Middle East & Africa Aviation Leasing Market Forecast to 2030 - Regional Analysis by Leasing Type (Dry Leasing, Wet Leasing, and Damp Leasing) and Aircraft Type (Narrow Body, Wide Body, and Regional Aircraft)

List of Tables

The Middle East & Africa aviation leasing market is expected to grow from US$ 19.5 billion in 2022 to US$ 29.2 billion by 2030; it is estimated to register a CAGR of 5.6% from 2023 to 2030.

There is a strong and steady demand for cargo aircraft leasing due to the increasing popularity of online shopping and global trade, which would provide opportunities for leasing companies. Also, the cargo market offers a diverse range of aircraft requirements. From smaller regional freighters to large wide-body cargo planes, there is a need for various aircraft types to accommodate different cargo volumes and transportation distances. Due to this diversity, leasing companies offer a wide portfolio of aircraft options to cater to the specific needs of cargo operators. In 2023, the UAE government issued a license for electric cargo aircraft. This license reflects the UAE's commitment to sustainable development and its proactive approach to embrace innovative solutions. These advancements in electric cargo aircraft are set to drive the growth of cargo deliveries, facilitating efficient, eco-friendly, and economically sustainable transportation of goods. Due to the continuous developments and adoption of new technologies in MEA region for expansion of supply chain the demand for cargo aircraft is increasing, which is further driving Middle East & Africa aviation leasing market growth.

Moreover, due to the rise in e-commerce and trading activities in the region, air transport is preferred for shipping cargo. This has given rise to the use of airlines to transport goods. For instance, according to the IATA, the cargo tonne-kilometers (CTKs) in the Middle East increased by 9.1% in March 2021 compared to March 2019, and CTKs in Africa rose by 23.1% for the same period. Thus, to manage the increasing cargo transport via air, airlines such as Emirates, Qatar Airways, Royal Jordanian, Etihad Airways, and Gulf Air rely on aircraft leasing for fleet management. For instance, in May 2023, Emirates SkyCargo wet-leased two 747-400Fs to add capacity to manage the fleets and increase cargo activities. Thus, rise in aircraft leasing activities by drives Middle East & Africa aviation leasing market players, drives the growth of market.

According to IATA, Middle Eastern airlines experienced an increase of 43.1% in traffic in March 2023, and Africa saw a rise of 71.7% in the same period. As the traffic grows, the airlines need a greater number of fleets to handle the increasing air traffic. In addition, the procurement cost of new aircraft is very high; hence, airlines lend aircraft from the aircraft leasing companies to trim the operating cost. For instance, in May 2023, LIFT, a South African airline, signed a lease agreement with AerCap to procure an Airbus A320-200 for its fleet and route expansion plans. The key market players in the aviation leasing market include Sahara African Aviation, Sofema Aviation Services, Air Charter Service, and Novus Aviation Capital. These market players lend their services to cater to the rising demand for aviation leasing, fueling the Middle East & Africa aviation leasing market growth.

The Middle East & Africa aviation leasing market size is segmented based on leasing type, aircraft type, and country. Based on leasing type, the MEA aviation leasing market is segmented into dry leasing, wet leasing, and damp leasing. Based on aircraft type, the MEA aviation leasing market is segmented into narrow body, wide body, and regional aircraft. By country, the Middle East & Africa aviation leasing market is segmented into Saudi Arabia, UAE, South Africa, Qatar, and the Rest of Middle East & Africa. A few of the major players operating in the Middle East & Africa aviation leasing market are Avilease, Abl Corporation, Novus Aviation Capital, Dubai Aerospace Enterprise (Dae) Ltd., Alafco Aviation Lease and Finance Co., Sahara African Aviation, Fair Aviation, Global Aviation Operations, and Acia Aero Leasing.

The Middle East & Africa aviation leasing market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Middle East & Africa aviation leasing market. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the Middle East & Africa aviation leasing market. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the Middle East & Africa aviation leasing market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the aviation leasing market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the aviation leasing market thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: TIPRE00029928

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Aviation Leasing Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Buyers
- 4.2.2 Bargaining Power of Suppliers
- 4.2.3 Threat to New Entrants
- 4.2.4 Threat to Substitutes
- 4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Aviation Leasing Market- Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rise in Air Passenger Traffic
- 5.1.2 Presence of Major Aircraft Leasing Companies in MEA
5.2 Market Restraints
- 5.2.1 International Countries Procuring Aircraft from MEA Airliners
5.3 Market Opportunities
- 5.3.1 Growth in Demand for Cargo Aircraft
5.4 Future Trends
- 5.4.1 Modernization of Fleet with NextGen Aviation and Eco-friendly Initiatives
5.5 Impact Analysis of Drivers and Restraints

6. Aviation Leasing Market- Middle East & Africa Market Analysis

6.1 Aviation Leasing Market Middle East & Africa Overview
6.2 Middle East & Africa Aviation Leasing Market Forecast and Analysis
6.3 Market Positioning- Top Five Players

7. Aviation Leasing Market Revenue and Forecast to 2030 - Leasing Type.

7.1 Overview
7.2 Aviation Leasing Market, By Leasing Type (2022 and 2030)
7.3 Dry Leasing
- 7.3.1 Overview
- 7.3.2 Dry Leasing: Aviation Leasing Market Revenue and Forecast To 2030 (US$ Million)
7.4 Wet Leasing
- 7.4.1 Overview
- 7.4.2 Wet Leasing: Aviation Leasing Market Revenue and Forecast To 2030 (US$ Million)
7.5 Damp Leasing
- 7.5.1 Overview
- 7.5.2 Damp Leasing: Aviation Leasing Market Revenue and Forecast To 2030 (US$ Million)

8. Aviation Leasing Market Revenue and Forecast to 2030 - Aircraft Type

8.1 Overview
8.2 Aviation Leasing Market, By Aircraft Type (2022 and 2030)
8.3 Narrow Body
- 8.3.1 Overview
- 8.3.2 Narrow Body: Aviation Leasing Market Revenue and Forecast To 2030 (US$ Million)
8.4 Wide Body
- 8.4.1 Overview
- 8.4.2 Wide Body: Aviation Leasing Market Revenue and Forecast To 2030 (US$ Million)
8.5 Regional Aircraft
- 8.5.1 Overview
- 8.5.2 Regional Aircraft: Aviation Leasing Market Revenue and Forecast To 2030 (US$ Million)

9. Aviation Leasing Market- Country Analysis

9.1.1.1 South Africa: Aviation Leasing Market- Revenue and Forecast to 2030 (US$ Million)
- 9.1.1.1.1 South Africa: Aviation Leasing Market, By Lease Type
- 9.1.1.1.2 South Africa: Aviation Leasing Market, By Aircraft Type
9.1.1.2 Saudi Arabia: Aviation Leasing Market- Revenue and Forecast to 2030 (US$ Million)
- 9.1.1.2.1 Saudi Arabia: Aviation Leasing Market, By Lease Type
- 9.1.1.2.2 Saudi Arabia: Aviation Leasing Market, By Aircraft Type
9.1.1.3 UAE: Aviation Leasing Market- Revenue and Forecast to 2030 (US$ Million)
- 9.1.1.3.1 UAE: Aviation Leasing Market, By Lease Type
- 9.1.1.3.2 UAE: Aviation Leasing Market, By Aircraft Type
9.1.1.4 Qatar: Aviation Leasing Market- Revenue and Forecast to 2030 (US$ Million)
- 9.1.1.4.1 Qatar: Aviation Leasing Market, By Lease Type
- 9.1.1.4.2 Qatar: Aviation Leasing Market, By Aircraft Type
9.1.1.5 Rest of MEA: Aviation Leasing Market- Revenue and Forecast to 2030 (US$ Million)
- 9.1.1.5.1 Rest of MEA: Aviation Leasing Market, By Lease Type
- 9.1.1.5.2 Rest of MEA: Aviation Leasing Market, By Aircraft Type

10. Impact of COVID-19 Pandemic on Aviation Leasing Market

10.1 Overview

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Mergers & Acquisitions

12. Company Profiles

12.1 Avilease PIF
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 ABL Corp
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Novus Aviation Capital Ltd
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Dubai Aerospace Enterprise Ltd
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Alafco Aviation Lease And Finance Co
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Sahara African Aviation (Pty) Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Fair Aviation (Pty) Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Global Aviation Operations (Pty) Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Acia Aero Leasing (Ireland) Ltd
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 AerCap Holdings NV
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Word Index