Aircraft Leasing refers to the renting of aircraft on a contract basis, allowing airline companies and other aircraft operators to procure the aircraft on the lease without actually having to purchase them outright. This further helps in reducing the financial burden while increasing the number of aircraft. Aircraft Leasing also provides the convenience of choosing the lease period. For instance; wet leasing is for a shorter period, and, dry leasing is for longer leasing period.
Acknowledging the kind of traction the market is witnessing currently, recently Market Research Future (MRFR) published a study report foretelling the growth prospects of the market up to 2023. In its study report, MRFR asserts that the global Aircraft leasing market will reach USD 62,221.8 Million by 2023, registering 4.75% CAGR during the forecast period (2017 – 2023).
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Industry/ Innovation/ Related News:
May 04, 2018 – Nordic Aviation Capital (NAC – Denmark), a leading regional aircraft leasing company announced its office expansion at Limerick’s Henry St.
May 17, 2018 – Nordic Aviation Capital (NAC – Denmark), a leading regional aircraft leasing company announced the acquisition of Aldus Aviation Fund (AAF) along with all of its aircraft assets. The acquisition brings NAC’s owned fleet to 413 aircraft.
Major Key Players
- Air Lease Corporation,
- BOC Aviation,
- CIT Commercial Air,
- Aviation Capital Group,
- Boeing Capital Corporation,
- SAAB Aircraft Leasing,
- International Lease Finance Corporation
As per MRFR analysis, the aircraft leasing market is expected to witness a remarkable growth during the forecast period as several companies are opting for leasing of aircraft. The global aircraft leasing market is expected to reach USD 62,221.8 million by 2023 with a growing CAGR of 4.75%.
As per MRFR analysis, the global aircraft leasing market has seen a potential growth over the last few years and is expected to witness a remarkable growth during the forecast period as several companies are opting for leasing of aircraft. The global aircraft leasing market is expected to reach USD 62,221.8 million by 2023 with a growing CAGR of 4.75%. The global aircraft leasing market is mainly influenced by the growing factors such as dominance of Irish and Chinese companies over the globe. Ireland is one if the major hub for aircraft leasing which has consumed around half of the market share of the global market. As a result, Europe has become the major revenue generator for the global market. Additionally, the rising demand for wet leasing market is also driving the market as several new airlines companies are coming into the market. Subsequently, the execution VAT on aircraft leasing has also boost up the market. On the other hand, the rising pricing of crude oil and complicated and unclear leasing regulations and taxation policies could affect the market growth of aircraft leasing market.
For the purpose of this study, MRFR has segmented the global aircraft leasing market into leasing type, aircraft type and region. On the basis of leasing type, the market has been divided into wet leasing and dry leasing. Wet leasing is dominating the global aircraft leasing market by type as several companies are opting for wet leasing as it comes with a shorter leasing period as compared to dry leasing. Whereas on the basis of aircraft leasing, the market has been divided into wide body aircraft and narrow body aircraft. Among these aircrafts, wide body aircraft consumed the largest market share in terms of value.
Geographically, the market has been divided into for major regions such as North America, Asia-Pacific, Europe and Rest of the World. Among these regions, Europe has come up as the leading region in terms of revenue. Presence of Irish companies and increasing attraction of other companies to start operations in Ireland is one of the major growing factors. However, Asia-Pacific is the second and fastest growing region followed by North America.
Europe region dominates the global aircraft leasing market with the largest share. Factors substantiating the market growth include resurging economy and the presence of some leasing companies in the region. Ireland, among the other European countries, accounts for the major contributor to the regional market growth. Ireland is the hub for aircraft leasing, consuming almost 50% of the total market share. And, out of 15 global lessors 14 global lessor operates from Ireland. As a result, Europe has become the major revenue generator for the global market.
Asia-Pacific accounts for the second-largest market for aircraft leasing owing to the emergence of several start-up companies in India, China, Malaysia, and Indonesia among others.
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This research report has provided the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global aircraft leasing market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.