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Commercial Aircraft Leasing Market

Commercial Aircraft Leasing Market Size, Share, Competitive Landscape and Trend Analysis Report by Leasing Type, by Aircraft Type and by Security Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Lalit Janardhan Katare
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Global Aircraft Leasing Market Outlook 2030 –

The practice of leasing aircraft to aircraft operators to increase capacity and operate the aircraft without incurring the financial burden of purchasing the aircraft is known as commercial aircraft leasing. This is classified into two types—short-term leasing (also known as wet leasing) and long-term leasing (also known as dry leasing). Short-term or long-term leasing, or a combination of the two, is used in the aerospace industry. Commercial aircraft leasing is a cost-effective alternative over purchasing aircraft that can benefit businesses. The primary reason for leasing commercial aircraft is the lower cost. The global commercial aircraft leasing market is expected to grow steadily during the forecast period, owing to an increase in the number of low-cost aircraft carriers, surge in implementation of stringent commercial aviation regulations, and rise in the volume of freight transported from one region to another.

COVID-19 Impact Analysis

The COVID-19 has started to spread rapidly across various nations within a short period of time. The pandemic has significantly affected this market. The lockdown situation has occurred due to the rising cases of COVID-19 which temporarily halted various operations in the aviation sector such as air travel, manufacturing, raw material supply, and aircraft deliveries. These factors have significantly impacted the aircraft leasing market. The spread of the virus has had the major impact on the revenue of the airlines and aircraft leasing companies. It is reasonable to anticipate significant casualties among airline companies and lessors. Airlines that have leased a significant portion of their fleet have suffered significant losses as a result of the large capital outflow caused by the grounding of these aircraft.

Top Impacting Factors

  • Rise in low-cost aircraft, increase in air passenger traffic, and surge in volume of air freight are the major factors that drive the growth of the commercial aircraft leasing market.
  • Reduced rates of leasing commercial aircrafts, and volatility of fuel price limit the growth of the commercial aircraft leasing market.
  • Advancement in aircraft & airport infrastructure, and rise in urban air mobility (UAM) solutions are the factors that offer opportunity for the growth of the commercial aircraft leasing market.

Rising Air Passenger Traffic

The growing desire among passengers for air travel, which saves time and is also a convenient mode of transportation, has resulted in a significant increase in global passenger traffic. According to the International Civil Aviation Organization (ICAO), the number of passengers carried on scheduled services increased by 6.4%. As a result of this aspect, ensuring passenger safety has become more difficult. As stricter air safety standards become public, there is a growing emphasis on improving passenger safety and protection so that the number of fatalities associated with air travel is reduced. The dramatic increase in the number of air passengers worldwide combined with the surge in volume of freight, as well as the continuous advancements in aircraft and airport infrastructure, particularly in developing countries can be a few major growth drivers in the industry. Moreover, since aircraft leasing provides balance sheet and tax benefits, its demand is expected to increase in the years ahead. According to the International Flying Transport Association (IATA), the total number of air passengers is predicted to quadruple by the end of the year. The improved economic conditions in emerging markets have resulted in increased demand for air travel. The increased demand for air travel has resulted in a rise in aircraft flying hours. For instance, United Airlines passenger Counts will appear in multiple attribute fields and are additive, allowing the user to derive categorical passenger Counts as desired. The aircraft leasing market in North America accounted for around 45 percent of total revenue. The expansion of the commercial airline industry in the U.S. will be aided by rising air travel demand. To cover the production backlog, global airplane deliveries increased from 1,714 in 2016 to 1,740 in 2017. This continuous production will fuel the aircraft maintenance market during the forecast period.

Rise in Urban Air Mobility (UAM) solutions

Urban Air Mobility (UAM) solutions aim to improve the transportation efficiency in urban as well as inter-urban areas while reducing the environmental impact. Unmanned Aerial Mobility (UAM) will offer appealing mobility on demand alternatives at urban, suburban, and inter-urban levels as well as the costs and the value of time saved by airborne solutions. The aim is to shift a part of the medium and long-distance single- passenger car trips as well as short and medium- distance cargo transports to small aircraft. Innovative solutions for unmanned aerial mobility will address vehicle and system integration concepts about to the development and implementation of safe, efficient, integrated, and sustainable air mobility systems over large metropolitan areas. Unmanned aerial mobility has a wide range of challenges. A whole set of new technological and regulatory standards have to be developed to provide a solid basis for innovative and sustainable aerial solutions. The competitive concepts in this theme cover manned and unmanned system approaches in the areas of mobility services for people, emergency services, and freight. Challenges will be faced in the categories Autonomy, Safety, Societal Acceptance, Integration, Regulations, Simulation, and Testing, respectively. For instance, the Future Sky Urban Air Mobility joint research initiative focuses on the unmanned aerial mobility Class Aircraft Technology Advancement. In this, the development of platform concepts for unmanned aerial mobility (UAM) in terms of feasibility studies and technological solutions will be the first step following the aim of safe, economic, and environmentally friendly systems.

Key Benefits of the Report

  • This study presents the analytical depiction of the commercial aircraft leasing market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges the commercial aircraft leasing market.
  • The current market is quantitatively analyzed to highlight market growth scenario of commercial aircraft leasing market.
  • The report provides a detailed commercial aircraft leasing market analysis based on competitive intensity and the competition that will take shape in coming years.

Questions Answered in the Commercial Aircraft Leasing Market research report:

  • Who are the leading players in the commercial aircraft leasing market?
  • What are the critical challenges faced by manufacturers in the commercial aircraft leasing market?
  • What are the market trends, driving factor and opportunities involved in this market?
  • What are the key segments covered in the commercial aircraft leasing market?
  • What are the future projections of commercial aircraft leasing market that would help in taking further strategic steps?

Commercial Aircraft Leasing Market Report Highlights

Aspects Details
By Leasing Type
  • Dry Leasing
  • Wet Leasing
By Aircraft Type
  • Narrow-Body Aircrafts
  • Wide-Body Aircrafts
  • Others
By Security Type
  • Asset-Backed Security (ABS)
  • Non-Asset Backed Security (Non-ABS)
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players

SAAB Aircraft Leasing, GE Capital Aviation Service, SMBC Aviation Capital, CIT Commercial Air, AerCap Holdings N.V., Boeing Capital Corporation, AerCap, Ansett Worldwide Aviation Services, ALAFCO Aviation Lease and Finance Company K.S.C.P, BOC Aviation

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Commercial Aircraft Leasing Market

Global Opportunity Analysis and Industry Forecast, 2023-2032