Global Aircraft Leasing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aircraft Leasing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Aircraft leases are leases used by airlines and other aircraft operators. Airlines lease aircraft from other airlines or leasing companies for two main reasons: to operate aircraft without the financial burden of buying them, and to provide temporary increase in capacity. The report mainly studies the global aircraft leasing market.

Market Overview:

The latest research study on the global Aircraft Leasing market finds that the global Aircraft Leasing market reached a value of USD 48975.05 million in 2022. It’s expected that the market will achieve USD 64406.47 million by 2028, exhibiting a CAGR of 4.67% during the forecast period.

Generally speaking, the impact of COVID-19 epidemic on leasing companies is limited. The revenue of aircraft leasing business is stable. There is no obvious difference between the profit model of leasing companies and traditional banks. They all pursue low financing costs and high financial leverage on the premise of strictly controlling risks. However, the biggest difference between aircraft leasing and other equipment leasing lies in the stability of its own value due to its special attributes, which enables the lessor of aircraft leasing to obtain more stable and long-term benefits and bear less residual value risk. During the COVID-19 outbreak in 2020, the residual value of aircraft and the rental price were severely impacted, but for the stock lease contract, the aviation company still had to fulfill its obligation to pay the rent. The leasing company is only allowed to delay the payment of part of the rent and reduce the micro-rent. As long as the airline does not face extreme situations such as bankruptcy and reorganization, the rental income of the leasing company is still fully guaranteed.

But not all lessors can survive the pandemic. Since the outbreak, both the strong and the weak have been struggling with customers' demand for rent extension. It remains to be seen whether the airline can really repay the deferred rent in full or whether the lessor must regard it as a blow to its balance sheet. However, after the epidemic, more and more lessors and investors will turn to high-quality services to reduce risks.

Although Covid-19 brings these great challenges to the industry, leasing will continue to be an indispensable part of the aircraft industry. However, with the successful introduction of Covid-19 vaccine, the epidemic situation has further improved, airlines will start to transport passengers in groups again, and the aircraft leasing industry will continue to develop. In the long run, Covid-19 will not hinder the long-term development of aircraft leasing industry. However, the absolute impact of this typical black swan event will never be forgotten, and the lessons that aircraft leasing will learn from this pandemic will shape this industry for many years to come.

Social Factors

From the perspective of social environment, the influence of population environment can not be ignored, mainly including population size, age structure, population distribution, ethnic structure and income distribution. Generally speaking, the population size affects the market capacity of a regional market to a certain extent. For example, the huge population base of the Asia-Pacific market determines the market capacity. In addition, social factors such as social development level and population consumption attitude also profoundly affect the demand level of aircraft leasing industry. The acceleration of upgrading the overall consumption structure and industrial structure will accelerate the growth of tourism demand, commercial travel demand and freight demand. The growth trend will be directly fed back to the air transport industry, and indirectly promote the development of aircraft leasing.

Technological Factors

With the development of economy, the global level of science and technology has been improved unprecedentedly. With the continuous innovation of production technology in aviation manufacturing industry and the continuous expansion of shipping demand in aviation industry, the number of aircraft in downstream airlines can not meet the demand. However, due to the high purchase cost, many airlines lack enough funds to purchase new models. More and more companies began to demand rental services. The technology of aviation manufacturing industry will be fed back into aircraft leasing. In addition, with the further development of Internet technology, the digital integration of aircraft leasing industry management is accelerated. The industry operation began to integrate technologies such as cloud computing to help the aircraft leasing industry manage its business more effectively and avoid risks.

Region Overview:

Asia-Pacific dominated the Aircraft Leasing market in 2022, with a market share of 35.26%.

Company Overview:

AerCap is one of the major players operating in the Aircraft Leasing market, holding a share of 10.23% in 2023.

AerCap

AerCap is the global leader in aircraft leasing with one of the most attractive order books in the industry. AerCap Holdings NV is the world's largest aircraft leasing firm by fleet value, and is listed on the New York Stock Exchange (AER). It has its headquarters in Dublin with offices in Amsterdam, Los Angeles, Shannon, Fort Lauderdale, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.

GECAS

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, and airframe parts management.

Segmentation Overview:

As for product types, the Dry Leasing segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Dry Leasing, with a market share of 56.95% in 2022.

Key Companies in the global Aircraft Leasing market covered in Chapter 3:

AerCap
DAE Capital
BOC Aviation
Aviation Capital Group
SMBC Aviation Capital
Avolon
ICBC Leasing
Air Lease Corporation
Nordic Aviation Capital
GECAS
BBAM

In Chapter 4 and Chapter 14.2, on the basis of types, the Aircraft Leasing market from 2018 to 2029 is primarily split into:

Dry Leasing
Wet Leasing

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aircraft Leasing market from 2018 to 2029 covers:

Wide Body
Narrow Body

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)