About Aircraft Leasing
Aircraft Leasing refers to a contractual agreement calling for the lessee to pay the lessor for the use of aircraft. Aircraft lease aircraft from other airline or leasing companies in order to operate aircraft smoothly without financial burden and temporary increase in capacity by buying them for more number of years.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Aircraft Leasing market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Aircraft Leasing market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AerCap (Ireland), Air Lease Corporation (United States), BOC Aviation (Singapore), GECAS (United States), BBAM (United States), CIT Commercial Air (United States), Aviation Capital Group (United States) and Boeing Capital Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are SAAB Aircraft Leasing (Sweden) and International Lease Finance Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Aircraft Leasing market by Type (Wide Body Aircraft, Narrow Body Aircraft, Very Large Aircraft and Business Jets) and Region.
On the basis of geography, the market of Aircraft Leasing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Lease Type, the sub-segment i.e. Dry Leasing will boost the Aircraft Leasing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Airlines, the sub-segment i.e. Top-Tie will boost the Aircraft Leasing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Conversion Of Aircraft Into Freighters
Market Growth Drivers:
Advancement In Aircraft And Airport Infrastructure, Demand For Less Capital Intensive Than Cash Purchase and Increasing Number Of Air Travellers
Challenges:
Risk Of Obsolescence, Lack Of Qualified Personnel and Delay In Rental Payments
Restraints:
Less Rates Of Leasing Commercial Aircrafts, High Cost of Fleet Leasing and Stringent Government Rules And Regulation
Opportunities:
Rise In Awareness For Aircraft Leasing
Market Leaders and their expansionary development strategies
In January 2023, Aircraft Leasing & Management a wholly owned subsidiary of Fuyo Lease Group (Fuyo) announced the acquisition of two Airbus A320neo aircraft on lease to Mexican ULCC Volaris (“Volaris”). The aircraft bearing manufacturer serial numbers 10348 and 10454 were owned by third-party financial funds and serviced by US-based lessor Air Lease Corporation (“ALC”).
In August 2018, Avolon, an Irish firm, has opened up shop in Dublin, Ireland. Although it caters to a large client base spanning over 160 countries, it has decided to return to its roots in Ireland, which is home to various leasing companies.
Key Target Audience
Government Agencies, Government regulatory authorities, End User Industry, Customer and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.