OneSky 2021-1 Enhanced Equipment Trust Securities Surveillance Report

Ratings

On April 29, 2026, Kroll Bond Rating Agency, LLC (“KBRA”) affirmed the following ratings on the securities indicated below:

Executive Summary

The ratings on the Loans and Certificates (“the Securities”) are based on KBRA’s Enhanced Equipment Trust Certificates & Secured Aviation Assets Global Rating Methodology, published on February 9, 2022. The ratings for the Securities reflect KBRA’s opinion regarding the likelihood of timely payment of interest and ultimate payment of principal.

Key Determinants

The ratings for the Securities reflect KBRA’s expected loss analysis and our view of the aircraft collateral pool as strategically important to Sky Flight LLC (“OneSky” or the “company”) as well as KBRA’s view of the company as having an appropriate credit profile to support the transaction’s…

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