Aircraft Leasing

Aircraft Leasing published by Global Industry Analysts, Inc. in February, 2009. This report consists of Pages: 509 and the price starts from US $ 3950.

Introduction

Abstract

This report analyzes the worldwide markets for Aircraft Leasing in US$ Billion. The report analyzes the Aircraft Leasing market by the following types (in terms of Leased Asset Portfolio): Commercial Jets, Regional Jets, and Business Jets. The report provides separate comprehensive analytics for the North America, Europe, Asia-Pacific, Latin America, and Rest of World. Annual forecasts are provided for each region for the period of 2006 through 2015. The report profiles 315 companies including many key and niche players worldwide such as International Lease Finance Corporation, GE Commercial Aviation Service, CIT Aerospace, RBS Aviation Capital, Babcock & Brown Aircraft Management LLC, Ansett Worldwide Aviation Services, Aviation Capital Group Corp., Boeing Capital Corporation, AerCap Group, MacQuarie Aircraft Leasing Services, BOC Aviation Pte Ltd., ALAFCO Aviation Lease and Finance Company KSCC, BAE Systems Plc., BCI Aircraft Leasing, Inc., and SAAB Aircraft Leasing. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

Table of Contents

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

• Study Reliability and Reporting Limitations
• Disclaimers
• Data Interpretation & Reporting Level
• Quantitative Techniques & Analytics
• Product Definition and Scope of Study

II. EXECUTIVE SUMMARY

1. Industry Overview & Outlook

• Aircraft Leasing Outlook - Closely Tied to Airline Industry' s Fortunes
• Leasing Aircraft -A Viable Alternative to Airlines Woes
• Global Financial Crisis and Aircraft Leasing
• Sale-and-Lease-Back Deals: Order of the Day
• Aircraft Financing - A Cause of Concern
• Airline Industry Trouble Spills Over to Manufacturers

2. Leased Asset Portfolio - Current Value and

• Commercial Jets Account for the Largest Type
• Europe and US Dominates, Asia-Pacific Exhibits Fastest Growth

3. Trends & Issues in Aircraft Leasing Industry

• Limited Credit and High Fuel Prices Soften Lease Rates
• Leasing Companies to Suffer from Falling Aircraft Values
• Declining Growth in Traffic Prompts Capacity Rationalization
• China to Emerge as the Fastest Growing Aviation Market in the Next Two Decades

4. Aircraft Leasing Industry in the Recent Past

5. Competitive Landscape

• Table 1: Leading Aircraft Lessors Worldwide by Leased Aircraft Asset Portfolio Value (2006 and 2007) - ILFC, GECAS, CIT Group, RBS Aviation Capital, Babcock & Brown, AWAS, Aviation Capital Group, Boeing Capital, AerCap, and MacQuarie Airfinance (includes corresponding Graph/Chart)
• ILFC' s Fate Raises Industry Concerns
• Table 2: Leading Narrow-Body Aircraft Lessors Worldwide by Leased Asset Portfolio Value (2007) - ILFC, GECAS, RBS Aviation Capital, Babcock & Brown, CIT Group, Aviation Capital Group, Boeing Capital, AWAS, AerCap, and MacQuarie Aircraft Leasing (includes corresponding Graph/Chart)
• Table 3: Leading Wide-Body Aircraft Lessors Worldwide by Leased Asset Portfolio Value (2007)- ILFC, GECAS, AWAS, CIT Group, Allco Equipment Leasing, Babcock& Brown, BOC Aviation, Aircastle Investment, Boeing Capital, and Oasis International Leasing (includes corresponding Graph/Chart)
• Table 4: Leading Regional Aircraft Lessors Worldwide by Leased Asset Portfolio Value (2007)-GECAS, BAE Systems Asset Management, RBS Aviation Capital, CIT Group, Bombardier Capital, AerCap, Allco Equipment Leasing, BCI Aircraft Leasing, GOAL, and Pembroke Group (includes corresponding Graph/Chart)
• Table 5: Leased Airbus Narrow Body Aircraft Portfolio Value by Type (2007) - A318, A319, A320, A321 (includes corresponding Graph/Chart)
• Table 6: Leased Airbus Wide-Body Aircraft Portfolio Value by Type (2007) - A300, A310, A330, A340 (includes corresponding Graph/Chart)
• Table 7: Leased Boeing Narrow Body Aircraft Portfolio Value by Type (2007) -737NG, 737CFMI, 757, 717, 727, and 737JT8D (includes corresponding Graph/Chart)
• Table 8: Leased Boeing Wide Body Aircraft Portfolio Value by Type (2007) -777, 767, and 747 (includes corresponding Graph/Chart)

6. Business Jets Market

• Fractional Ownership - An Emerging Business Option

7. Regional Jets Market

• Leasing - Not a Mainstay in Regional Jets Market

8. Aircraft Leasing - A Review

• Aircraft Leasing
• Aircraft Owned or Leased
• Key Advantages of Aircraft Leasing
• Aircraft Leasing Services
• Structure of Aircraft Leasing
• Process of Aircraft Leasing
• Fundamental Strategies Adhered by Lessors
• Classification of Aircraft Leasing
• Classification based on Ownership
• Finance Lease
• Operating Lease
• A Comparison between Operating Lease and Financial Lease
• Criteria for Determining the Type of Lease
• Accounting Treatment for Capital and Operating Lease
• Classification based on Services
• Wet leasing:
• Dry Leasing:
• Slot Swaps
• Risks and Challenges
• Key Determinants of the Airline Leasing Industry
• Fuel Costs and Lease Rates - Key Factors Affecting Aircraft Leasing Industry
• Interest Rates
• Fuel Costs
• Age of an Aircraft
• Aircraft Valuation
• Price Dynamics Vis-A-Vis Discounts: Supply Side Economics

9. Global Aviation Industry - A Perspective

• Global Economic Environment and its Impact on Aviation Industry
• An Insight into the Current Global Aircraft Demand
• Economic Development Influences Aviation Demand
• Developing Economies Hold the Key to Future Aviation Market Growth
• Urbanization Fuels Aviation Sector Growth
• Price - The Key Factor Influencing Air Travel Demand
• Table 9: Global Aviation Market (2007): Percentage Breakdown of Airline Traffic for Global Network, Major Network, Small Network, LCC, Charter and Regional & Affiliates (includes corresponding Graph/Chart)
• Table 10: Global Airlines Market by Geographic Region - Percentage Share Breakdown for US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin American Markets in terms of Passenger Traffic for the Years 2010 & 2015 (includes corresponding Graph/Chart)
• Emerging Regions to Gain Increased Share of Global Air Traffic
• Liberalization Wave Promises New Horizons for Air Travel Growth
• Factors Influencing Civil Aerospace Industry
• Strategic Trends: 2007-2008
• Current Scenario Looks Uncertain
• Uncertainty in Global Economy
• Emerging Economies Propel Market Expansion
• The Asian Influence
• Commercial Aircraft
• Table 11: Global Large Commercial Aircraft Market (2009-2011): Deliveries by Company for Boeing and Airbus (includes corresponding Graph/Chart)

10. Recent Industry Activity

• Developments at the Lessor-Lessee Level
• Hawaiian Airlines Enters New Lease Contracts with AWAS
• Kingfisher Airlines and Jet Airways Plan to Return 14 Leased Planes
• Airstream Leases Two Used Regional jets to Athens Airways
• Wataniya Airways Inks Leasing Agreement with ILFC for A320 Aircraft
• BCI and China Airlines Sign Sale-and-Lease-back Agreement
• Turkish Airlines Leases Airplanes from Two Leasing Companies
• BCI Extends Lease of Two A340-300 Airbus Aircraft with Air Namibia
• Wataniya Airways Leases Airbus A320 Aircraft from AerCap
• Alafco Leases Airbus Aircraft to Saudi Arabian Airlines
• CAB Approves Lease Agreement between Tiger Airways and SAA
• Global Air to Lease 8 Aircraft
• BCI Novates Operating Leases for Boeing Aircraft to Aloha Air Cargo
• ALAFCO Inks Lease Agreement with Saudi Arabian Airlines
• BOC Aviation Enters into a Purchase and Leaseback Agreement with Air Canada
• BOC Aviation Enters into Agreements for Leasing Two New A319-100 Aircraft
• China Southern Airlines Annuls Lease Back of an Airbus A321-200
• Bangkok Airways Enters Lease Contract with Aircraft International Renting
• Airstream Leases Two Boeing 737-800 Airplanes for Hapag- Lloyd
• Skywest Airlines Signs Contract with Capital Lease Aviation
• AVIV Signs MOU with GECAS to Sell ARJ21 Regional Jets
• China Southern Foregoes Purchase Rights of Five A321-200s to Lessors
• BOC Aviation Delivers First BOEING 737-800 to Shenzhen Airlines
• BOC Aviation Signs Agreements with Qantas Airways
• Air India to Lease 10 to 15 Aircraft
• TAP Enters Lease Agreement with AerVenture
• Jet Airways Signs Agreement to Lease Five Boeing 737s
• ICBC Signs Aircraft Leasing Agreement with Hainan Airline
• BOC Aviation Signs Lease Agreements with Asian Airlines
• Boeing Delivers Next-Generation Boeing 737-800 to Okay Airways
• Skybus Enters into an Accord with BOC
• BAE Systems Extends the Avro RJ85 Lease Agreement with Blue 1
• British Airways Obtains Debt Finance from Chinese Bank
• AerVenture Inks Agreements to Lease Six A320s to Aeroflot
• Etihad Signs Contract with CIT Aerospace for Two Airbus Aircraft
• GTK Rossiya Enters into Financial Leasing Contract with Ilyushin for An-148s
• Indian to Provide Aircraft on Wet Lease to India Post
• Jet Airways to Receive Two Boeing 737-800s on Lease from BOC Aviation
• Okay Airways Signs Aircraft Lease Agreement with AVIC Leasing
• WestJet Concludes Aircraft Leasing Contract with BOC Aviation
• Jet Airways Inks Agreements for 13 new ATR 72-500s
• AirAsia to Terminate Lease Agreements with Penerbangan Malaysia
• Advent Enters New Lease Agreement with Avation PLC
• Genesis signs Purchase-and-Leaseback Agreement with Deccan Aviation
• Estonian Airlines and Saab Aircraft Leasing Sign Lease Contract
• Aeroflot and UAC Sign Memo for leasing Il-96 aircraft
• Aeroflot Signs LOI with AerCap to Lease Airbus A330 Aircraft
• Virgin Blue Purchases Six Boeing 777s
• Belavia Obtains First CRJ-100LR Under Leasing Contract with DSF
• Dragon Aviation Leases Airbus A320 to JuneYao Airlines
• BAE Systems Leases Jetstream 41 to Eastern Skyjets
• CIT Aerospace to Lease B737-800 to OASC
• Hawaiian Concludes Aircraft Acquisition, Enters into Lease Agreement with AWAS
• AeroCentury Acquires and Leases Saab 340B Aircraft to Colgan Air
• BAE Enters into an Aircraft Lease Agreement with Transwede
• Air India to Wet Lease Five Airplanes
• Saab Aircraft to Lease Out 25 Advanced Saab 340Bplus Aircraft
• Avion to Acquire Minority Interest in Advent Air and Lease Airbus A320 Aircraft
• SpiceJet and Babcock & Brown Sign Sales and Lease Agreement
• Indian to Lease 12 Planes for Network Expansion
• AirAsia Inks Agreement to Lease Planes to Fly Asian Xpress
• Indian to Lease 16 Airbuses for Indian Aviation Market
• SALE Inks Lease Agreements with WestJet
• Regional Express and SAAB Sign Lease Agreement
• SALE Signs Lease Agreements with Shandong Airlines
• GATX Air Acquires Two A320s From Tiger Airways
• Beriev Taganrog Inks Aircraft Leasing Agreement With Portugal
• Ilyushin Finance Company To Supply Jets To Syria' s Arab Airlines
• AeroCentury Leases Saab 340A Aircraft to RegionsAir
• SALE Orders for 10 Additional Boeing 737 Aircraft
• SALE Leases Out the Maiden Version of Airbus A320
• Adam Air to Acquire 30 Airbus A320 Aircraft
• IA Receives Offers for Lease of Airbus to Run on European and Australian Routes
• ANA to Expand its Fleet by Five A320 Aircraft
• AeroCentury Re-Leases Two Dash-8-300s to LIAT
• BAE Signs Contracts with Three Large Airlines
• WestJet Leases Jets from ILFC
• Eurofly Inks an Agreement with Airbus
• AeroCentury Inks Agreement for Aircraft Lease with VLM Airlines
• BCI Aircraft Acquires 3 Boeing 767-300ERs and Leases Out to TUI AG
• Developments at the Manufacturer-Lessor Level
• BOC Aviation Places Order for 20 A320 aircraft
• CIT Aerospace Places Repeat Order for Ten Airbus A320
• AerCap Signs a Contract with Airbus
• DAE Capital Places Order for 100 Airbus Aircraft
• Genesis Lease Limited Acquires Boeing 767-300ER Aircraft
• Biman Bangladesh Airlines Plans to Acquire Two Boeing 737-800s Aircraft
• Boeing Supplies 737-900ER Airplane to GE Commercial
• Boeing Delivers Next-Generation 737-800 to ILFC
• Boeing Supplies first 737-900ERs to Europe
• AWAS Completes Purchase of Six A330 Aircraft
• B&B Air Acquires Five Aircraft from Boeing and Airbus
• CIT Inks a Contract for A320 Family Aircraft and A330-200s
• Boeing Delivers 747-400 Freighter to GECAS
• BOC Aviation Signs Contract with Airbus for Five A330-200F Cargo Aircraft
• AWAS Inks Contract for Airbus A320 Family Aircraft
• Vietnam Places Order for A350 XWB and A321 Aircraft
• AWAS Places Orders for Next-Generation 737-800
• Vietnam and Boeing to Ink Purchase Agreements for 12 Boeing 787-8
• DAE Capital Inks Agreements with Airbus and Boeing
• ILFC Revises A350 order to A350 XWBs
• Aviation Capital Inks Agreement for Supply for A320 Family Aircraft
• CIT Inks Contract for Supply of A350 XWB and A320 Family Aircraft
• Intrepid Enters into a Purchase and Lease Agreement with Airbus
• ALAFCO Enters into Financing and Leasing Agreement with Airbus
• BCI Acquires Boeing 737-300QC Aircraft
• Boeing Obtains Order for 787-9 Dreamliner from LCAL
• Airbus and Intrepid Leasing Sign LOI for 20 Cargo Aircraft
• SALE Signs a US$2.8 Billion Agreement for 40 Aircraft
• ALAFCO Signs Firm Contract for 6 Airbus A320 Aircraft
• Boeing Delivers First 737-800 Aircraft to SALE
• CIT Signs Contract with Airbus for Supply of Aircraft
• ILFC Signs Supply Contract with Airbus for A320 Aircraft
• SALE Places an Order for 10 Boeing Aircraft
• Dubai Aerospace Plans Purchase Of 50 Aircraft
• Bombardier and Caribbean Aircraft Leasing Sign Contract for Q300 Aircraft
• SALE to Acquire 40 Boeing aircraft
• Other developments
• Jazeera Airways Establishes Aircraft Leasing Company
• Austrian Hypo to Launch Aircraft Leasing Services
• Aergo Capital Acquires Aviation Leasing Business in South Africa
• Aldus Commences Business Operations
• Vinacapital Purchases 10% Stake in Vietnam Aircraft Leasing
• SEC Approves Incorporation of Aircraft Leasing Firm
• Vietnam Enters Plane Leasing Business
• DAE Forays into Aircraft Leasing Business
• Xojet Receives Investment Worth $143 million
• Four Chinese Banks to Establish Aircraft Leasing Companies
• Hainan Airlines to Establish an Aircraft Leasing Company
• Terra Firma Acquires Pegasus Aviation Finance
• Al Salam Bank Completes Equity Stake Acquisition in Boeing 777
• Global Aircraft Solutions to Acquire Stakes in Global Aircraft Leasing
• Macquarie Aircraft Acquires Stakes in KG Aircraft Leasing
• Terra Firma Acquires Pegasus Aviation Finance
• UIB to Establish Aircraft Leasing Company in Bahrain
• HNA Group Plans to Begin Aircraft Leasing Business
• AVIC I to Form a Leasing Unit
• Aircastle to Acquire 38 Aircraft from US Investment Group
• GATX Divests Aircraft Joint Ventures to MALL
• RBS and Bank of China to Tie-up for Aircraft Leasing
• Bank of China Acquires SALE
• Shanghai Electric to Start Aircraft Leasing unit
• MKA Inks a Share Exchange Agreement with Sancon Recycling
• Bravia Capital Partners And ILFS form Joint Venture
• Terra Firma Completes Acquisition of AWAS
• Oasis International Acquires Jet Fleet from Airbus
• Financial Telecom Limited Changes Name to MKA Capital
• BVI to Acquire New Bombardier Jet
• Fintel Takes Over Control of MK Aviation
• Jet Airways Wet Leases Aircraft to Gulf Air
• GE Commercial Finance Acquires CIT Aircraft Business
• Air Arabia Announces Aircraft Acquisition Plans
• GE and US Airways enter Aircraft Lease and Finance Agreement
• WestLB Acquires Stake in SALE

11. Focus on Major Global Players

• International Lease Finance Corporation (USA)
• GE Commercial Aviation Service (USA)
• CIT Aerospace (USA)
• RBS Aviation Capital (Ireland)
• Babcock & Brown Aircraft Management LLC (Australia)
• Ansett Worldwide Aviation Services - AWAS (Ireland)
• Aviation Capital Group Corp (USA)
• Boeing Capital Corporation (USA)
• AerCap Group (Netherlands)
• MacQuarie Aircraft Leasing Services (USA)
• BOC Aviation Pte Ltd (Singapore)
• ALAFCO Aviation Lease and Finance Company KSCC (Kuwait)
• BAE Systems Plc (UK)
• BCI Aircraft Leasing, Inc (USA)
• SAAB Aircraft Leasing (USA)

12. Global Market Perspective

• Table 12: World Recent Past, Current & Future Analysis for Aircraft Leasing by Geographic Region - North America, Europe, Asia-Pacific, Latin America and Rest of World Independently Analyzed in terms of Leased Asset Portfolio Value in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)
• Table 13: World 10-year Perspective for Aircraft Leasing by Geographic Region - North America, Europe, Asia-Pacific, Latin America and Rest of World for 2006, 2009, and 2015 (includes corresponding Graph/Chart)
• Table 14: World Recent Past, Current & Future Analysis for Commercial Jet Leasing by Geographic Region - North America, Europe, Asia-Pacific, Latin America and Rest of World Independently Analyzed in terms of Leased Asset Portfolio Value in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)
• Table 15: World 10-year perspective for Commercial Aircraft Leasing by Geographic Region - North America, Europe, Asia-Pacific, Latin America and Rest of World for 2006, 2009, and 2015 (includes corresponding Graph/Chart)
• Table 16: World Recent Past, Current & Future Analysis for Regional Jet Leasing by Geographic Region - North America, Europe, Asia-Pacific, Latin America and Rest of World Independently Analyzed with Leased Asset Portfolio in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)
• Table 17: World 10-year Perspective for Regional Jet Leasing by Geographic Region - North America, Europe, Asia-Pacific, Latin America and Rest of World for 2006, 2009, and 2015 (includes corresponding Graph/Chart)
• Table 18: World Recent Past, Current & Future Analysis for Business Jet Leasing by Geographic Region - North America, Europe, Asia-Pacific, Latin America and Rest of World Independently Analyzed with Leased Asset Portfolio in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)
• Table 19: World 10-year perspective for Business Jet Leasing by Geographic Region - North America, Europe, Asia-Pacific, Latin America and Rest of World for 2006, 2009, and 2015 (includes corresponding Graph/Chart)

III. MARKET

1. North America

• A. Market Analysis
  • Current and Future Analysis
  • Outlook
  • Slowdown in US Economy
  • US Regional Jets Market Facing Turbulent Times
  • Regulatory Setup in US Aviation Industry
  • Strategic Corporate Developments
  • Select Key Players
• B. Market Analytics
  • Table 20: North American Recent Past, Current & Future Analysis for Aircraft Leasing Market by Segment- Commercial Jets, Regional Jets, and Business Jets- Markets Independently Analyzed with Leased Asset Portfolio in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)
  • Table 21: North American 10-year perspective for Aircraft Leasing Market by Segment- Commercial Jets, Regional Jets, and Business Jets- Markets for 2006, 2009, and 2015 (includes corresponding Graph/Chart)

2. Europe

• A. Market Analysis
  • Current and Future Analysis
  • Outlook
  • Aircraft Leasing Higher in Europe Compared to North America
  • Ireland - A hub for Global Leasing Industry
  • Strategic Corporate Developments
  • Select Key Players
• B. Market Analytics
  • Table 22: European Recent Past, Current & Future Analysis for Aircraft Leasing by Type- Commercial Jets, Regional Jets, and Business Jets- Independently Analyzed in terms of Leased Asset Portfolio in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)
  • Table 23: European 10-year Perspective for Aircraft Leasing Portfolio by Type- Commercial Jets, Regional Jets and Business Jets for 2006, 2009, and 2015 (includes corresponding Graph/Chart)

3. Asia-Pacific

• A. Market Analysis
  • Indo-China Open Sky Policy Propels Aviation Industry
  • INDIA
  • Aviation Industry- Regulatory Setup in India
  • Declining Lease Rentals Offer no Breather to the Bleeding Airlines
  • Indian Carriers Seek Capacity Rationalization
  • Market for Business Jets on the Rise
  • CHINA
  • Slowdown in Chinese Airline Market Raises Concerns
  • Chinese Banks Foray into the Global Aircraft Financing Market
  • Easing Regulations Drive Domestic Players to Foray into Aircraft Leasing
  • Strategic Corporate Developments
  • Select Key Players
• B. Market Analytics
  • Table 24: Asia-Pacific Recent Past, Current & Future Analysis for Aircraft Leasing by Type- Commercial Jets, Regional Jets, and Business Jets- Independently Analyzed in terms of Leased Asset Portfolio in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)
  • Table 25: Asia-Pacific 10-year Perspective for Aircraft Leasing Portfolio by Type- Commercial Jets, Regional Jets, and Business Jets for 2006, 2009, and 2015 (includes corresponding Graph/Chart)

4. Latin America

• A. Market Analysis
  • Current and Future Analysis
• B. Market Analytics
  • Table 26: Latin American Recent Past, Current & Future Analysis for Aircraft Leasing by Type- Commercial Jets, Regional Jets, and Business Jets- Independently Analyzed in terms of Leased Asset Portfolio in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)
  • Table 27: Latin American 10-year Perspective for Aircraft Leasing Portfolio by Type- Commercial Jets, Regional Jets, and Business Jets for 2006, 2009, and 2015 (includes correspondingGraph/Chart)

5. Rest of World

• A. Market Analysis
  • Current and Future Analysis
  • Outlook
  • Aviation Industry in Middle East - Flourishing During the Global Slump
  • Aircraft Leasing Industry in Middle East
  • Industry Structure
  • New Airport to Surge Leasing Activities in Middle EastStrategic
  • Strategic Corporate Developments
  • Select Key Players
• B. Market Analytics
  • Table 28: Rest of World (*) Recent Past, Current & Future Analysis for Aircraft Leasing by Type- Commercial Jets, Regional Jets, and Business Jets- Independently Analyzed in terms of Leased Asset Portfolio in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)
  • Table 29: Rest of World (*) 10-year Perspective for Aircraft Leasing Portfolio by Type- Commercial Jets, Regional Jets, and Business Jets for 2006, 2009, and 2015 (includes corresponding Graph/Chart)

COMPETITIVE LANDSCAPE

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