Aircraft Leasing Market Size, Share, Trends, Industry Analysis Report: By Lease Type, Aircraft Type, Airline Type, and Region

Description

List of Tables

The aircraft leasing market size is expected to reach USD 551.47 billion by 2034, according to a new study by Polaris Market Research. The report "Aircraft Leasing Market Size, Share, Trends, Industry Analysis Report: By Lease Type (Operating Lease and Finance Lease), Aircraft Type, Airline Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Aircraft leasing is the practice of renting aircraft to airlines or operators for a specified period, allowing them to access airplanes without the upfront cost of purchasing them. The growing demand for air travel globally drives the aircraft leasing market growth. More people are traveling for business and leisure, pushing airlines to expand their fleets to meet this demand. Cost efficiency is a primary reason airlines turn to aircraft leasing. Purchasing new aircraft requires huge investments that many airlines cannot afford. Aircraft leasing offers a solution, enabling airlines to acquire the necessary planes without making a large financial commitment. This is particularly advantageous for low-cost carriers, emerging airlines, or those facing uncertain economic conditions, who can quickly scale their operations. Leasing provides a more cost-effective and flexible option than purchasing planes outright, making it a preferred choice for many carriers.

Leasing offers a more affordable alternative, allowing airlines to pay for aircraft over time. It also provides flexibility, enabling airlines to adjust fleet sizes according to demand without being bound by the long-term financial commitment of purchasing planes. This flexibility is particularly valuable during periods of market uncertainty or for carriers that operate seasonal routes, helping them manage their fleet needs more effectively.

Aircraft Leasing Market Report Highlights

In 2024, the operating lease segment held a larger share of the aircraft leasing market revenue due to their flexible terms, enabling airlines to manage fleet requirements without assuming ownership risks.

The narrow-body aircraft segment held a major market share based on aircraft type, driven by its operational efficiency and high demand in domestic and short-haul international routes.

In 2024, North America dominated the aircraft leasing market share, fueled by strong aviation infrastructure, high demand for air travel, and major leasing companies.

The Asia Pacific market is poised for rapid growth, driven by expanding middle-class populations, increasing tourism, and emerging LCCs.

A few global key market players are AerCap Holdings N.V., SMBC Aviation Capital, Air Lease Corporation, Avolon, BOC Aviation, Nordic Aviation Capital, ICBC Leasing, Aviation Capital Group, Dubai Aerospace Enterprise (DAE), CDB Aviation, Jackson Square Aviation, Carlyle Aviation Partners, Macquarie AirFinance, and TrueNoord.

Polaris Market Research has segmented the aircraft leasing market report on the basis of lease type, aircraft type, airline type, and region:

By Lease Type Outlook (Revenue, USD Billion, 2020-2034)

Operating Lease
Finance Lease

By Aircraft Type Outlook (Revenue, USD Billion, 2020-2034)

Wide Body Aircraft
Narrow Body Aircraft

By Airline Type Outlook (Revenue, USD Billion, 2020-2034)

Full-Service Carriers
Low-Cost Carriers
Carter Airline

By Regional Outlook (Revenue, USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM1627

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Aircraft Leasing Market Insights

4.1. Aircraft Leasing Market - Market Snapshot
4.2. Aircraft Leasing Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Rising Air Passenger Traffic
  - 4.2.1.2. Increasing Preference of Airlines to Lease
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Initial Cost
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Aircraft Leasing Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Aircraft Leasing Market, by Lease Type

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
5.3. Operating Lease
- 5.3.1. Global Aircraft Leasing Market, by Operating Lease, by Region, 2020-2034 (USD billion)
5.4. Finance Lease
- 5.4.1. Global Aircraft Leasing Market, by Finance Lease, by Region, 2020-2034 (USD billion)

6. Global Aircraft Leasing Market, by Aircraft Type

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
6.3. Wide Body Aircraft
- 6.3.1. Global Aircraft Leasing Market, by Wide Body Aircraft, by Region, 2020-2034 (USD billion)
6.4. Narrow Body Aircraft
- 6.4.1. Global Aircraft Leasing Market, by Narrow Body Aircraft, by Region, 2020-2034 (USD billion)

7. Global Aircraft Leasing Market, by Airline Type

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
7.3. Full-Service Carriers
- 7.3.1. Global Aircraft Leasing Market, by Full-Service Carriers, by Region, 2020-2034 (USD billion)
7.4. Low-Cost Carriers
- 7.4.1. Global Aircraft Leasing Market, by Low-Cost Carriers, by Region, 2020-2034 (USD billion)
7.5. Carter Airline
- 7.5.1. Global Aircraft Leasing Market, by Carter Airline, by Region, 2020-2034 (USD billion)

8. Global Aircraft Leasing Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Aircraft Leasing Market Assessment, By Geography, 2020-2034 (USD billion)
8.3. Aircraft Leasing Market - North America
- 8.3.1. North America: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
- 8.3.2. North America: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
- 8.3.3. North America: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.3.4. Aircraft Leasing Market - U.S.
  - 8.3.4.1. U.S.: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.3.4.2. U.S.: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.3.4.3. U.S.: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.3.5. Aircraft Leasing Market - Canada
  - 8.3.5.1. Canada: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.3.5.2. Canada: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.3.5.3. Canada: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
8.4. Aircraft Leasing Market - Europe
- 8.4.1. Europe: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
- 8.4.2. Europe: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
- 8.4.3. Europe: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.4.4. Aircraft Leasing Market - UK
  - 8.4.4.1. UK: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.4.4.2. UK: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.4.4.3. UK: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.4.5. Aircraft Leasing Market - France
  - 8.4.5.1. France: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.4.5.2. France: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.4.5.3. France: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.4.6. Aircraft Leasing Market - Germany
  - 8.4.6.1. Germany: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.4.6.2. Germany: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.4.6.3. Germany: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.4.7. Aircraft Leasing Market - Italy
  - 8.4.7.1. Italy: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.4.7.2. Italy: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.4.7.3. Italy: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.4.8. Aircraft Leasing Market - Spain
  - 8.4.8.1. Spain: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.4.8.2. Spain: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.4.8.3. Spain: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.4.9. Aircraft Leasing Market - Netherlands
  - 8.4.9.1. Netherlands: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.4.9.2. Netherlands: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.4.9.3. Netherlands: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.4.10. Aircraft Leasing Market - Russia
  - 8.4.10.1. Russia: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.4.10.2. Russia: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.4.10.3. Russia: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.4.11. Aircraft Leasing Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.4.11.2. Rest of Europe: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.4.11.3. Rest of Europe: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
8.5. Aircraft Leasing Market - Asia Pacific
- 8.5.1. Asia Pacific: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
- 8.5.2. Asia Pacific: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
- 8.5.3. Asia Pacific: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.5.4. Aircraft Leasing Market - China
  - 8.5.4.1. China: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.5.4.2. China: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.5.4.3. China: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.5.5. Aircraft Leasing Market - India
  - 8.5.5.1. India: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.5.5.2. India: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.5.5.3. India: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.5.6. Aircraft Leasing Market - Malaysia
  - 8.5.6.1. Malaysia: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.5.6.2. Malaysia: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.5.6.3. Malaysia: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.5.7. Aircraft Leasing Market - Japan
  - 8.5.7.1. Japan: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.5.7.2. Japan: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.5.7.3. Japan: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.5.8. Aircraft Leasing Market - Indonesia
  - 8.5.8.1. Indonesia: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.5.8.2. Indonesia: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.5.8.3. Indonesia: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.5.9. Aircraft Leasing Market - South Korea
  - 8.5.9.1. South Korea: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.5.9.2. South Korea: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.5.9.3. South Korea: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.5.10. Aircraft Leasing Market - Australia
  - 8.5.10.1. Australia: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.5.10.2. Australia: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.5.10.3. Australia: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.5.11. Aircraft Leasing Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.5.11.2. Rest of Asia Pacific: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.5.11.3. Rest of Asia Pacific: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
8.6. Aircraft Leasing Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
- 8.6.2. Middle East & Africa: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
- 8.6.3. Middle East & Africa: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.6.4. Aircraft Leasing Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.6.4.2. Saudi Arabia: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.6.4.3. Saudi Arabia: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.6.5. Aircraft Leasing Market - UAE
  - 8.6.5.1. UAE: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.6.5.2. UAE: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.6.5.3. UAE: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.6.6. Aircraft Leasing Market - Israel
  - 8.6.6.1. Israel: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.6.6.2. Israel: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.6.6.3. Israel: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.6.7. Aircraft Leasing Market - South Africa
  - 8.6.7.1. South Africa: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.6.7.2. South Africa: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.6.7.3. South Africa: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.6.8. Aircraft Leasing Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.6.8.2. Rest of Middle East & Africa: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.6.8.3. Rest of Middle East & Africa: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
8.7. Aircraft Leasing Market - Latin America
- 8.7.1. Latin America: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
- 8.7.2. Latin America: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
- 8.7.3. Latin America: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.7.4. Aircraft Leasing Market - Mexico
  - 8.7.4.1. Mexico: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.7.4.2. Mexico: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.7.4.3. Mexico: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.7.5. Aircraft Leasing Market - Brazil
  - 8.7.5.1. Brazil: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.7.5.2. Brazil: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.7.5.3. Brazil: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.7.6. Aircraft Leasing Market - Argentina
  - 8.7.6.1. Argentina: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.7.6.2. Argentina: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.7.6.3. Argentina: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)
- 8.7.7. Aircraft Leasing Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Aircraft Leasing Market, by Lease Type, 2020-2034 (USD billion)
  - 8.7.7.2. Rest of Latin America: Aircraft Leasing Market, by Aircraft Type, 2020-2034 (USD billion)
  - 8.7.7.3. Rest of Latin America: Aircraft Leasing Market, by Airline Type, 2020-2034 (USD billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. AerCap Holdings N.V.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. SMBC Aviation Capital
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Air Lease Corporation
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Avolon
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. BOC Aviation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. Nordic Aviation Capital
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. ICBC Leasing
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Aviation Capital Group
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Dubai Aerospace Enterprise (DAE)
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. CDB Aviation
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. Jackson Square Aviation
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
10.12. Carlyle Aviation Partners
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
10.13. Macquarie AirFinance
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
10.14. TrueNoord
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development