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According to the latest research, the global Aircraft Leasing market size was valued at USD 48975.05 million in 2022 and is expected to expand at a CAGR of 4.67% during the forecast period, reaching USD 64406.47 million by 2028.
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.
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.
This report elaborates on the market size, market characteristics, and market growth of the Aircraft Leasing industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Aircraft Leasing. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Aircraft Leasing Market Report Include:
Market Size Estimates: Aircraft Leasing market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Aircraft Leasing market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Aircraft Leasing market
Segment Market Analysis: Aircraft Leasing market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Aircraft Leasing market situations and prospects in major and top regions and countries
Aircraft Leasing Market
Aircraft Leasing Industry Chain: Aircraft Leasing market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Aircraft Leasing Industry News, Policies by regions
Aircraft Leasing Industry Porters Five Forces Analysis
Key players in the global Aircraft Leasing market are covered in Chapter 2:
GECAS
AerCap
BBAM
Nordic Aviation Capital
Aviation Capital Group
SMBC Aviation Capital
DAE Capital
Air Lease Corporation
BOC Aviation
Avolon
ICBC Leasing
In Chapter 6 and Chapter 9, on the basis of types, the Aircraft Leasing market from 2018 to 2028 is primarily split into:
Dry Leasing
Wet Leasing
In Chapter 7 and Chapter 10, on the basis of applications, the Aircraft Leasing market from 2018 to 2028 covers:
Wide Body
Narrow Body
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Aircraft Leasing market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Aircraft Leasing industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Aircraft Leasing market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Aircraft Leasing industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Aircraft Leasing market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Aircraft Leasing market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Aircraft Leasing market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
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.
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.
This report elaborates on the market size, market characteristics, and market growth of the Aircraft Leasing industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Aircraft Leasing. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Aircraft Leasing Market Report Include:
Market Size Estimates: Aircraft Leasing market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Aircraft Leasing market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Aircraft Leasing market
Segment Market Analysis: Aircraft Leasing market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Aircraft Leasing market situations and prospects in major and top regions and countries
Aircraft Leasing Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Aircraft Leasing Industry Chain: Aircraft Leasing market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Aircraft Leasing Industry News, Policies by regions
Aircraft Leasing Industry Porters Five Forces Analysis
Key players in the global Aircraft Leasing market are covered in Chapter 2:
GECAS
AerCap
BBAM
Nordic Aviation Capital
Aviation Capital Group
SMBC Aviation Capital
DAE Capital
Air Lease Corporation
BOC Aviation
Avolon
ICBC Leasing
In Chapter 6 and Chapter 9, on the basis of types, the Aircraft Leasing market from 2018 to 2028 is primarily split into:
Dry Leasing
Wet Leasing
In Chapter 7 and Chapter 10, on the basis of applications, the Aircraft Leasing market from 2018 to 2028 covers:
Wide Body
Narrow Body
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Aircraft Leasing market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Aircraft Leasing industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Aircraft Leasing market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Aircraft Leasing industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Aircraft Leasing market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Aircraft Leasing market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Aircraft Leasing market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
