The global aircraft leasing market size is expected to reach USD 295.18 billion by 2029 according to a new study by Polaris Market Research. The report “Aircraft Leasing Market Share, Size, Trends, & Industry Analysis Report, By Lease (Dry, Wet); By Aircraft (Narrow Body, Wide Body) By Region, Market Size & Forecast, 2022 – 2029” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Aircraft leases are used by airplane operators and airline firms to offset the cost of purchasing airplanes and to provide a temporary increase in capacity. Airplane leasing firms either buy planes directly from manufacturers such as Airbus or Boeing or participate in sale-leaseback arrangements with major airlines on existing fleets, for which lessors earn a monthly rent. Major driving factors of the industry are the growing number of air passengers, increasing development in airport infrastructure, technological advancement, rising income, and international travel.
International Airport Transport Association (IATA) is working closely with airlines, airport authorities, regulators, and design consultants to make sure that airport development strategies result in economical, flexible facilities that can serve airline operations and customer experience needs. IATA aims to ensure that major airport expansion projects create cost-effective facilities that balance capacity with demand while providing the functionality, levels of service, and operational efficiency needed to justify the investments.
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The industry operates in two major types of leases: wet lease and dry lease. The wet-lease segment is expected to account for the largest share. In wet-lease lessor provide airplane along with the complete crew, maintenance, and insurance to the lessee.
Key players in the industry are Air Lease Corporation, Aviation Capital Group, Avolon Aerospace Leasing Ltd, BBAM LLC, Boeing Capital Corporation, BOC Aviation, CIT Aerospace, Inc., Dubai Aerospace Enterprise (DAE) Ltd., BBAM LLC, Flying Leasing Limited, GE Capital Aviation Services, International Lease Finance Corporation, Nordic Aviation Capital, Goshwak Aviation Limited, AerCap, Sumitomo Mitsui Finance, and Leasing Co. Ltd.
Polaris Market Research has segmented the global aircraft leasing market report on the basis of lease, aircraft, and region:
Aircraft Leasing, Lease Outlook (Revenue USD Billions 2017 – 2029)
- Dry Lease
- Wet Lease
Aircraft Leasing, Aircraft Outlook (Revenue USD Billions 2017 – 2029)
Aircraft Leasing, Regional Outlook (Revenue USD Billions 2017 – 2029)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa