What are the Deal of the Year Awards?
First established over 15 years ago, the Ishka Airfinance Deal of the Year Awards have recognised excellence across
aviation finance through independent assessment. Shortlists and winners are determined by a panel of senior industry
figures drawing on verified deal data, market intelligence, and analytical rigour. This year’s awards span 25
categories covering the full breadth of aviation finance activity.
15+
Years of independent recognition
100%
Independently adjudicated
The judging panel
Judges do not vote in categories where their former employers are nominated.
BG
Bertrand Grabowski
Former executive board member, DVB Bank
Ryanair Group
RM
Robert Martin
Non-executive director and former CEO
BOC Aviation
OS
Olaf Sachau
Former CEO, Intrepid Aviation. Advisor, Itasca MGA
Intrepid Aviation
RM
Richard Moody
Former global head of transportation financing, Deutsche Bank
HCOB Aviation Capital
UZ
Ulrike Ziegler
President of the board, Impact on Sustainable Aviation
Sustainable Aviation
2025 shortlisted deals
The following deals have been selected for their innovation, complexity, and impact on the market. Each represents
a transaction that pushed boundaries in its category this year.
ABS Deal of the Year3 deals▼
Navigator 2025-1DAE / PIMCO
PKAIR 2025-2PK AirFinance
GGAM 2025-1Griffin Global Asset Management
Africa Deal of the Year1 deal▼
A350 Finance LeaseEthiopian Airlines
Alt Lender Deal of the Year3 deals▼
Aircraft Warehouse FacilityFortress
Aircraft Warehouse FacilityPhoenix Aviation Capital
A220 & Engine Commercial LoanBreeze Airways
Americas M&A Deal of the Year2 deals▼
Acquisition of Air Lease CorporationSMBC Aviation Capital
Acquisition of Air Transport Services GroupStonepeak
Asia-Pacific Deal of the Year3 deals▼
Boeing 777 Commercial LoanAir India
Sustainability-Linked Commercial LoanCMB Leasing
French Tax LeaseIndiGo
Aviation Finance House of the Year3 houses▼
BNP Paribas
MUFG
Societe Generale
Bank Loan Deal of the Year3 deals▼
A321neo Finance LeaseIndiGo
French Tax LeaseIndiGo
A350 PDP FinancingPhilippine Airlines
Best Asian M&A Deal of the Year3 deals▼
Capital RaiseAkasa Air
Acquisition of Crianza AviationFPG Amentum
BeYoke Aviation New JOL/JOLCO PlatformAIP Capital
Capital Markets Deal of the Year3 deals▼
Bond IssuancePhoenix Aviation Capital
Bond IssuanceAviLease
AASET MT-1 2025-1 Aircraft ABSCarlyle Aviation Partners
Cargo Deal of the Year3 deals▼
Aircraft Warehouse FacilityOaktree
Acquisition of Air Transport Services GroupStonepeak
Aircraft Commercial LoanTitan Aircraft Investments
Engine Deal of the Year3 deals▼
Engine Sale-LeasebackBeauTech Power Systems
WEST IX Engine ABSWillis Lease Finance Corporation
Engine Commercial LoanMarathon Asset Management
Europe Deal of the Year3 deals▼
Bond IssuanceTrueNoord
Commercial LoanVirgin Atlantic
Acquisition of Nordic Aviation CapitalDAE Capital
European M&A Deal of the Year3 deals▼
Aircraft PurchaseAvolon
Acquisition of Nordic Aviation CapitalDAE Capital
Acquisition of Air Lease CorporationSMBC Aviation Capital
Latin America Deal of the Year3 deals▼
Bond IssuanceGOL
DIP LoanGOL
Commercial LoanVivaAerobus
Lease Deal of the Year3 deals▼
737 Max Sale-LeasebackAkasa Air
A321neo Sale-LeasebackIndiGo
A321neo Operating LeaseUnited Airlines
Lessor of the Year2 lessors▼
Phoenix Aviation Capital
Dubai Aerospace Enterprise (DAE)
Middle East Deal of the Year3 deals▼
Aviation FundAviLease
Navigator 2025-1 Aircraft ABSDAE / PIMCO
AFIC-Itasca Supported FinancingOman Air
Most Innovative Deal of the Year3 deals▼
737 Max Commercial LoanAllegiant Travel
AASET MT-1 Aircraft ABS with Master Trust StructureCarlyle Aviation Partners
A321neo French Tax LeaseVivaAerobus
North America Deal of the Year3 deals▼
50-Aircraft PurchaseAzorra
Acquisition of Air Transport Services GroupStonepeak
Revolving Credit FacilityWillis Mitsui Engine Support
Regional Aircraft Deal of the Year3 deals▼
50-Aircraft PurchaseAzorra
Acquisition of Nordic Aviation CapitalDAE Capital
Warehouse FacilityAbelo Capital
Restructuring Deal of the Year2 deals▼
DIP LoanGOL
737-800 Commercial LoanPegasus Airlines
Supported Financing Deal of the Year3 deals▼
A321neo Insurance-Guaranteed LoanIndiGo
AFIC-Itasca Supported FinancingOman Air
A350 PDP FinancingPhilippine Airlines
Sustainable Financing Pioneer Award3 deals▼
Sustainability-Linked Commercial LoanCDB Aviation
A321neo Sustainability-Linked Commercial LoanPegasus Airlines
777F Commercial LoanCES Financial Leasing
Tax Lease Deal of the Year3 deals▼
A350 JOLCOEmirates
A320neo French Tax LeaseTAP Air Portugal
737 Max JOLCOSunExpress
Used Aircraft Deal of the Year3 deals▼
A321 Purchase & Lease NovationArena Aviation Capital
Aircraft Commercial LoanMacquarie AirFinance
737-800 Commercial LoanPegasus Airlines