduction in aircraft material fair market values (FMV).   For many entities, common strategies to protect capital, be they mothballing fleets, leveraging assets or furloughing staff have largely been played out and restructuring is underway. Various support mechanisms adopted by stakeholders such as renegotiating lease rates, payment holidays and deferred aircraft deliveries or redeliveries have enabled operations to continue at minimal levels and undoubtedly been a lifeline.

Will Blue Skies Greet Flybe's Re-Emergence?
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Will Blue Skies Greet Flybe's Re-Emergence?

Flybe was one of the earliest airline victims of the Coronavirus pandemic, ceasing commercial operations in March 2020. With recent news of a potential revival, IBA explores the former Flybe fleet in terms of redeployment, asset value and the status of the restart.

Covid-19's Impact On Sale And Leaseback Activity
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新冠疫情对出售回租活动的影响

撰稿人：IBA 评估部主管兼 ISTAT 认证高级评估师 Mike Yeomans   自新冠疫情爆发以来，出售回租（SLB）活动已转向信用评分更稳健、级别更高的航空公司，包括较大规模的低成本航空运营商、国家航空公司或大型航空公司。

Boeing 737 MAX on the tarmac being tugged.
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Will Values Be Adjusted on the MAX's Return?

Recent news reports have suggested the MAX is expected to return by the year end but we believe a more realistic and meaningful return will happen by the second quarter of 2021. It will take time for aircraft built and now in storage to undergo necessary modifications, for staff to be trained and for all regulatory considerations to be addressed.

What Percentage of Aircraft Within ABS Structures Are Inactive? April 2020
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What Percentage of Aircraft Within ABS Structures Are Inactive? April 2020

ABS Portfolios - What is the Current Level of Fleet Utilisation?   Using IBA.iQ Fleets, IBA's award-winning advisory team show that over 60% of aircraft within ABS structures (launched after 2015), are either parked or stored. In comparison, 52% of the global passenger fleet is inactive, indicating that aircraft within current ABS portfolios are less active than the global fleet average.   As a result, IBA expects to see cashflow pressures within aircraft ABS structures as operators seek rental payment holidays and groundings cause uncertainty in the level of unplanned maintenance costs.   This uncertainty has the potential to cause defaults in ABS structures in the medium term (six to 12 months from now) once the impact of holiday rentals, early returns and the total cost of unplanned maintenance impacts overall liquidity.

Which airlines are braced for a safe landing after Covid-19's turbulence? March 2020
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Which airlines are braced for a safe landing after Covid-19's turbulence? March 2020

The Covid-19 outbreak has imposed some of the most severe financial difficulties seen in over a decade on the aviation industry. The unprecedented travel restrictions imposed by governments globally to manage and alleviate the spread of the Covid-19 virus have resulted in airlines facing economic hardships, with many requiring government bail outs.

IBA BizJet Valuations, January 2020
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IBA BizJet Valuations, January 2020

Buying aircraft, whether private or commercial, can be a complicated, time-consuming process with potential for plenty of twists, turns, pitfalls and surprises along the way. Thorough due diligence is crucial before purchasing decisions are made; the values involved mean errors can cost millions of dollars.

What Is A Landing Slot And How Much Is One Worth? December 2019
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What Is A Landing Slot And How Much Is One Worth? December 2019

IBA are one of only a very few appraisers recognised for airport slot valuations, having completed a variety of assignments at airports including LHR and LGW. These valuations have been for various purposes including slots securitisations, balance sheet purposes and for disposal/acquisition of slots.

IBA's Engine Valuation Methodology, October 2019
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IBA's Engine Valuation Methodology, October 2019

How do we approach our values? Our large team of engine and aircraft analysts and 6 ISTAT qualified appraiser's specialise in a broad range of aviation assets including commercial jets, engines, helicopters, business jets and landing slots.   David Archer, IBA's Senior Engine analyst, talks through IBA's approach to engine valuations, why they are an attractive investment and what factors influence their value. Click here to listen to the short webcast.   If you have further questions, comments or feedback please contact: David Archer

IBA's Engine Market Update Webinar, March 2019
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IBA's Engine Market Update Webinar, March 2019

IBA's Engine Market Update was designed specifically around the business needs of Investors, Lessors, Operators and Financiers looking to explore the Engine market. IBA's David Archer, Senior Aviation Analyst and Gary Leung, Aviation Analyst, provided invaluable insight on how engine market values are performing, the level of engine order activity across single-aisle, twin-aisle, regional and turboprop markets and what trends and market growth indicators are apparent. They also gave an update on the A380 and had a look back at the 747.

A concorde jet climbing into the sky
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How Would Aircraft Appraisers Value Concorde Today? March 2019

With the recent 50th anniversary of the Concorde's maiden flight, IBA's Phil Seymour, CEO, discusses how aircraft appraisers would value Concorde today.

Impairment of Asset Values Set to Become a Real Issue
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Impairment of Asset Values Set to Become a Real Issue

After a long period of stability and growth in the aviation industry the prospect of asset impairment is starting to rear its head, according to Phil Seymour, the CEO of IBA.

Why Regular Inspections Are A Good Idea, October 2018
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Why Regular Inspections Are A Good Idea, October 2018

As you would expect, aircraft and engines that are well looked after, maintained and inspected regularly will inherently hold their value more than those that are less well managed. To protect and maximise the value of an aircraft or engine, inspections are an essential element of asset management. A thorough inspection should always include an examination of the metal and its associated technical records, since it is the combination of the physical condition and historical records that create the overall value.

市场分析

A LATAM Boeing 787 Dreamliner jet aircraft landing on a runway at an airport with buildings in the background
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Latin America leads global capacity recovery

IBA Insight has revealed that the Latin American region is leading global air traffic recovery, with capacity now exceeding pre-pandemic levels recorded in 2019.    

an aircraft in flight in a blue sky
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Carbon Index Spotlight on Airlines, Aircraft and Lessors - August 2022

IBA has published its latest aviation Carbon Index in partnership with KPMG. Our latest analysis for August 2022 includes a spotlight on the most efficient airlines globally by region.

a loganair embraer jet taking off from an airport with sky and other airplanes in the background
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Why Loganair is a unique prospect for it's next owners

IBA's Manager of Airline Analysis Neil Fraser shares his perspectives on the sale of Scottish carrier Loganair.

Transavia plan to utilise Airbus A320neo in France next year
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Transavia plan to utilise Airbus A320neo in France next year

IBA's Neil Fraser comments on Transavia's likely deployment of Airbus aircraft for summer 2023.

a boeing 747 jet passenger aircraft on takeoff with a blue sky in the background
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Israeli 4 engine ban will most likely hit converted 747 freighters

Israel has announced the ban of four-engine aircraft in Israeli airspace, in an effort to reduce noise and air pollution. Whilst the ban is mandated to come into effect from March 2023, it is believed that operators may be discouraged from operating such aircraft even sooner.

A black and white Airbus A350 passenger jet aircraft climbing into a blue sky with few cloudssky with wheels down
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Widebody aircraft values update – August 2022

IBA's expert team share the latest updates to widebody commercial aircraft values as part of our mid-year market update webinar.

A group of passengers in a terminal building at an airport
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3 challenges to continued air traffic recovery

Aviation intelligence from IBA Insight reveals 3 key challenges that are slowing the global recovery of air traffic.

An Airbus A320 neo aircraft jet on the ground at an airport with open windows and flags in the cockpit
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Narrowbody aircraft values update – August 2022

IBA's expert team share the latest updates to commercial aircraft values as part of our mid-year market update webinar.

U.S. expected to approve inspection plans and allow resumption of 787 deliveries
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U.S. expected to approve inspection plans and allow resumption of 787 deliveries

It has been reported that the US Federal Aviation Administration (FAA) may have approved Boeing's inspection and modification plan for the 787-9 Dreamliner aircraft, which would allow the OEM to resume deliveries of the type.

passengers board a wizz air airbus a320 aircraft using a set of steps with mountains and a blue sky in the background
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Airline capacity reduces by 16% amidst schedule cuts

In our recent Mid-Year Market Update webinar, our experts used IBA Insight to explore the impact of airline schedule cuts on capacity and mapped the likely trajectory for the coming months.

A SAS Airbus A320neo aircraft climbs into the air with a mountain in the background and a blue sky above
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SAS files for Chapter 11 - 2 key challenges facing the airline

We explore the 2 key challenges facing Scandinavian Airlines (SAS) as it files for Chapter 11 bankruptcy protection in the US.

A commercial airliner Airbus A320 on the ground at an airport with a mountain in the background.
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Asia Pacific region leads airline start-ups in 2022-2023

One year beyond our original analysis, we have re-examined the global picture for start-ups, identifying where they are, and the classes of aircraft they plan to use by 2023.

People move around a busy airport terminal building
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Airline and airport capacity at highest levels since 2019 this summer

Our research reveals a positive overall trend in global capacity at airlines and airports globally, with performance edging ever closer to 2019 levels. Using this intelligence, we have mapped out the best and worst performing areas by airline and airport capacity as of mid-2022.  

An SAS Airbus A350 in flight in blue cloudless skies
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单位二氧化碳排放改善效果最佳的航空公司排名

由IBA Insight提供的航空情报表明，自2019年以来，许多行业权威国际航空公司的二氧化碳排放量减少了17%。随之而来的是，自2018年2月以来，民航二氧化碳排放总体下降5.9%。（以每座每公里二氧化碳排放量计算）

A digital rendering of an Akasa Air Boeing 737 MAX aircraft in flight
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2022年至2023年值得关注的4家初创航空公司

供职于IBA的Finlay Grogan对我们在未来几个月内即将密切关注的4家来自于不同国家的初创运营商进行了重点介绍。

commercial airline aircraft parked at an airport in the rain
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疫情时期广受压抑的旅游需求得以释放，延缓了航空公司的倒闭进程

介绍：IBA首席经济学顾问Stuart Hatcher博士指出，旅行需求正在改变石油价格、美元价格和航空公司倒闭之间的关系。

A digital render of a Boeing 737 Max 10 aircraft in flight
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Which IAG airlines will operate the high-density 737 MAX?

Following IAG's order for the Boeing 737 MAX 8200 and Boeing 737 MAX 10, our experts explore which IAG airlines are likely to operate the high density variant.

A Boeing 737 jet cargo aircraft with it's cargo door open
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Boeing 737-800 leads passenger to freighter fleet growth in 2022

Our recent webinar highlighted the aircraft types driving the growth in global passenger to freighter conversions.

A group of Russian S7 airlines Airbus A320 jet airliner aircraft with airbridge steps attached at an airport
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How many leased aircraft have returned from Russia?

How many leased aircraft have been recovered from Russia by aircraft leasing companies?

A passenger in an airport with a suitcase
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UK airline capacity will be close to 2019 levels in Summer 2022

Using schedules data, we explored UK airline seat capacity as we move into the Summer season of 2022, identifying that seat capacity is likely to reach just short of 30 million seats by August 2022.

A group of Aeroflot aircraft at the gates of Moscow airport
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How long can Russian airlines maintain their aircraft?

IBA's experts examine how long Russian operators can keep aircraft flying with a limited supply of parts.

An Air Transat A321neo aircraft in flight in a cloudy sky
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Narrowbody vs widebody - which aircraft are more profitable and efficient on transatlantic routes?

We use our Carbon Emissions Calculator to examine the profitability and CO2 implications of the transatlantic narrowbody.

An image of a cargo plane being loaded with freight
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4 Key air cargo trends to watch for in 2022

Using a combination of data sources together with IBA's own research and leading InsightIQ aviation intelligence platform, we have identified 4 key trends that will define the performance of the air freight market in 2022.

A United Airlines Boeing 777-300 aircraft in flight
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Which full service airlines have the most aircraft orders?

Airline fleet data from IBA's InsightIQ aviation intelligence platform reveals the top 5 full-service airlines by aircraft orders, showcasing fleet renewal strategies.

An IndiGo Airbus A320neo jet in flight takeoff
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Which low-cost airlines have the most aircraft orders?

Airline fleet data from IBA's InsightIQ aviation intelligence platform reveals the top 5 most active low-cost airlines by aircraft orders, showcasing fleet renewal strategies.

An Aeroflot Russian Airlines A320 in flight
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Russia & Ukraine - Which aircraft lessors are most impacted by sanctions?

Which aircraft leasing companies are most exposed to economic sanctions on Russia?

A virgin atlantic airways Airbus A350-1000 XWB in flight
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Virgin Atlantic commits to Sustainable Aviation Fuel agreement with ExxonMobil and Neste

Virgin Atlantic recently signed a new deal with Neste and ExxonMobil to supply 2.5 million litres of Sustainable Aviation Fuel 'SAF', which is expected to be delivered to London Heathrow airport in the first half of 2022.

A computerised rendering of a Singapore Airlines Airbus A350F Freighter aircraft in flight above the clouds
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Airbus dominates commercial aircraft orders at the Singapore Air Show 2022

Aviation Intelligence data from IBA's InsightIQ reveals 88 firm total aircraft orders were received from 4 airlines and 1 lessor at the 2022 Singapore Air Show. An additional airline signed a letter of intention for 7 Airbus aircraft.

A digital rendering of a Frontier Airways Airbus A320neo in flight.
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What could the Spirit-Frontier Airlines fleet look like post-merger?

Spirit Airlines and Frontier Airlines are to merge, forming the fifth-largest airline in the United States.

Business Jet parked at an Airport
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IBA's Business Jet Market Report January 2022

The global business jet fleet numbers almost 23,000 operational aircraft. With the abnormalities seen in business aircraft supply and demand since the start of the Coronavirus pandemic having a significant effect on the market, IBA's Business Jet report shine a light on current market trends in business aircraft.   Some key takeaways include: Though slow and cautious at the start of the pandemic, the Bizjet market has proven resilient andprosperous whilst wider commercial aviation has suffered There is high demand for business jets, and we find ourselves in a fast-paced environment in 2022 This high demand, coupled with low supply, has led to a seller's market Inflated Bizjet values are likely to return to normal as commercial aviation continues to recover ESG targets are likely to prove a key challenge to the market over the coming years Download the full report

A man reading an IBA Aircraft Market Intelligence Report on a laptop computer
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4 Top reasons to use IBA's Aircraft Market Intelligence Reports

IBA has launched new Aircraft Market Intelligence Reports, giving you best-in-class insight into prevailing and future aviation trends.

An image of an Alitalia Airbus A320-200 in flight with landing gear wheels and flaps extended
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IBA records 63 airlines failures and restructurings 2020-2021

IBA's market update has identified airline failures and restructurings from 2020-2021, and highlighted the number of aircraft grounded as a result.  

An Aeromexico Boeing 737-800 passenger jet in flight with landing gear undercarriage and flaps down extended
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Aeromexico restructuring plan approved by creditors

Aeroméxico has become the latest Latin American Flag Carrier to begin the exit from Chapter 11 bankruptcy proceedings

A graphic rendering 2 Boeing 737 Max aircraft in flight in Allegiant Airways livery
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Allegiant Air orders 50 Boeing 737 Max aircraft

Allegiant Air's Boeing 737 MAX order signifies a shift to modernity for the carrier's fleet.   Image: Boeing

An Avianca Airbus A330-200 aircraft in flight with landing gear extended
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Is Avianca's low cost model a ticket to a brighter future?

As Avianca exits Chapter 11 bankruptcy proceedings, we ask if the carrier's move towards a low-cost carrier model its ticket to a brighter future?

Japan Airlines Aircraft on an Airport Runway
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IBA's Japan Aviation Market Report - December 2021

IBA最新的市场报告分析了日本航空市场的现状。我们重点研究了航司和租赁商这两大板块，并预测了今后日本市场及周边的动态。 请在此处下载报告

8 Aviation industry trends to expect in 2022
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8 Aviation industry trends to expect in 2022

IBA's Head of Advisory Geoff Van Klaveren and Chief Revenue Officer Stuart Hatcher prove their expert opinion on the outlook for the aviation industry in 2022, identifying 8 key trends across utilisation, fleets, orders, airlines, lessors and the environment.

An Emirates Boeing 777-300ER aircraft on takeoff with landing gear extended and a control tower in the background
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Reviewing Airbus and Boeing Widebody Aircraft Values in 2021

IBA has recently updated InsightIQ with its latest widebody aircraft value opinions with respect to fixed-wing commercial passenger aircraft as of July 2021.

A Kenya Airways Boeing 787 in flight above trees with wheels down
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Kenya Airways - Fleet and CO2 Emissions Analysis

We used InsightIQ to look at the Kenya Airways fleet, and CO2 emissions trends on flights between London and Nairobi.

A digital rendering of a Northern Pacific Airlines Boeing 757-200 aircraft inflight over snowy mountains
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Transpacific Start-up Airline Northern Pacific to follow the 'Icelandair Model'

Northern Pacific Airways plans to bring an Icelandair style stopover model to the transpacific market.

A Jet2 Boeing 737-800 in flight with landing gear and flaps extended
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Jet2 Confirms Order of 15 more Airbus A321neo Aircraft

UK based leisure carrier Jet2 has announced the intention to acquire 15 Airbus A321neo aircraft.

An Amazon Prime Air Boeing 737-800BCF aircraft in flight with high lift devices and landing gear extended
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Amazon Air Fleet Grows with E-Commerce Market Boom

Amazon's Prime Air operation commenced flights in 2016 when it secured the use of a single Boeing 767-200BDSF.

A view of a narrowbody aircraft cabin, featuring aircraft seats and passengers
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Narrowbody Aircraft Reconfiguration Trends

我们通过比对波音737-800和空客A320这两款窄体客机，来一探窄体客机客舱的变化趋势

An interiorview of a widebody aircraft cabin, with rows of aircraft seats and in flight entertainment screens
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Widebody Aircraft Reconfiguration Trends

我们在调查宽体客机的客舱布局变化的过程中，摸索出空客和波音常用机型的重要发展趋势。

A digital rendering of a Boeing 787-9 Dreamliner in the livery of Norse Atlantic Airways
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Norse Atlantic - Is the Low Cost Long Haul Market Ready for Take-off?

Norse Atlantic will be the newest long-haul low-cost airline to join the competition in hope of capitalising in this market segment.

An aerial view of Cornwall's Newquay Airport showing runways, taxiways and surrounding fields
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Cornwall Newquay Airport Experiences Resurgence in Domestic Travellers

We combined analysis from IBA's aviation intelligence platform InsightIQ with other sources to examine the resurgence of air travel to Cornwall, one of the UK's most popular staycation destinations.

An EasyJet Airbus A320 jet climbing in flight with landing gear and flaps down. Cumulus clouds in the background
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EasyJet Rejects Takeover Bid from Wizz Air

EasyJet has rejected a takeover approach from low-cost rival Wizz Air on 09 September 2021.

An ATR72-600 aircraft taxiing on the ground with engines running
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Aviation Intelligence - Emerald Airlines Secures Irish AOC

Ireland's national aviation regulator, the IAA (Irish Aviation Authority) has granted Emerald Airlines an Air Operator's Certificate (AOC).   Image: Gabriel Magachow, Flickr

Aviation Intelligence - 737 Max Grounding Lifted by Malaysia CAAM
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Aviation Intelligence - 737 Max Grounding Lifted by Malaysia CAAM

Malaysia has become the first Southeast Asian nation to lift bans on Boeing 737 Max operations after a safety directive issued by the Civil Aviation Authority of Malaysia 'CAAM' on 2 September 2021.   Image: Paul Thomson, Flickr

A DCH* Dash 8 Q400 aircraft on the ground at an airport, with a marshaller wearing a high visibility jacket in the foreground
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Turboprop Aircraft Values Show Positive Trends

Using aviation intelligence fleet and values data from our InsightIQ platform, IBA has published adjustments to aircraft values across the global Turboprop fleet.

客机改货机项目

A digital rendering of an Embraer 190 passenger to freighter conversion aircraft in the livery of Nordic Aviation Capital (NAC)
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Nordic Aviation Capital confirmed as launch customer for Embraer E-Jet freighters

What does the first order for E-Jet conversion slots mean for Embraer's freighter conversions?

A Boeing 737 jet cargo aircraft with it's cargo door open
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Boeing 737-800 leads passenger to freighter fleet growth in 2022

Our recent webinar highlighted the aircraft types driving the growth in global passenger to freighter conversions.

An image of a cargo plane being loaded with freight
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4 Key air cargo trends to watch for in 2022

Using a combination of data sources together with IBA's own research and leading InsightIQ aviation intelligence platform, we have identified 4 key trends that will define the performance of the air freight market in 2022.

A Boeing 767-300ER freighter aircraft operated by UPS airlines in flight with landing gear down
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Which aircraft make the most cost-efficient freighter conversions?

Which commercial aircraft make the most cost-effective freighter conversions? We use InsightIQ to examine the state of play in the market.

An Amazon Prime Air Boeing 737-800BCF aircraft in flight with high lift devices and landing gear extended
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Amazon Air Fleet Grows with E-Commerce Market Boom

Amazon's Prime Air operation commenced flights in 2016 when it secured the use of a single Boeing 767-200BDSF.

A Cathay Pacific Boeing 777-300 aircraft taking off from a runway
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Older Widebody Aircraft Values Suffer Pandemic's Influence

IBA has adjusted base values for older widebody aircraft. Our analysis looks at the state of the market through the lens of two key aircraft types.

Can P2F Conversions fulfil the unprecedented demand for Global Air Cargo?
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Can P2F Conversions fulfil the unprecedented demand for Global Air Cargo?

With the onset of the COVID-19 pandemic, airlines saw the majority (and in some cases all) of their passenger fleets grounded as various lockdowns came into force around world.

4 Key Drivers of Demand in the Global Air Cargo Market
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4 Key Drivers of Demand in the Global Air Cargo Market

As well the vital role it continues to play in supporting the global economy, the air cargo market is now becoming increasingly important in powering global COVID vaccine distribution.

The changing shape of the P2F conversion market
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客改货（P2F）市场形态变化

新一批客改货机目前正在进入市场，与此同时，促使飞机进行改装的原因有哪些？在本文中，IBA考虑了影响客改货的因素，并预测了市场的走向。

A New Era of Widebody Freighters
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A New Era of Widebody Freighters

For a number of years now the widebody freighter market has really been focused, in terms of ordering activity and building fleet numbers, on three types, the Boeing 767-300ER, Boeing 777F and Boeing 747-8F. These three types supplementing and/or replacing models such as the Boeing 747-400 and McDonnell Douglas MD-11, whether these be factory produced freighters or converted freighters. With production of the Boeing 747-8F expected to reach its conclusion in 2022 and Boeing 767-300ER feedstock winding down, attention inevitably turns to which types can fill the void, enter the Airbus A330P2F and Boeing 777-300ERSF.

What Are the Current Utilisation Levels for the 777 Family and Predicted Attrition?
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What Are the Current Utilisation Levels for the 777 Family and Predicted Attrition?

As you will be aware, the withdrawal of passenger capacity from the market has driven extraordinary demand for dedicated freighters. Some passenger aircraft have been temporarily converted and freight movements have strengthened. Using flight data from IBA's Intelligence platform InsightIQ, we can illustrate the utilisation of the 777 Boeing Family.

IBA's Freighter Market Outlook, November 2019
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IBA's Freighter Market Outlook, November 2019

Following IBA's mid-year P2F market update, Jonathan McDonald, Senior Commercial Ageing Aircraft Analyst, revisits the market to provide insight into current freighter market characteristics. This short webcast session looks at the conversion programme, growth forecasts, conversion costs, values and leasing rates, feedstock and lastly our view on current topics such as the pickle fork AD and the New Generation Boeing 777-300ERBDSF programme.

What Will The Narrowbody Freighter Landscape Look Like In 2037?
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What Will The Narrowbody Freighter Landscape Look Like In 2037?

IBA Report: issued March 2019   Jon Whaley, IBA's Freight Analyst, explores fleet composition, market share and growth opportunities for the P2F market.

IBA's Freighter Conversion Whitepaper, January 2019
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IBA's Freighter Conversion Whitepaper, January 2019

Freighter Conversions - capitalising on the resurgence in demand Freight volumes are continuing to trend on an upward trajectory and at a solid rate when compared to historical data. It should be noted however, that due to the inventory restocking cycle having concluded and manufacturing export orders remaining low, demand factors are lacking when compared to 2017. This paper looks at the current and future freighter market, production, routes into the market and takes a close look at a B737 conversion.

IBA Foresee 1000 P2F Conversions Being Required In The Next 17 years
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IBA Foresee 1000 P2F Conversions Being Required In The Next 17 years

According to IATA's March 2018 Freight Analysis report, global freight volumes slowed to a 22-month low, 1.7% year-on-year in March. This outcome represents the slowest pace of annual growth since the early part of 2016. The decline in growth can predominantly be attributed to the end of the restocking cycle which was one of the drivers behind the high growth figures. IATA have cautioned against reading too much into the most recent figures and expects growth of 4-5% overall for 2018.

发动机

A Swiss Airbus A220 aircraft
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Regional aircraft engine values update - March 2022

The latest trends in regional aircraft engines you need to know, powered by IBA's InsightIQ.

A jet engine fitted to an Aeroflot aircraft in flight
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Which aircraft engines are most exposed to the Ukraine crisis?

IBA's insight has identified that engine lessors are far less exposed to the impacts of the Ukraine Crisis than aircraft lessors.

A view of an orange jet engine fitted to an EasyJet Airbus A320neo aircraft
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Utilisation driving greater value stability for narrowbody aircraft engines

The latest trends in narrowbody aircraft engines you need to know, powered by IBA Insight.

A view from the wing of a Boeing 747-400 aircraft showing wingtip and jet engines
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Freighters buck the trend in latest widebody aircraft engine values

The latest trends in aircraft engines you need to know, powered by IBA Insight.

Freighter Engine Recovery leads over Passenger Aircraft Engines
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Freighter Engine Recovery leads over Passenger Aircraft Engines

Utilisation of freighter aircraft engines is leading over passenger, but such comparisons should be viewed in context, writes David Archer.

A close up view of a jet engine mounted on a Boeing 737
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Narrowbody Aircraft Engine Value Trends Update - October 2021

IBA has reviewed and updated our forecasts for narrowbody aircraft trends in October 2021.

A jet engine mounted on the wing of an Airbus A330 aircraft on takeoff, with flaps and landing gear down
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Widebody Aircraft Engine Value Trends Update - October 2021

IBA has reviewed and updated our forecasts for widebody aircraft engine trends in October 2021.

A close up view of an aircraft jet turbofan engine's fan blades
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Aviation Intelligence - Tracking Narrowbody Engine Recovery

We analysed utilisation trends for the four most prominent engine families in the narrowbody market to track market recovery.

Aircraft Engine Under Repair
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Aviation Intelligence - Demand for Engine Shop Visits Vital to Aviation Market Recovery

Whilst passenger demand is the key driver in the recovery of the aviation market as a whole, a core indication of health of the engine market is in shop visit demand. This can dictate value performance, lease demand, investor appetite and overall liquidity of the engine market.

Rolls Royce Commits to 100% Sustainable Aviation Fuel Capability for Civil Aircraft Engines
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Rolls Royce Commits to 100% Sustainable Aviation Fuel Capability for Civil Aircraft Engines

Rolls-Royce are to test all its civil aircraft engines currently in production to ensure their compatibility with 100%-sustainable aviation fuel by 2023.

Will Open Rotor Engines be the next great leap in Decarbonisation?
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Will Open Rotor Engines be the next great leap in Decarbonisation?

General Electric and Safran Group are to collaborate on development of a viable open rotor engine, 'RISE', destined to power narrowbody aircraft by the mid-2030's. The joint venture between the US and French aero engine giants intends to make workable a concept first touted in the 1970s. The open rotor engine dispenses with the traditional pod housing the fan blades seen on high bypass turbofan engines.

Sandstorm Fails to Blow China's Post-Covid Recovery Off Course: But Aviation Manufacturers Must Develop Equipment More Resistant to Harsh Conditions
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Sandstorm Fails to Blow China's Post-Covid Recovery Off Course: But Aviation Manufacturers Must Develop Equipment More Resistant to Harsh Conditions

Denesz Thiyagarajan, Engine Analyst, IBA Advisory, uses InsightIQ intelligence to explore the potential impact of weather conditions in Northern China on Engine performance and utilisation.

Passengers onboarding aircraft
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Will The Recent Pratt & Witney 4000-112 Engine Failure Have A Lasting Impact On Storage Levels For Older Pratt & Whitney-Powered 777 Aircraft Fleet?

In response to the uncontained engine failure of a United Airline Boeing 777-200 flight from Denver to Honolulu on the 20th February, IBA's analyst Jie Zhou uses InsightIQ Fleet and Flight data to consider the short and long term impact for the Fleet.  

Is There a Bright Future for Green Time Engines?
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Is There a Bright Future for Green Time Engines?

An aircraft or engine approaching its operational twilight years tends to require closer condition monitoring and increased maintenance investment. For many years, one option lessors and operators have used to achieve a good return on their asset is to part out the aircraft or engine for feedstock or to sell them into the aftermarket. Engines with little green time remaining are typically the best option for teardown.

Man looking at engine
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发动机维修需求

在疫情之前，IBA预测整个售后市场（窄体，宽体和支线飞机）将实现强劲增长。机队规模不断扩大，利用率提高，对发动机维修的需求也在增加。情况显然已经发生了巨大变化，最脆弱的资产-老旧的宽体机，将会最先被放弃进行维修。

Wing of plane mid flight
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Narrowbody Engine Market Performance

When it comes to recovery, the short haul market will be first and there are some positive signs, many engines re-entering service in North America, Europe and Asia. However, despite increased flight volumes and resultant higher engine utilisation, load factors remain low. Border restrictions persist across all regions and passenger confidence to travel continues to challenge.

What is the Impact of the 737 MAX Groundings on the LEAP-1B? November 2019
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What is the Impact of the 737 MAX Groundings on the LEAP-1B? November 2019

For CFMI, it would appear that the impact of the 737 MAX grounding has not been detrimental to the LEAP-1B. There remains a strong market outlook for this engine and looking at the Base Value, Half Life, it is performing well and is on par with competing engines in the market. As illustrated in the chart below, there has been no impact on values.

IBA's Engine Valuation Methodology, October 2019
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IBA's Engine Valuation Methodology, October 2019

How do we approach our values? Our large team of engine and aircraft analysts and 6 ISTAT qualified appraiser's specialise in a broad range of aviation assets including commercial jets, engines, helicopters, business jets and landing slots.   David Archer, IBA's Senior Engine analyst, talks through IBA's approach to engine valuations, why they are an attractive investment and what factors influence their value. Click here to listen to the short webcast.   If you have further questions, comments or feedback please contact: David Archer

IBA Identifies A New Trend In Mature Aircraft Asset Management, October 2019
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IBA Identifies A New Trend In Mature Aircraft Asset Management, October 2019

  Using the valuation tool InsightIQ, it considers the lease rate comparison of several A320 vintages and their respective engines.   London/Dublin/Tokyo - October 3rd 2019: IBA, the independent aviation advisory, valuation and consulting firm has identified a growing trend in mature aircraft management where the leasing of core engine assets is managed separately to the aircraft as a whole. This is becoming increasingly evident based upon the strengths of the CFM-56-5/7B and V2500-A5 engines within the A320 and 737NG fleets.

Is There An Impact On The Engine Market From The 737 MAX Groundings?
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Is There An Impact On The Engine Market From The 737 MAX Groundings?

IBA Report by David Archer, Senior Engine Analyst: issued September 2019   The grounding of the 737 MAX fleet has been one of the most widely discussed aviation events of recent history. Following two tragic accidents, the 737 MAX fleet remains grounded until the world's aviation authorities deem it fit for service. Speculation has inevitably turned to the impact on the market and the longer term ramifications for both the aircraft and the engines.

IBA's Engine Market Update Webinar, March 2019
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IBA's Engine Market Update Webinar, March 2019

IBA's Engine Market Update was designed specifically around the business needs of Investors, Lessors, Operators and Financiers looking to explore the Engine market. IBA's David Archer, Senior Aviation Analyst and Gary Leung, Aviation Analyst, provided invaluable insight on how engine market values are performing, the level of engine order activity across single-aisle, twin-aisle, regional and turboprop markets and what trends and market growth indicators are apparent. They also gave an update on the A380 and had a look back at the 747.

What to Look for When Valuing an Engine, March 2018
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What to Look for When Valuing an Engine, March 2018

Determining the value of an engine at different phases of its life-cycle requires consideration of a variety of factors, particularly engine maintenance value and engine core value. Depending on the phase of the engine's life, options to the owner include repair or overhaul to put value back into the asset; or, alternatively, green-time sale, tear-down and part-out of used serviceable material in order to extract remaining value from the engine. Maintenance value accounts for the value of life-limited parts (LLPs) and the value associated with the on-wing time before requiring a performance restoration.

How do OEM Engine Maintenance Contracts Affect the Ability to Remarket Aircraft? September 2017
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How do OEM Engine Maintenance Contracts Affect the Ability to Remarket Aircraft? September 2017

Aviation commentators have often remarked on the increasing presence of OEMs in the engine aftermarket. This is especially the case when it comes to engine maintenance, and the declining independent MRO solutions available. OEM maintenance contracts offer maintenance stability for operators, but can the widespread adoption of these affect resale values or leasing demands? Charlotte Daniels provides an assessment.

飞机管理

3 Challenges faced when returning stored aircraft to service
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3 Challenges faced when returning stored aircraft to service

As the world's widebodies return to the skies, we explore the key challenges of RTS processes, and specific implications for widebody aircraft.

A group of Russian S7 airlines Airbus A320 jet airliner aircraft with airbridge steps attached at an airport
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How many leased aircraft have returned from Russia?

How many leased aircraft have been recovered from Russia by aircraft leasing companies?

A Ural airlines Airbus A320 passenger jet on the ground at an airport with grass and sky in the background
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How many aircraft are being illegally re-registered by Russian airlines?

We take a look at how many aircraft have been re-registered in Russia to circumvent sanctions on Russian aviation.

Can P2F Conversions fulfil the unprecedented demand for Global Air Cargo?
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Can P2F Conversions fulfil the unprecedented demand for Global Air Cargo?

With the onset of the COVID-19 pandemic, airlines saw the majority (and in some cases all) of their passenger fleets grounded as various lockdowns came into force around world.

Boeing 737
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Is the clock ticking for Power by the Hour deals?

The last year has, even for the aviation industry, been very unusual; traumatic, in fact, for some businesses. The number of high-profile insolvencies at a time of very low demand for aircraft has given rise to a situation where the usual recourse available to lessors, that is repossession of aircraft and then re-leasing or selling the asset, is not available. As IBA reported in October 2020, this environment has resulted in a substantial increase in the number of PBH arrangements being negotiated as an alternative to repossession by lessors and/or rejection or abandonment by airlines. Will the demand for PBH deals persist as the aviation market recovers?

Airport Landing Slot Values; Heathrow Pre- and Post-Covid and the Battle for Airport Slots
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Airport Landing Slot Values; Heathrow Pre- and Post-Covid and the Battle for Airport Slots

Senior Aviation Analyst Youcef Berour Minarro investigates the airport slot market, the impact of Covid-19 at London Heathrow, and the outlook for future slot values.   This paper has been prepared to give an overview and insight into the current airport slot market, with specific emphasis on LHR as one of the most traded airports in the world. This article will review the impact COVID has had on LHR and what the IATA slot waiver extensions mean for slot values.   IBA are one of only a very few appraisers recognised for airport slot valuations having completed a variety of assignments at airports including London LHR, London Gatwick and New York JFK.   In 2015, IBA was involved in Europe's first ever bond tied to airport slots where Virgin Atlantic Airways secured a £220 million secured note transaction using the airline's take-off and landing slots at London Heathrow Airport. The bond was used to invest in new Boeing 787-9 aircraft. The bond had a tenor of 15 years. The notes were split between two tranches: £190 million A1 notes and £30 million A2 notes. The A1 notes have a weighted average life of 12 years, while the A2 notes have a weighted average life of 10 years. This was the first time in European air travel history that airport slots have been leveraged in this way, claiming the Deal of the Year in 2016.   In 2020 alone, IBA have been heavily involved in performing a range of valuations for various purposes including slots securitisations, balance sheet purposes and for disposal/acquisition of slots. Download the full report

Aviation Market Analysis
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Managing Your Aircraft Asset in a Lockdown Situation

The traditional asset management practice of a financier or lessor performing an annual inspection of an aircraft and its records has been severely impaired since the pandemic took a grip of the World.

What Will Transatlantic Flights Look Like Post-Recovery?
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What Will Transatlantic Flights Look Like Post-Recovery?

In mid-January 2021, Norwegian announced it will refocus its operations on European routes and cease long-haul operations as part of its plans to exit the insolvency court. Ever since it started servicing routes between Europe and the United States with its fleet of 32 Boeing 787s, the airline became known for offering customers the opportunity to travel on modern and fuel-efficient aircraft very cheaply.  

Power by the Hour Lease Rates
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Power by the Hour Lease Rates

What are PBH lease rates and are they a good thing?   The origins of PBH are from the 1960's when Rolls Royce leased engines by the hour to airlines. Aircraft leasing PBH has appeared before, more often for a short term if an airline was subject to seasonal fluctuations in traffic. Forward 60 years and PBH agreements are trending once again with more and more airlines seeking additional support from lessors. This short article looks at both the benefits and the shortcomings of the PBH revival.

Preparing Stored Aircraft For Return To Service (RTS)
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准备让停放的飞机回归服务（RTS）

在过去7到8个月中，数以百计停放的飞机引起了人们关于长期停放和存储飞机的一波担忧。

Preparing the 737 MAX for its return to service (RTS)
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文章分析：准备迎接波音 737 MAX 的回归

16 个月之前，波音 737 MAX 的停飞对全球航空业产生了巨大影响。运营商，租赁商，机场，当然也包括波音公司自身都受到了停飞后所带来的冲击。许多与飞行机动特性增强系统（MCAS）相关的全新飞行控制软件现已被开发，使得重新进行试航认证变成了可能。我们预测在 2020 年的第四季度，对于 737 MAX 的停飞禁令会有一个决定性的结论。

Have operating lease agreements evolved with the industry? February 2020
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Have operating lease agreements evolved with the industry? February 2020

Two fundamental situations have prompted IBA Group and Split Rock Aviation to reflect on some key 'industry standard' provisions within aviation lease agreements and re-evaluate their applicability and relevance: the 737 Max's grounding and the continued growth of leased aircraft in the industry. With the proportion of commercial aircraft leased now at 44% compared with 56% owned according to IBA's intelligence platform IBA.iQ, and witnessing the aviation industry's handling of the 737 Max's grounding, we have produced the first in a series of articles considering today's operating lease agreement. This segment will assess several industry standard lease agreement positions and test their logic in the current market.

Revisiting Redeliveries in 2019
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Revisiting Redeliveries in 2019

Poorly managed redeliveries are a staggering waste of money. Every narrowbody and widebody whose redelivery is inefficiently handled can cost $USD 2 million and $USD 4.5 million respectively. Putting that into context, the unnecessary expenditure would be enough to fund six to eight months' lease rental for each aircraft, a Heavy C Check, or even an engine shop visit.

Why Regular Inspections Are A Good Idea, October 2018
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Why Regular Inspections Are A Good Idea, October 2018

As you would expect, aircraft and engines that are well looked after, maintained and inspected regularly will inherently hold their value more than those that are less well managed. To protect and maximise the value of an aircraft or engine, inspections are an essential element of asset management. A thorough inspection should always include an examination of the metal and its associated technical records, since it is the combination of the physical condition and historical records that create the overall value.

资产交还

3 Challenges faced when returning stored aircraft to service
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3 Challenges faced when returning stored aircraft to service

As the world's widebodies return to the skies, we explore the key challenges of RTS processes, and specific implications for widebody aircraft.

A group of Russian S7 airlines Airbus A320 jet airliner aircraft with airbridge steps attached at an airport
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How many leased aircraft have returned from Russia?

How many leased aircraft have been recovered from Russia by aircraft leasing companies?

What is the future for Stobart Air's ATR fleet?
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What is the future for Stobart Air's ATR fleet?

Stobart Air ceased operations on Saturday 12th June 2021. A regional carrier operating flights across the UK and Ireland, the Stobart Air fleet consisted of 12 ATR72-600 aircraft and one ATR42-600 aircraft according to data from IBA's InsightIQ platform.

3 Impacts of Covid-19 on Aircraft Repossession and Remarketing Timelines
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3 Impacts of Covid-19 on Aircraft Repossession and Remarketing Timelines

IBA's Phil Seymour investigates 3 key impacts that Covid-19 has had on the speed and efficiency of aircraft repossession and remarketing. This information was taken from IBA's submission to the report 'Aircraft Repossession Planning - Practical Considerations' produced for Internal Comparative Legal Guides (ICLG) 2021.

The Technical Records Of Your Assets: How Would You Fare In A Friendly Hand Back Or Repossession Situation?
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The Technical Records Of Your Assets: How Would You Fare In A Friendly Hand Back Or Repossession Situation?

A complete and concise set of service records, properly identifying all required maintenance and modification events, is the indication of an aircraft's condition and the quality of its continuing airworthiness management. It clearly demonstrates the aircraft's compliance with all appropriate safety and lease requirements and its suitability for flight. Service records are essential if the aircraft is to be sold at its maintenance adjusted value or placed on lease with a new lessee.

Covid-19 Drives Aircraft Oversupply And Reductions In Airline Fleet Sizes, May 2020
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Covid-19 Drives Aircraft Oversupply And Reductions In Airline Fleet Sizes, May 2020

As many of you will know, the effects of Covid-19 are going to change the size and makeup of airline fleets, and do so quickly.   In the next 20 months, it's possible that many older aircraft types could be universally withdrawn from service, along with significant numbers of older variants of current generation aircraft including the Boeing 777, A330 and A380. IBA, the leading aviation consultancy, estimate there will be an aircraft oversupply of up to 2,500 narrow and widebody aircraft in the market, with global demand, once the current restrictions are lifted, possibly declining by 20% by the end of 2021.

IBA's Redelivery Whitepaper: The Picture in 2018
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IBA's Redelivery Whitepaper: The Picture in 2018

IBA recently updated its analysis around overspend in relation to redeliveries. As the infographic on page 9 highlights, overspends have increased since 2016, with engine costs being the key driver.

资产转换

3 Challenges faced when returning stored aircraft to service
文章

3 Challenges faced when returning stored aircraft to service

As the world's widebodies return to the skies, we explore the key challenges of RTS processes, and specific implications for widebody aircraft.

A view of a narrowbody aircraft cabin, featuring aircraft seats and passengers
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Narrowbody Aircraft Reconfiguration Trends

我们通过比对波音737-800和空客A320这两款窄体客机，来一探窄体客机客舱的变化趋势

An interiorview of a widebody aircraft cabin, with rows of aircraft seats and in flight entertainment screens
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Widebody Aircraft Reconfiguration Trends

我们在调查宽体客机的客舱布局变化的过程中，摸索出空客和波音常用机型的重要发展趋势。

Boeing 737
文章

Is the clock ticking for Power by the Hour deals?

The last year has, even for the aviation industry, been very unusual; traumatic, in fact, for some businesses. The number of high-profile insolvencies at a time of very low demand for aircraft has given rise to a situation where the usual recourse available to lessors, that is repossession of aircraft and then re-leasing or selling the asset, is not available. As IBA reported in October 2020, this environment has resulted in a substantial increase in the number of PBH arrangements being negotiated as an alternative to repossession by lessors and/or rejection or abandonment by airlines. Will the demand for PBH deals persist as the aviation market recovers?

Economic Crises and Average Aircraft Downtime Between Lease End Events and Placements; Can the Industry Maintain Downtime's Falling Trend During and After Covid-19?
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Economic Crises and Average Aircraft Downtime Between Lease End Events and Placements; Can the Industry Maintain Downtime's Falling Trend During and After Covid-19?

In recent years, the number of aircraft involved in lease end transactions has been increasing in line with growth of the global aircraft fleet. The volume of aircraft connected with operator failures has also risen over the last couple of years.

Covid-19 Drives Aircraft Oversupply And Reductions In Airline Fleet Sizes, May 2020
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Covid-19 Drives Aircraft Oversupply And Reductions In Airline Fleet Sizes, May 2020

As many of you will know, the effects of Covid-19 are going to change the size and makeup of airline fleets, and do so quickly.   In the next 20 months, it's possible that many older aircraft types could be universally withdrawn from service, along with significant numbers of older variants of current generation aircraft including the Boeing 777, A330 and A380. IBA, the leading aviation consultancy, estimate there will be an aircraft oversupply of up to 2,500 narrow and widebody aircraft in the market, with global demand, once the current restrictions are lifted, possibly declining by 20% by the end of 2021.

Aircraft Interiors During Lease Return: The Inside Story, February 2020
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Aircraft Interiors During Lease Return: The Inside Story, February 2020

Why were commercial passenger aircraft ever invented, built, bought and sold or operated? The clue's in the name: the passenger. Many if not most travellers spare scant thought to the feats of engineering behind an aircraft's take-off and landing, not to mention keeping it airborne in between. What they will notice and expect when flying, however, is how the aircraft looks inside and whether it is clean, tidy and comfortable. So, having interiors in the best condition throughout the life of an aircraft is paramount for most operators.

Revisiting Redeliveries in 2019
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Revisiting Redeliveries in 2019

Poorly managed redeliveries are a staggering waste of money. Every narrowbody and widebody whose redelivery is inefficiently handled can cost $USD 2 million and $USD 4.5 million respectively. Putting that into context, the unnecessary expenditure would be enough to fund six to eight months' lease rental for each aircraft, a Heavy C Check, or even an engine shop visit.

Why Regular Inspections Are A Good Idea, October 2018
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Why Regular Inspections Are A Good Idea, October 2018

As you would expect, aircraft and engines that are well looked after, maintained and inspected regularly will inherently hold their value more than those that are less well managed. To protect and maximise the value of an aircraft or engine, inspections are an essential element of asset management. A thorough inspection should always include an examination of the metal and its associated technical records, since it is the combination of the physical condition and historical records that create the overall value.

IBA's Redelivery Whitepaper: The Picture in 2018
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IBA's Redelivery Whitepaper: The Picture in 2018

IBA recently updated its analysis around overspend in relation to redeliveries. As the infographic on page 9 highlights, overspends have increased since 2016, with engine costs being the key driver.

How do OEM Engine Maintenance Contracts Affect the Ability to Remarket Aircraft? September 2017
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How do OEM Engine Maintenance Contracts Affect the Ability to Remarket Aircraft? September 2017

Aviation commentators have often remarked on the increasing presence of OEMs in the engine aftermarket. This is especially the case when it comes to engine maintenance, and the declining independent MRO solutions available. OEM maintenance contracts offer maintenance stability for operators, but can the widespread adoption of these affect resale values or leasing demands? Charlotte Daniels provides an assessment.

直升机

Helicopter taking off
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Helicopter Values Guide 2021-22

The commercial helicopter market is a resilient one, founded with well established and experienced stakeholders who are well practiced at managing the inevitable peaks and troughs the industry faces. The phrase 'Keep Calm and Carry On' is well versed, but requires intuition to sense and feel. Whilst 2020 was a year of challenge, it was also a year that the commercial helicopter sector rose to that challenge. Covid19 removed 99% of the fixed wing transport aircraft revenue stream. In contrast, only a fraction of this loss impacted the rotary wing world. Many contracts continued undisturbed despite hygiene requirements and protective screens on helicopters. Sectors such as law enforcement, air ambulance sectors, fire support, SAR, Border Control, Offshore utility and private/VIP continued to operate. Whilst the Coronavirus pandemic doesn't yet have an eradication policy, it Is coming under increasingly effective control that is slowly allowing all to ease back into business unscathed. New helicopter may have slowed, but the need to replace, renew or expand fleets of in-service helicopters continues. Whilst a helicopter might have up to 40 years of revenue earning capacity, it may only be suitable for its primary role for part of this time. Adaptable helicopters (that can be reconfigured economically and with limited time on the ground) are at a premium, and we can see that played out though the popularity of brands and types entering service. Medium helicopters are notably popular as they can be re-configured for secondary roles at minor expense. These are more commonly known as multi-versatile, multi-role assets. Annual totals of new Helicopter deliveries in 2020 were at a 15-year low, yet have recovered by more than 25% by Q3 of 2021. The value of these units delivered has also increased by 25%.   Click the link below to download a copy of our Helicopter Values Guide 2021-22 report. Download a Copy  

Helicopter Flying
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Aviation Intelligence - India's First Gift City Leasing Company

Vman aviation services have launched in India. Read our analysis of the first aircraft leasing company in the 'Gift City'.

How is Covid-19 Impacting the Helicopter Market Worldwide? June 2020
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How is Covid-19 Impacting the Helicopter Market Worldwide? June 2020

IBA's Alastair Fallon, Helicopter Aviation Analyst, joined the Helicopter Investor Town Hall Forum on Tuesday 9th June. Within the 60-minute session, the panel of industry experts assessed the health of the helicopter market and discussed how Covid-19 is affecting the different heli markets worldwide.

Will Covid-19 and Oil Price Cuts Send the Helicopter Market into a Spin?
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Will Covid-19 and Oil Price Cuts Send the Helicopter Market into a Spin?

The WHO has declared the spread of Coronavirus (Covid-19) a global pandemic and we are all bearing the brunt of an information overload from multiple sources via the media advising us how to live, work and travel. BA today announced it will cancel 75% of its flights with Easyjet grounding 100 of its 344 aircraft across Europe. Scheduled and charter fixed wing passenger flights the world over cannot operate.

How Will the Helicopter Market Evolve In 2019?
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How Will the Helicopter Market Evolve In 2019?

With the current levels of turmoil and change in the helicopter sector, IBA is regularly being asked challenging questions about the future of the market. Owen Geach, IBA's Chief Commercial Officer takes a look at the future of leasing in the helicopter market.

公务机

Business Jet parked at an Airport
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IBA's Business Jet Market Report January 2022

The global business jet fleet numbers almost 23,000 operational aircraft. With the abnormalities seen in business aircraft supply and demand since the start of the Coronavirus pandemic having a significant effect on the market, IBA's Business Jet report shine a light on current market trends in business aircraft.   Some key takeaways include: Though slow and cautious at the start of the pandemic, the Bizjet market has proven resilient andprosperous whilst wider commercial aviation has suffered There is high demand for business jets, and we find ourselves in a fast-paced environment in 2022 This high demand, coupled with low supply, has led to a seller's market Inflated Bizjet values are likely to return to normal as commercial aviation continues to recover ESG targets are likely to prove a key challenge to the market over the coming years Download the full report

租金价格

Boeing 737
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Is the clock ticking for Power by the Hour deals?

The last year has, even for the aviation industry, been very unusual; traumatic, in fact, for some businesses. The number of high-profile insolvencies at a time of very low demand for aircraft has given rise to a situation where the usual recourse available to lessors, that is repossession of aircraft and then re-leasing or selling the asset, is not available. As IBA reported in October 2020, this environment has resulted in a substantial increase in the number of PBH arrangements being negotiated as an alternative to repossession by lessors and/or rejection or abandonment by airlines. Will the demand for PBH deals persist as the aviation market recovers?

Power by the Hour Lease Rates
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Power by the Hour Lease Rates

What are PBH lease rates and are they a good thing?   The origins of PBH are from the 1960's when Rolls Royce leased engines by the hour to airlines. Aircraft leasing PBH has appeared before, more often for a short term if an airline was subject to seasonal fluctuations in traffic. Forward 60 years and PBH agreements are trending once again with more and more airlines seeking additional support from lessors. This short article looks at both the benefits and the shortcomings of the PBH revival.

Depressed Outlook for 737 MAX Lease Rates
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737 MAX租金率前景低迷

虽然737 MAX的售后回租率在短期内有望增强，但未来的直接租赁率却显得黯淡。   早在2018年代中期，出租人就遇到了难以安置MAX的麻烦，而依靠评级较差的航空公司以越来越低的利率进行安置。 到2018年底，费率已低至$ 270,000-$ 280,000，而在2019破晓之前，甚至在其停飞之前，许多出租人和运营商就质疑MAX的价值与其737-800同类产品的相对吸引力。

Historical Lease Rate Performance - 777-300ER. January 2020.
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Historical Lease Rate Performance - 777-300ER. January 2020.

As production draws to a close and the line moves over to the 777X, IBA's award winning appraisal team looks at the long term Lease Rate Performance for the 777-300ER. As of 30th January 2020, IBA's data intelligence platform IBA.iQ shows the 777-300ER fleet with 800 active aircraft, 18 parked/stored/damaged and 37 on backlog with zero part-outs.

IBA's Lease Rate Analysis - A330-300. December 2019
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IBA's Lease Rate Analysis - A330-300. December 2019

The widebody leasing market is less fluid than that for narrowbodies and is heavily controlled by sale leasebacks for new deliveries. The market started its recovery from a post 9/11 slump in 2003 and this resurgence was affected by the global financial crisis only slightly. Since 2015, however, excess capacity has exerted immense pressure on rates in the market. Bankruptcies, fleet management decisions and lease ends, particularly young lease ends, have each played a part.

Historical Lease Rate Performance - A320ceo v 737-800. December 2019
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Historical Lease Rate Performance - A320ceo v 737-800. December 2019

Historically, new delivery market lease rates have correlated well with 5-year swap rates, usually with a 6 to12-month lag. However, recent IBA research revealed that, despite rate increases since 2016, market lease rates have in contrast declined. We examined lease performances of the A320ceo and 737-800 both when new and at 10 years and summarise our key findings as follows:

How Low Will A330 Lease Rates Go?
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How Low Will A330 Lease Rates Go?

The A330ceo is now in its replacement phase. Secondary market availability and storage are relatively high and the A330-200 in particular has been in oversupply for some time.   Powered by IBA.iQ, our advisory teams have seen lease rates soften in recent years. The wave of pre-GFC delivered aircraft have returned from their initial leases which has put downward pressure on rentals in the market.

What to Look for When Valuing an Engine, March 2018
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What to Look for When Valuing an Engine, March 2018

Determining the value of an engine at different phases of its life-cycle requires consideration of a variety of factors, particularly engine maintenance value and engine core value. Depending on the phase of the engine's life, options to the owner include repair or overhaul to put value back into the asset; or, alternatively, green-time sale, tear-down and part-out of used serviceable material in order to extract remaining value from the engine. Maintenance value accounts for the value of life-limited parts (LLPs) and the value associated with the on-wing time before requiring a performance restoration.

IBA's Redelivery Whitepaper: The Picture in 2018
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IBA's Redelivery Whitepaper: The Picture in 2018

IBA recently updated its analysis around overspend in relation to redeliveries. As the infographic on page 9 highlights, overspends have increased since 2016, with engine costs being the key driver.

航司信用

Aviation Intelligence - Does a Global Crisis Drive Airline Start-ups?
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Aviation Intelligence - Does a Global Crisis Drive Airline Start-ups?

While it is becoming clear that the post-pandemic market is providing an opportunity, are global crises in general a breeding ground for brave and bold start-ups?

What is the Future of Korean Aviation Post Covid and is There the Potential of a Monopoly Mega Airline?
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What is the Future of Korean Aviation Post Covid and is There the Potential of a Monopoly Mega Airline?

2021 started weakly for the Korean aviation market, revenue passenger kilometres (RPKs) in January were 72% lower than the same month in 2019 according to IATA and our own InsightIQ Flights analysis. In this detailed report, Finlay Grogan, IBA airlines analyst, uses InsightIQ data to research and evaluate Korean airline performance, including financial reviews, fleet structures, utilisation levels, carbon emissions and future performance and consolidations.

How Will Enduring Flight Restrictions Cloud Performance Of Wizz Air's Planned Schedule?
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持续的旅行限制将如何影响维兹航空航班计划的表现？

最近几周，第二波新冠疫情猛烈反扑，航空公司的运营计划再度受挫，西欧多国启动了今年的第二次封锁。在这篇短文中，我们将利用 IBA 强大的全新智能数据平台 InsightIQ 的航班数据来查看维兹航空（英国和匈牙利）对其已发布航班计划的完成度。

Failure Rates For Airlines Has Remained Flat To The End Of October But What Does The Future Hold?
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Failure Rates For Airlines Has Remained Flat To The End Of October But What Does The Future Hold?

Using InsightIQ's analytics, in this analysis we have focused on airlines with aircraft having more than 25 seats and the primary concern is with fixed costs. A combination of cash reserves, payment holidays and government aid is being used for survival. Inevitably, as the crisis persists, the ability to repay debt becomes more remote.

Will Government Support Stave Off Second Wave Operator Casualties?
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Will Government Support Stave Off Second Wave Operator Casualties?

Using IBA's Operator Score for a sample of operators, we spotlight COVID-19's influence on the aviation industry and analyse government support for airlines as a proportion of their net profit, comprehensive margin and cash position. Below, IBA shares its opinion on government intervention to help airlines overcome the risks associated with COVID-19's downturn.

Q3 of 2020 Will Bring More Airline Failures Once Lifelines and Cash Reserves are Depleted
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Q3 of 2020 Will Bring More Airline Failures Once Lifelines and Cash Reserves are Depleted

Using data from IBA.iQ, the chart below illustrates the impact of the current crisis on airline failure rates.   For 2020, failures have intensified and survival of the fittest now depends on factors such as cash reserves, payment holidays and government aid until such time as the market re-opens and passenger demand returns.

IBA's Operator Risk Assessment - Aerolineas Argentinas December 2019
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IBA's Operator Risk Assessment - Aerolineas Argentinas December 2019

Full visibility of an asset's performance and value is essential in order to maximise returns. Oversupply, residual concerns and high fuel prices are all contributing to a more fluid picture than in recent years, making asset selection more critical.

新冠疫情

3 Challenges faced when returning stored aircraft to service
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3 Challenges faced when returning stored aircraft to service

As the world's widebodies return to the skies, we explore the key challenges of RTS processes, and specific implications for widebody aircraft.

An image showing a yellow Spirit Airlines Airbus A320neo aircraft on the ground at an airport
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Low cost airline capacity to grow past pre-Covid levels in 2022

IBA has forecasted a sharp recovery in capacity and demand in our recent commercial aviation market update.

Airline Industry Analysis: The Impact of Oil Prices & Coronavirus
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Airline Industry Analysis: The Impact of Oil Prices & Coronavirus

The historic correlation between high oil prices and airline failures is a proven trend. Combined with Coronavirus, they represent a clear and present danger to airlines.

Aviation Trends: Booking Spike Shows High Demand For Travel
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Aviation Trends: Booking Spike Shows High Demand For Travel

Data from IBA's InsightIQ platform has revealed strong regional variations in flight data and recovery of load factors.

3 Impacts of Covid-19 on Aircraft Repossession and Remarketing Timelines
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3 Impacts of Covid-19 on Aircraft Repossession and Remarketing Timelines

IBA's Phil Seymour investigates 3 key impacts that Covid-19 has had on the speed and efficiency of aircraft repossession and remarketing. This information was taken from IBA's submission to the report 'Aircraft Repossession Planning - Practical Considerations' produced for Internal Comparative Legal Guides (ICLG) 2021.

Sandstorm Fails to Blow China's Post-Covid Recovery Off Course: But Aviation Manufacturers Must Develop Equipment More Resistant to Harsh Conditions
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Sandstorm Fails to Blow China's Post-Covid Recovery Off Course: But Aviation Manufacturers Must Develop Equipment More Resistant to Harsh Conditions

Denesz Thiyagarajan, Engine Analyst, IBA Advisory, uses InsightIQ intelligence to explore the potential impact of weather conditions in Northern China on Engine performance and utilisation.

Airport Landing Slot Values; Heathrow Pre- and Post-Covid and the Battle for Airport Slots
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Airport Landing Slot Values; Heathrow Pre- and Post-Covid and the Battle for Airport Slots

Senior Aviation Analyst Youcef Berour Minarro investigates the airport slot market, the impact of Covid-19 at London Heathrow, and the outlook for future slot values.   This paper has been prepared to give an overview and insight into the current airport slot market, with specific emphasis on LHR as one of the most traded airports in the world. This article will review the impact COVID has had on LHR and what the IATA slot waiver extensions mean for slot values.   IBA are one of only a very few appraisers recognised for airport slot valuations having completed a variety of assignments at airports including London LHR, London Gatwick and New York JFK.   In 2015, IBA was involved in Europe's first ever bond tied to airport slots where Virgin Atlantic Airways secured a £220 million secured note transaction using the airline's take-off and landing slots at London Heathrow Airport. The bond was used to invest in new Boeing 787-9 aircraft. The bond had a tenor of 15 years. The notes were split between two tranches: £190 million A1 notes and £30 million A2 notes. The A1 notes have a weighted average life of 12 years, while the A2 notes have a weighted average life of 10 years. This was the first time in European air travel history that airport slots have been leveraged in this way, claiming the Deal of the Year in 2016.   In 2020 alone, IBA have been heavily involved in performing a range of valuations for various purposes including slots securitisations, balance sheet purposes and for disposal/acquisition of slots. Download the full report

The Evolving Structure of Japan's Aviation Market
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The Evolving Structure of Japan's Aviation Market

Lewis Leslie, Senior Aviation Analyst, IBA Advisory, uses InsightIQ Fleets and Values intelligence to explore the structure of the Japanese aviation market.   Executive Summary   19% of the Japanese in-service aircraft fleet remains either parked or stored. Aircraft utilisation by Japanese airlines has not yet recovered to pre-Covid levels, in line with global utilisation trends. However, the Japanese aviation market is robust and well-placed for growth opportunities in the Asia-Pacific region in coming years. Large scale fleet renewal is expected within the next 10 years, but the rate of replacement is uncertain due to delays to the Boeing 737 MAX. Sale and Leasebacks accounted for the majority of secondary market transactions in 2020 through to March 2021, with nine recorded. The volume of JOLCO transactions fell last year but is expected to recover as demand for new aircraft returns.

A fleet of aeroplanes
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Will The Embattled DHC8-400Q Fleet Survive Covid-19?

Finlay Grogan, an aviation analyst at IBA advisory, looks back at the historic performance of the DHC8-4000 fleet and how the programme has been challenged in more recent times. What does the future hold for this Canadian built aircraft?

Domestic plane travelling over new year
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China's Strong Domestic Air Travel Has Stalled Over The Lunar New Year

InsightIQ data revealed China has experienced a drop in domestic air travel in the fifteen-day period prior to the Lunar New Year compared to the same period in 2020. Following the resurgence of new Covid-19 cases in early January, new travel restrictions and subsequent lower demand for domestic travel have meant deep capacity cuts from local airlines.

Aviation Market Analysis
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Managing Your Aircraft Asset in a Lockdown Situation

The traditional asset management practice of a financier or lessor performing an annual inspection of an aircraft and its records has been severely impaired since the pandemic took a grip of the World.

Key Aviation Themes For 2021: Where To Find Signs Of Optimism
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2021年关键航空主题：乐观迹象在闪现

在我们之前的 2021 年度预测中，IBA 首席营收官 Stuart Hatcher 博士分享了 IBA 对于 2021 年交通、交易、资产价值和航司破产的观点。'2020 年已经成为过去式，我们是时候把目光投向 2021年 和之后的年度了；我们可以思考，是否有一些能让我们感觉到乐观的迹象。正在进行的疫苗接种过程将缓慢且漫长，尽管这可以称得上是积极的动态，但我们什么时候才能真切地预见当前市场的严峻形势开始走向缓和呢？'

What Will Transatlantic Flights Look Like Post-Recovery?
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What Will Transatlantic Flights Look Like Post-Recovery?

In mid-January 2021, Norwegian announced it will refocus its operations on European routes and cease long-haul operations as part of its plans to exit the insolvency court. Ever since it started servicing routes between Europe and the United States with its fleet of 32 Boeing 787s, the airline became known for offering customers the opportunity to travel on modern and fuel-efficient aircraft very cheaply.  

US Airlines Record Strong Increase In Capacity
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US Airlines Record Strong Increase In Capacity

Using data from IBA's intelligence platform InsightIQ, we can research and analyse flight data to show changing trends in capacity across regions, operators, city pairs and by aircraft type.  

Aircraft Fleet Evolution - Lufthansa and Delta
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Aircraft Fleet Evolution - Lufthansa and Delta

Using fleet data from IBA's intelligence platform InsightIQ, it's possible to review how airline fleets are evolving and changing over time. Using Lufthansa and Delta as examples, our analysts explore and illustrate the size of the in-service fleet in January 2020 compared to 2021.

What Are the Current Utilisation Levels for the 777 Family and Predicted Attrition?
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What Are the Current Utilisation Levels for the 777 Family and Predicted Attrition?

As you will be aware, the withdrawal of passenger capacity from the market has driven extraordinary demand for dedicated freighters. Some passenger aircraft have been temporarily converted and freight movements have strengthened. Using flight data from IBA's Intelligence platform InsightIQ, we can illustrate the utilisation of the 777 Boeing Family.

Will Blue Skies Greet Flybe's Re-Emergence?
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Will Blue Skies Greet Flybe's Re-Emergence?

Flybe was one of the earliest airline victims of the Coronavirus pandemic, ceasing commercial operations in March 2020. With recent news of a potential revival, IBA explores the former Flybe fleet in terms of redeployment, asset value and the status of the restart.

High Aircraft Storage Levels Will Continue Throughout 2021
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High Aircraft Storage Levels Will Continue Throughout 2021

The shocking outbreak of the Covid-19 pandemic at the beginning of 2020 initiated events that would rock the commercial aviation industry and guarantee the restructuring of even the largest airlines.

Will a Covid-19 vaccine change what's in store for the A380?
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Will a Covid-19 vaccine change what's in store for the A380?

The Airbus A380 is one of the aircraft types worst affected by the Coronavirus pandemic, 87% of the fleet currently parked or stored according to InsightIQ, IBA's online intelligence platform. The following chart illustrates the A380's present fleet status:

Failure Rates For Airlines Has Remained Flat To The End Of October But What Does The Future Hold?
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Failure Rates For Airlines Has Remained Flat To The End Of October But What Does The Future Hold?

Using InsightIQ's analytics, in this analysis we have focused on airlines with aircraft having more than 25 seats and the primary concern is with fixed costs. A combination of cash reserves, payment holidays and government aid is being used for survival. Inevitably, as the crisis persists, the ability to repay debt becomes more remote.

Is Capacity Growth Improving in Russia and China?
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Is Capacity Growth Improving in Russia and China?

Over the last 12 months, passenger flights experienced some resurgence as we approached the Northern Hemisphere's summer. Many people managed to get a summer holiday and the freight market remained solid.

Man looking at engine
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发动机维修需求

在疫情之前，IBA预测整个售后市场（窄体，宽体和支线飞机）将实现强劲增长。机队规模不断扩大，利用率提高，对发动机维修的需求也在增加。情况显然已经发生了巨大变化，最脆弱的资产-老旧的宽体机，将会最先被放弃进行维修。

Wing of plane mid flight
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Narrowbody Engine Market Performance

When it comes to recovery, the short haul market will be first and there are some positive signs, many engines re-entering service in North America, Europe and Asia. However, despite increased flight volumes and resultant higher engine utilisation, load factors remain low. Border restrictions persist across all regions and passenger confidence to travel continues to challenge.

Will Government Support Stave Off Second Wave Operator Casualties?
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Will Government Support Stave Off Second Wave Operator Casualties?

Using IBA's Operator Score for a sample of operators, we spotlight COVID-19's influence on the aviation industry and analyse government support for airlines as a proportion of their net profit, comprehensive margin and cash position. Below, IBA shares its opinion on government intervention to help airlines overcome the risks associated with COVID-19's downturn.

Preparing Stored Aircraft For Return To Service (RTS)
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准备让停放的飞机回归服务（RTS）

在过去7到8个月中，数以百计停放的飞机引起了人们关于长期停放和存储飞机的一波担忧。

Covid-19: The Impact on Airline Traffic to Mainland Europe
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Covid-19: The Impact on Airline Traffic to Mainland Europe

It goes without saying that Covid-19 has had a significant impact on the passenger demand for air travel. Since March, travel restrictions have been implemented for most of Europe due to government lockdowns and fears of spreading the virus. The following graphs outline the impact of Covid-19 on airline departures to Mainland Europe. Many airlines grounded their fleets as borders closed and lockdowns hampered the movement of passengers. As restrictions begin to ease a severely wounded aviation market is now beginning to recover.

Preparing the 737 MAX for its return to service (RTS)
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文章分析：准备迎接波音 737 MAX 的回归

16 个月之前，波音 737 MAX 的停飞对全球航空业产生了巨大影响。运营商，租赁商，机场，当然也包括波音公司自身都受到了停飞后所带来的冲击。许多与飞行机动特性增强系统（MCAS）相关的全新飞行控制软件现已被开发，使得重新进行试航认证变成了可能。我们预测在 2020 年的第四季度，对于 737 MAX 的停飞禁令会有一个决定性的结论。

Economic Crises and Average Aircraft Downtime Between Lease End Events and Placements; Can the Industry Maintain Downtime's Falling Trend During and After Covid-19?
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Economic Crises and Average Aircraft Downtime Between Lease End Events and Placements; Can the Industry Maintain Downtime's Falling Trend During and After Covid-19?

In recent years, the number of aircraft involved in lease end transactions has been increasing in line with growth of the global aircraft fleet. The volume of aircraft connected with operator failures has also risen over the last couple of years.

Utilisation Changes in the Emirates Fleet - Does This Signify the Demise of the A380?
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Utilisation Changes in the Emirates Fleet - Does This Signify the Demise of the A380?

There is a growing realisation that the Airbus A380 programme may have been short lived: with first deliveries of the aircraft type in October 2007, the industry was surprised to note the first A380 retirement in August 2017 - not one full decade later and well short of the expected 20 to 30 year life span of a commercial aircraft. Did the initial retirement, the subsequent retirement of three more examples, and the impact of Covid-19 sound the death knell for the A380 programme?

Positive Outlook for Boeing's 777X: Post-Pandemic Optimism Surrounds Twin-Engine Widebodies.
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Positive Outlook for Boeing's 777X: Post-Pandemic Optimism Surrounds Twin-Engine Widebodies.

In response to the Airbus A350 program, Boeing unveiled its revamped 777X model with plans to fly it in 2017 and an entry into service date of 2019. Designated to become the largest twin-engine widebody and equipped with the latest General Electric GE9X engines and folding Wingtips, the Boeing 777X aircraft attracted a total of 66 orders in 2013. These consisted of orders from Lufthansa (20), Etihad Airways (25) and Cathay Pacific Airways (21). Emirates, in the following year, recorded the largest single order of 150 Boeing 777X models, which were then supplemented by 50 orders from Qatar Airways and 20 from ANA in the same year. Therefore, the number of orders received in 2014 accounted for over 60% of the aggregate order number for the Boeing 777X to date, according to IBA.iQ, as of July 2020.   The twin-engine widebody has seen little growth in its order book since 2015, receiving only 58 orders from three airlines and one unidentified customer. Its latest confirmed order for 18 aircraft came from IAG and was announced at the 2019 Paris Air Show. The challenges of attracting more 777X orders stem not only from manufacturing delays caused by unexpected wear on the GE9X engine compressor, but also a combination of key external factors including widebody secondary market oversupply, the low fuel environment and the 737 MAX grounding. These negative influences have been amplified by the Covid-19 outbreak.   In light of the global pandemic, extra-large widebodies such as the Airbus A380 and Boeing 747 aircraft have been downgraded and their retirements from existing fleets accelerated. This indicates demand in this sector has been significantly cut and oversupply has been exacerbated. In addition to the early retirements, airline customers have been considering delaying deliveries of the Boeing 777X aircraft. Both Emirates and Lufthansa, both of which initially planned to receive their first 777X deliveries in 2020, have rescheduled for 2021 according to Boeing. The German national carrier is committing to a 2021 delivery despite the slowdown in its programme because of the pandemic.   In November 2019 Boeing reported a change to its 777X orderbook, disclosing that Emirates exercised an order conversion for 30 B777X to the B787-9 aircraft and 11 confirmed B777X to options. At the same time, Emirates revealed that six of its 777-300ER orders were converted to the B777X which resulted in a total of 115 confirmed B777X orders in its current backlog. Due to Covid-19's impact on travel and the consequent imposition of global restrictions, airlines have been struggling and seeking out financial support so they can survive the unprecedented situation. Global downsizing in the fleets of airline companies has already begun and OEMs have introduced further cuts in their production lines, with the Boeing 777/777X combined production rate to be reduced to three per month in 2021.   IBA has reviewed the current order backlog and the corresponding delivery stream of the Boeing 777/777X family so as to illustrate and highlight the plausible alternations to both order and delivery characteristics as a result of Covid-19. In this analysis, we are focusing on the current balance of Boeing 777/777X passenger aircraft orders received so far and excluding any speculative future orders. Please also note that the delivery figures in 2020 represent the whole year and do not include aircraft which have been built but not yet delivered due to the pandemic. Based on data from IBA.iQ, there were 309 Boeing 777X aircraft in Boeing's orderbook as of January 2020 plus 35 Boeing 777-300ERs and two 777-200LR aircraft which are expected to be delivered between 2020 and 2023. Due to the Covid-19 outbreak, Boeing has rescheduled introduction of its first 777-9X aircraft until at least 2021 and its 777-8X model until the following year. Therefore, the forecasted delivery pattern will inevitably be reshaped in the post-Covid era.   In view of the delivery schedule alterations prompted by Covid, we have considered two scenarios regarding Boeing 777/777X future deliveries. In the 'Base Case' scenario, we assume all orders in the current backlog will be fulfilled. However, since Boeing has adjusted its production rate for the B777/777X family, the subsequent production ramp-up for the 777Xs will be deferred by approximately 4-6 years.   Although air passenger traffic has begun to slowly recover from the global pandemic, we believe Covid-19's impact on the global aviation industry will be long lasting. As airlines continue to file for bankruptcy or to enter Chapter 11 rejection scenarios, and the threat of a plausible second wave persists, any potential V-Shaped recovery is a long way off. Hence, it is essential we evaluate and prepare for a prolonged post-Covid crisis, which we define as the worst-case scenario in this analysis.   While Boeing continues its 777X testing program, some airlines question the likelihood of an entry into commercial service occurring in 2021, as is currently planned. This concern has recently been highlighted by its largest customer, Emirates, in a recent interview with Bloomberg. Since Emirates expects its first delivery no sooner than 2022, we have adjusted the entry into service date of the first B777X aircraft to 2022 in our 'Post-Covid Crisis Case'. In aggregate, we expect around one fifth of Boeing 777X current orders to be either converted to other models or cancelled in this 'Crisis Case'. This is mainly due to airlines being desperate to ameliorate their balance sheets by removing their order burdens to help them survive the aftermath of Covid. Moreover, international travel demand is expected to take much longer to recover, which will significantly affect widebody operators. In April 2020, Cathay Pacific was contemplating adjustments to its B777X order, including lengthy delivery deferrals and the possibility of switching to the Boeing 787-10. Troubled Lufthansa is currently negotiating a restructuring deal with its shareholders, which might include a requirement to trim or remove its Boeing 777X commitment. The German flagship carrier already operates 16 Airbus 350-900s and has an additional 27 in its backlog.   Turning to the Boeing 777-300ER order backlog, we believe it will be challenging to deliver all remaining orders. In 2012, Pakistan International Airlines placed an order for five 777-300ER aircraft which has since been in hibernation for over eight years. This order is likely to be converted to other Boeing aircraft types since the airline deposited US$ 50M when they made the purchase order. In addition, 15 777-300ER aircraft were ordered between 2014 and 2015 by unidentified customer(s) and are waiting to be delivered. However, many more aircraft have since been ordered and have already been delivered, leaving the future of the undisclosed orders uncertain.   Although the Post Covid 'Crisis' scenario for the future of the Boeing 777X family seems pessimistic, some airline customers remain positive about the newly developed widebody. In June 2020, Qatar Airways announced it will retire its entire fleet of Boeing 777-200LR and 777-300ER aircraft over the next four years. This will pave the way for the Boeing 777X. Since it will also accelerate retirements of its A330s in the near term and its A380 fleet by 2028, it is likely that Qatar will place some top-up orders for Boeing 777X models in the future. According to IBA.iQ, the Middle East carrier currently has 10 B777-8 and 50 B777-9 aircraft in its backlog.   Apart from Qatar Airways, both Emirates and Etihad Airways show appetite for more Boeing 777X aircraft in their future fleets. Being the largest operator of both the Boeing B777-300ER (133) and the Airbus A380-800 (115), we expect Emirates will require more widebodies to fill the void created by the early retirements of its A380 fleet. Since there are more Boeing 777X in its backlog than the Airbus A350 family, the future top-up order will lean towards Boeing. Etihad expects to need more widebodies once it recovers from the current pandemic, and its orders are likely to be for B777Xs or A350s.   In order to examine which airlines are likely to place orders for Boeing 777Xs in the future, we have created an illustrative chart which presents each airline with a score on an index of 10, 10 being the maximum and 0 the minimum. Essentially, the airline score index is an overview of a number of criteria which we're applying to assess the possibility of any future B777X orders. From an operational perspective, important elements include whether the airlines have any existing B777X orders or orders from competitive models such as the A350 and B787. We also consider whether the airline operates B777 family aircraft or has any A380s or B747s in its current fleet. The model takes several financial criteria into account as well, such as whether the airline required financial aid to overcome the Covid crisis, how the airline's financial status compares with the previous year and the forecast of its financial status in the near future.     Based on the criteria mentioned above, we have established a chart which includes 20 airlines that are more or less likely to place future Boeing 777X orders. Most of the listed airlines are national flagship carriers which have wide international routes in their network, such as Air China, Saudi Arabian Airlines, ANA and Korean Air. Further, international airlines like Eva Air and Bamboo Airways are among the B777X's potential customers. Bamboo Airways has also been considering the 777X for US routes in forthcoming years. Many B777-300ER operators in Europe or North America have chosen to switch either to A350s, for example Aeroflot and Turkish Airlines, or to scale down to the B787 as a replacement, as in the case of Air Canada and American Airlines. Hence, potential bidders for the B777X are mainly from the Middle East and Asia Pacific regions. Although the Boeing 777X will eventually enter into service and gradually replace old variants, Boeing's 777-300ER will remain a significant figure in this market segment with nearly 800 in-service units operating as of July 2020. A combination of the low fuel environment, the delayed B777X programme and the high popularity of large twin-engine widebodies has resulted in a recent increase in B777-300ER lease extensions.   In October 2019, freighter conversion specialist Israel Aerospace Industries (IAI) and leasing giant GECAS unveiled the designated B777-300ER Special Freighter, with a launch order of 15 firm conversions and 15 options. In early June, GECAS delivered a B777-300ER to IAI for freighter conversion, which will become the prototype B777-300ERSF. Since the Boeing 777-300/300ER is the most popular aircraft type to be operated as a temporary freighter in the Coronavirus lockdown period, prospects for the B777-300ER freighter conversion programme look promising. The table below illustrates the passenger aircraft types which were employed as temporary freighters as of June.     The market value and lease rates of mid-aged or older Boeing 777-300ER aircraft have been relatively stable compared with other similar widebody types. Current owners and operators of this type are more likely to hold onto the asset as potential feedstock for the converted Special Freighter, which has 25% more cargo capacity than the standard B777 freighter but maintains 90% commonality with its B777F counterpart. Even though a proposed 777X freighter is expected in the long-term, the initial B777 freighters will be approximately 10 years old by 2025. So far, Boeing has been vague about the specifications of its 777X freighter. All we know is that it is likely to be based on the smaller variant Boeing 777-8, which will be six meters longer than the Boeing 777-200LRF freighter.   Despite prospects for large widebody aircraft having been dented by the global pandemic, we remain positive about the future of Boeing's 777X programme. Since most 777-300ER orders have been followed by its entry into service, we expect the 777X to perform similarly. However, we doubt order numbers will overtake those of the 777-300ER model due to direct competition from the Airbus A350 family which has comfortably occupied this market sector. Unlike the Airbus A380 and Boeing 747 aircraft which are currently facing early retirement or fleet downsizing, the performance of twin-engine widebodies remains relatively consistent. As some airlines start to phase out their Boeing 777 fleet over the coming decade, we are likely to witness Boeing 777X family aircraft in the portfolios of the Middle East and Asia-Pacific flag carriers.   Please contact Jie Zhou, our Senior Aviation Analyst, if you have any further questions, comments or feedback on the analysis discussed.   The data featured within this article is derived from IBA.iQ, our leading platform for aviation intelligence. We are currently offering free system demonstrations, sign up here.

Q3 of 2020 Will Bring More Airline Failures Once Lifelines and Cash Reserves are Depleted
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Q3 of 2020 Will Bring More Airline Failures Once Lifelines and Cash Reserves are Depleted

Using data from IBA.iQ, the chart below illustrates the impact of the current crisis on airline failure rates.   For 2020, failures have intensified and survival of the fittest now depends on factors such as cash reserves, payment holidays and government aid until such time as the market re-opens and passenger demand returns.

The Environmental Exit Plan After Covid-19
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The Environmental Exit Plan After Covid-19

ICAO's Carbon Offsetting Reduction Scheme for International Aviation (CORSIA), scheduled to commence in 2021 is designed as a global single market-based measure made to simultaneously complement a variety of governmental actions planned to secure carbon-neutral growth in aviation from 2021 onwards. The scheme intended to use CO2 emissions data from international airlines between 2019 and 2020 as a benchmark for future offsetting requirements.

How have the dynamics of the leasing market changed since Covid-19?
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How have the dynamics of the leasing market changed since Covid-19?

Pre-Covid, aircraft operating leasing was a very competitive space, capital having been flooding into the market over several years. Low interest rates drove increased interest in aircraft on operating leases as an investment class and we saw new players entering the market from Korea and, in particular, China. Many entities arose through joint ventures with existing European and North American lessors and via portfolio acquisitions.    

Slashed Revenues and Job Losses in the time of Covid-19: How are Governments Supporting the Aviation Industry?
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Slashed Revenues and Job Losses in the time of Covid-19: How are Governments Supporting the Aviation Industry?

In this short article, IBA's advisory team uses current IATA data together with its own Covid-19 research to spotlight the pandemic's global influence on aviation industry jobs, revenues and capacity and details the extent of government support for some airlines.

Covid-19 Drives Aircraft Oversupply And Reductions In Airline Fleet Sizes, May 2020
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Covid-19 Drives Aircraft Oversupply And Reductions In Airline Fleet Sizes, May 2020

As many of you will know, the effects of Covid-19 are going to change the size and makeup of airline fleets, and do so quickly.   In the next 20 months, it's possible that many older aircraft types could be universally withdrawn from service, along with significant numbers of older variants of current generation aircraft including the Boeing 777, A330 and A380. IBA, the leading aviation consultancy, estimate there will be an aircraft oversupply of up to 2,500 narrow and widebody aircraft in the market, with global demand, once the current restrictions are lifted, possibly declining by 20% by the end of 2021.

Will Covid-19 force South Korea's oversaturated aviation market to consolidate? May 2020
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Will Covid-19 force South Korea's oversaturated aviation market to consolidate? May 2020

According to data published by IATA, the outbreak of Covid-19 could result in a 22% drop in passenger volume and a USD 4.4B, ~KRW (South Korean won) 5.4T loss, in passenger base revenue for the Korean air transport market this year. Further effects will inevitably be felt through the whole economy, potentially leading to the loss of around 160,000 jobs and a USD 9B (~KRW 11T) hit to GDP. IATA members have urged the Korean government to urgently extend direct financial support, loan guarantees, support for corporate bond issuance and tax relief to airlines.

China's Grounded Aircraft Slowly Begin To Take Off. April 2020
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China's Grounded Aircraft Slowly Begin To Take Off. April 2020

According to the data published by the World Health Organisation, the number of total confirmed COVID-19 cases reached over 1 million as of 4th April 2020, which has subsequently doubled to over 2 million in just two weeks. While the United States and many countries in Europe have seen a record number of confirmed cases and deaths, the condition in China, the original epicentre, has significantly improved and stabilised. COVID-19 has placed the entire community in a totally unprecedented territory, and its effects on the economy, lifestyle and culture will be long lasting. Despite the fact that the final statistics are yet to be concluded, the influence on the aviation market will be detrimental and profound.

What Percentage of Aircraft Within ABS Structures Are Inactive? April 2020
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What Percentage of Aircraft Within ABS Structures Are Inactive? April 2020

ABS Portfolios - What is the Current Level of Fleet Utilisation?   Using IBA.iQ Fleets, IBA's award-winning advisory team show that over 60% of aircraft within ABS structures (launched after 2015), are either parked or stored. In comparison, 52% of the global passenger fleet is inactive, indicating that aircraft within current ABS portfolios are less active than the global fleet average.   As a result, IBA expects to see cashflow pressures within aircraft ABS structures as operators seek rental payment holidays and groundings cause uncertainty in the level of unplanned maintenance costs.   This uncertainty has the potential to cause defaults in ABS structures in the medium term (six to 12 months from now) once the impact of holiday rentals, early returns and the total cost of unplanned maintenance impacts overall liquidity.

Which airlines are braced for a safe landing after Covid-19's turbulence? March 2020
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Which airlines are braced for a safe landing after Covid-19's turbulence? March 2020

The Covid-19 outbreak has imposed some of the most severe financial difficulties seen in over a decade on the aviation industry. The unprecedented travel restrictions imposed by governments globally to manage and alleviate the spread of the Covid-19 virus have resulted in airlines facing economic hardships, with many requiring government bail outs.

Covid-19 Forces easyJet Fleet Out Of The Skies, March 2020
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Covid-19 Forces easyJet Fleet Out Of The Skies, March 2020

The Covid-19 outbreak has imposed some of the most severe financial difficulties seen in over a decade on the aviation industry. The unprecedented travel restrictions imposed by governments globally to manage and alleviate the spread of the Covid-19 virus have resulted in airlines facing economic hardships, with many requiring government bail outs.

The State of the Aviation Market and the Coronavirus Crisis, March 2020
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2020年3月新冠疫情危机下的航空现状

新冠疫情给我们带来了前所未有的挑战。它的影响不是局部的或特定于某一行业的，而是触及我们生活的方方面面。政府保护企业的力度和对社会干预的措施将比以往的任何危机事件都更深更广，因此接下来所发生的事情也将会超出我们的预期。

Will Covid-19 and Oil Price Cuts Send the Helicopter Market into a Spin?
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Will Covid-19 and Oil Price Cuts Send the Helicopter Market into a Spin?

The WHO has declared the spread of Coronavirus (Covid-19) a global pandemic and we are all bearing the brunt of an information overload from multiple sources via the media advising us how to live, work and travel. BA today announced it will cancel 75% of its flights with Easyjet grounding 100 of its 344 aircraft across Europe. Scheduled and charter fixed wing passenger flights the world over cannot operate.

IBA assesses the repercussions facing the aviation finance sector due to Covid-19, March 2020
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IBA assesses the repercussions facing the aviation finance sector due to Covid-19, March 2020

Stuart Hatcher, IBA's COO, says the impact of Covid-19 on airline and lessor finances will lead to a decline in aircraft values of over 10% for newer aircraft types and up to 30% for older aircraft in the short term.

How Will The Coronavirus Outbreak Impact The Aviation Industry? February 2020
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冠状病毒的爆发将如何影响航空业？ 2020年2月

发表报告：2020年2月17日   2020年初，前所未见的冠状病毒袭击了湖北省省会武汉市。作为中国中部人口最多的城市，其人口超过1100万。病毒现在被称为Covid-19，该病毒传播迅速，并且通过国际旅客在亚欧传播。迄2月17日为止，根据中华人民共和国国家卫生委员会透露，在中国已有70,640人被感染，其中1,772人死亡。该病毒尚未被遏制，因此数量仍在攀升。

售后及零部件

A group of Aeroflot aircraft at the gates of Moscow airport
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How long can Russian airlines maintain their aircraft?

IBA's experts examine how long Russian operators can keep aircraft flying with a limited supply of parts.

A view from the wing of a Boeing 747-400 aircraft showing wingtip and jet engines
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Freighters buck the trend in latest widebody aircraft engine values

The latest trends in aircraft engines you need to know, powered by IBA Insight.

Is There a Bright Future for Green Time Engines?
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Is There a Bright Future for Green Time Engines?

An aircraft or engine approaching its operational twilight years tends to require closer condition monitoring and increased maintenance investment. For many years, one option lessors and operators have used to achieve a good return on their asset is to part out the aircraft or engine for feedstock or to sell them into the aftermarket. Engines with little green time remaining are typically the best option for teardown.

How Has Covid-19 Affected Material Fair Market Values?
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How Has Covid-19 Affected Material Fair Market Values?

This month Adil Slimani, IBA's Head of Aftermarket Advisory shares his opinion on Covid and material Fair Market Values.   'Unprecedented' and 'Covid' have become synonymous with 2020 and the pandemic's tragic human cost has been the gravest many have experienced in generations. Numerous industries have also suffered and aviation has been one of the worst hit. Every step of the supply chain from financing, manufacturing, operation, maintenance and recycling has had to adapt to survive and, fundamentally, there are several market forces that have yet to play out. Here I'll try to share some insight into the causes and effects of a reduction in aircraft material fair market values (FMV).   For many entities, common strategies to protect capital, be they mothballing fleets, leveraging assets or furloughing staff have largely been played out and restructuring is underway. Various support mechanisms adopted by stakeholders such as renegotiating lease rates, payment holidays and deferred aircraft deliveries or redeliveries have enabled operations to continue at minimal levels and undoubtedly been a lifeline.

 

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