Aircraft Leasing Market Overview:

The global aircraft leasing market will touch USD 312.2 billion at an 8.20% CAGR by 2030, as per the recent Market Research Future report.

Drivers:

Budget Airlines and Low-Cost Carriers to Boost Market Growth 

The fleet expansion worldwide of low-cost carriers & budget airlines is one of the major drivers. These airline operators choose to lease each aircraft within their fleet & lease out/return the aircraft post a brief period of time to reduce the cost of maintenance and operation to a minimal. Due to an increase in domestic passenger air traffic, such airlines have been linking every rural and metropolitan location in the nations in which they are registered. For instance, given the current state of European aviation, low-cost carriers indeed are doing tremendously well. The low-cost sector in fact is growing swiftly as a result of continued fleet expansion even while flag carriers are faltering, cutting staff, and quitting routes.

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Key Players:

Eminent industry players profiled in the global aircraft leasing market report include AerCap (Ireland),Air Lease Corporation (US),BOC Aviation (Singapore),GECAS (US),BBAM LLC (Australia),CIT Commercial Air (US),Aviation Capital Group (US),Boeing Capital Corporation (US),SAAB Aircraft Leasing (Sweden), and International Lease Finance Corporation (US).

Opportunities:

Expanding Airport Infrastructure to offer Robust Opportunities 

Worldwide, and notably in emerging economies, airport infrastructure is being developed quickly, which is increasing flight volume and, as a result, demand for the aircraft leasing services.

Restraints and Challenges:

Lack of Proper Infrastructure to act as Market Restraint 

The lack of proper infrastructure especially in developing economies, stringent regulations, and fuel price volatility may act as market restraints over the forecast period.

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Market Segmentation:

The global aircraft leasing market is bifurcated based on leasing type, aircraft type, and security type.

By leasing type, wet leasing will lead the market over the forecast period as this kind offer a number of advantages, such as dependability, customizability, and low cost. Flying services may be offered into economies wherein the lessor is not permitted to operate using an aircraft that has been wet leased. In addition to this, the wet lease supports in getting over political or regulatory constraints.

By aircraft type, narrow body will domineer the market over the forecast period. A narrow-body aircraft increases fleet management flexibility for airlines and lowers operational expenses, all of which help ensure airline viability during the epidemic. Recent advances in technology have made it possible for narrow-body aircraft to fly even farther thanks to better operation and fuel efficiency, such as new engine substitutes and composite materials.

By security type, asset backed security will spearhead the market over the forecast period. Investors who acquire asset-backed securities have access to principle and interest payments on a variety of assets without having to generate them. Due to minimal underlying asset at each level of security, there is a very minimal likelihood of default and other credit concerns. As a result, the worldwide market has a far higher demand for the ABS type than non-ABS.

COVID-19 Analysis:

The aviation sector worldwide has been negatively impacted by the COVID-19 epidemic. The epidemic, containment procedures, and travel limitations affected how customers behaved, which significantly reduced need for airline services & hampered the expansion of the aircraft leasing industry. A spike in COVID-19 which interrupted air travel, the production, supply of raw materials, and the delivery of aeroplanes temporarily, was the cause of the lockdown.

Regional Analysis:

APAC to Spearhead Aircraft Leasing Market 

Due to the increasing need for cost-effective aircraft operation and the rapid advancement of technology, Asia Pacific is predicted to become the market for the aircraft leasing that advances the fastest in the next years. The industry has also benefited from the rising demand for fuel-efficient aircraft and the explosive growth in regional air traffic. The expansion of leasing vendors, infrastructural improvements, favorable tax laws, and affordability of lease rates might all contribute to the market’s growth pace in the years to come. The APAC market also benefits from the expanding air passenger traffic, quick rise in GDP per capita, and quick expansion of the tourist industry. Low-cost air carriers have been mushrooming in the area, which has supported the market for commercial aircraft leasing. China was successful in establishing a lucrative business for leasing aircraft, supported by ongoing backing from the government and banks that are controlled by the government.

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