Aircraft Leasing Global Market Report 2024

“Aircraft Leasing Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on aircraft leasing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for aircraft leasing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aircraft leasing market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Leasing Type: Wet Leasing; Dry Leasing
• 2) By Security Type: Asset-Backed Security (ABS); Non-ABS
• 3) By Aircraft Type: Narrow-body; Wide-body; Other Aircraft Types
• Companies Mentioned: AerCap Holdings N.V.; Air Lease Corporation; BOC Aviation Limited; Aviation Capital Group LLC; BBAM LLC
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Aircraft leasing involves a contractual arrangement between two parties, the lessor and the lessee, wherein the lessor provides an airplane to the lessee for a specific duration in exchange for periodic rental or lease payments. Airlines often choose aircraft leasing as a cost-effective method to expand their fleet or replace older planes without bearing the entire expense of purchasing new ones.

The primary types of aircraft leasing arrangements are Wet Leasing and Dry Leasing. A narrow-body aircraft is characterized by a single aisle configuration with seats on both sides. These aircraft, commonly utilized for short to medium-haul flights, are a popular choice in aircraft leasing arrangements. Various security types in aircraft leasing encompass asset-backed security (ABS) and non-ABS options, applicable across narrow-body, wide-body, and other aircraft categories.

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The aircraft leasing market size has grown strongly in recent years. It will grow from $178.31 billion in 2023 to $195.09 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The expansion witnessed in the historical period can be attributed to several factors including the globalization of aviation, the pursuit of cost-efficiency and flexibility, market deregulation facilitating increased competition, financial advantages for airlines, and the rise of low-cost carriers within the aviation industry.

The aircraft leasing market size is expected to see strong growth in the next few years. It will grow to $269.21 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The anticipated growth during the forecast period can be ascribed to the emergence of new markets, effective management of airline costs, economic recovery and expansion, sustainable aviation initiatives, and a transition towards shorter leasing periods. Key trends expected in the forecast period encompass fleet modernization, the proliferation of low-cost carriers, innovation in platforms, and a shift towards operating leases.

The anticipated surge in air travel demand is poised to drive the growth of the aircraft leasing market in the future. Air travel, involving the use of air transportation services via airplanes or helicopters, is increasingly opting for aircraft leasing as a strategic practice. Airlines choose to lease aircraft from leasing companies instead of outright purchases, offering them flexibility to adapt to changing demand, expand or contract their fleet, and avoid significant upfront capital costs associated with buying aircraft. Notably, in February 2023, the International Air Transport Association (IATA) reported a global total traffic increase of 39.7% in December 2022 compared to the same period in 2021. European carriers experienced a surge in demand by 46.5% during the same timeframe. Consequently, the rising demand for air travel is a key driver for the aircraft leasing market.

The increasing government expenditure on the defense sector is expected to contribute to the growth of the aircraft leasing market. Defense expenditure, encompassing spending on weapons, operations, maintenance, personnel, and specialized military equipment, significantly influences aircraft leasing dynamics. It creates demand for specific aircraft, supports military operations, facilitates fleet modernization, provides operational flexibility, and impacts the economic landscape for aircraft leasing companies specializing in defense contracts. For example, in March 2023, the United States Air Force (USAF) announced a fiscal year (FY) 2024 budget request of approximately $215.1 billion, reflecting a 4.5% increase over the approved figure for FY 2023. Consequently, the escalating government spending on the defense sector is a driving force for the aircraft leasing market.

The aircraft leasing market is witnessing a prominent trend driven by technological advancements. Key players in the market are actively developing sophisticated analytics platforms to maintain their competitive positions. An example of this is LEASEWORKS, a US-based company specializing in cloud-based software solutions for aircraft leasing and asset management. In April 2023, LEASEWORKS introduced the LeaseWorks Utilization Tracker, a utilization records software designed for lessors. Integrated into the Aeris MATCH software ecosystem, this tracker simplifies the collection of usage records from airlines operating across various regions and asset groups. Lessors can ensure compliance by scrutinizing and auditing airline utilization data, comparing aircraft usage patterns with fleet and regional trends, and tracking aircraft movements by country or city.

Major companies in the aircraft leasing market are also incorporating new aircraft leasing units as part of their strategic initiatives to boost revenues. A notable example is Adani APSEZ, an India-based logistics corporation, which launched a new aircraft leasing unit in India's GIFT City in November 2023. This move includes the establishment of a wholly-owned subsidiary called Udanvat Leasing IFSC, enabling Adani APSEZ to facilitate aircraft acquisitions for its airline customers and expand its services within the aviation industry. Additionally, Adani Ports has announced plans to develop a 40,000 sq.ft. facility at Dallas Executive Airport by early 2024, further enhancing its presence in the aviation sector.

In October 2021, SMBC Aviation Capital, an Ireland-based aircraft leasing company, acquired Goshawk Management Ltd for $6.7 billion. This strategic acquisition expanded SMBC Aviation Capital's capabilities, allowing the company to offer a diverse range of innovative solutions to its customers. Moreover, the acquisition played a pivotal role in facilitating the industry's transition to newer technology aircraft. Goshawk Management Ltd., based in Ireland, is a company specializing in aircraft leasing services.

Major companies operating in the aircraft leasing market report are AerCap Holdings N.V., Air Lease Corporation, BOC Aviation Limited, Aviation Capital Group LLC, BBAM LLC, GE Capital Aviation Services LLC, CIT Group, International Lease Finance Corporation, Dubai Aerospace Enterprise Ltd., Nordic Aviation Capital A/S, Avolon Holdings Limited, Industrial and Commercial Bank of China Limited, Sumitomo Mitsui Finance and Leasing Company Limited, Air France KLM, Lease Corporation International, Vista Global Holding Limited, Chapman Freeborn Holdings Ltd., SMBC Aviation Capital, CDB Aviation, Aircastle Ltd., Macquarie AirFinance Ltd., Aergo Capital Ltd., Apollo Aviation Group, Castlelake LP, Carlyle Aviation Partners Ltd., Falko Regional Aircraft Limited, Goshawk Aviation Limited, Jackson Square Aviation Limited, Mitsubishi UFJ Lease & Finance Company Limited, ORIX Aviation, Seraph Aviation Management Limited, SkyWorks Capital LLC, Altavair LP

Asia-pacific was the largest region in the aircraft leasing market in 2023. North America is expected to be the fastest-growing region in the global aircraft leasing market duirng the forecast period. The regions covered in the aircraft leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the aircraft leasing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The aircraft leasing market includes revenues earned by entities by providing aircraft leasing services such as operating lease and finance lease and damp leasing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.