Commercial aircraft leasing means that aircraft are leased to increase capacity and operate the aircraft without the financial burden of purchasing an aircraft. There are two types of commercial aircraft leasing: short-term leasing, also known as wet leasing and long-term leasing. Whether short-term leasing or long-term leasing or both are used by the aerospace industry. Commercial aircraft leasing is an alternative to the purchase of aircraft, which may provide companies with economic advantages. The main reason why commercial aircraft are leased is that they are less costly.
𝐓𝐨𝐩 𝐢𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐟𝐚𝐜𝐭𝐨𝐫𝐬: 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬
Many airlines have turned in recent years to aircraft leasing, raising the financial burden and increasing the number of aircraft. This has contributed to a major rise in the demand for aircraft managers. The key justification for leasing commercial aircraft is that it is less costly. Because of the growing number of low-cost airlines, easy rules in commercial aviation, rising air travelers, advancing airport infrastructure, and increasing the amount of cargo transported between regions, etc., the global commercial aircraft rental market is anticipated to sustain a steady growth rate over this forecast period. However, certain factors such as production delays for earlier ordered aircraft could create a negative impact on market growth.
The global aircraft leasing & rental market trends are as follows:
𝐍𝐞𝐰 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐭𝐨 𝐟𝐥𝐨𝐮𝐫𝐢𝐬𝐡 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭
In the first quarter of 2020, AerCap Holdings N.V announced its main company transactions. It signed lease agreements for 28 aircraft, including 10 wide-body aircraft and 18 narrow-body aircraft, and purchased 7 aircraft, including 5 Airbus A320neo Family aircraft, 1 Boeing 787-9, and 1 Embraer E2. It carried out sale transactions for 18 aircraft, including 5 Airbus A320 Family aircraft, 6 Boeing 737NGs and 1 Boeing 747 from AerCap's portfolio and 1 Airbus A320 Family aircraft, 2 Airbus A330s, 2 Boeing B777-200ERs and 1 Boeing B777-300ER from AerCap's managed portfolio for about $350 million.
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐝𝐢𝐦𝐢𝐧𝐢𝐬𝐡𝐢𝐧𝐠 𝐚𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐥𝐞𝐚𝐬𝐢𝐧𝐠 𝐫𝐚𝐭𝐞𝐬
There are foreign and regional players present in the commercial aircraft leasing market. With the transformation from aircraft into freighters, the players are increasingly focused on expanding their presence worldwide by offering jet leasing, and thus this is a competitive market. The increase in the number of low-cost aircraft companies coupled with an increasing regional commercial leasing market are some of the main drivers of growth. The Asia-Pacific area is nevertheless likely to be in the forecast period the most rapidly rising regional segment. Some of the market trends that are likely to have an impact on global commercial aircraft leasing market growth and development are decreasing rates of commercial aircraft leasing that are expected to have a positive and negative impact on market growth. Furthermore, fuel price volatility is expected to increase leasing demand, and to increase interest and leasing rates, especially for aircraft with narrow bodies among others.
𝐂𝐎𝐕𝐈𝐃 – 𝟏𝟗 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
1. Companies are experiencing production disruption and declining demand in commercial aviation as staff go home, travelers stop flying and consumers delay the delivery of new aircraft. Aircraft manufacturers are by definition capital-intensive, creating short-term cash flow and liquidity issues.
2. While the lockdown was undertaken with the best interests in mind, it has had a disastrous impact on the economic development of the country and a recession could well be inevitable in the coming few quarters.
3. It has had a massive cascading effect on India's hospitality industry, with the cancelation of flights & trains across the country, hotel bookings facing monumental cancellations, and having a ripple effect on travel agents, taxi operators, handicraft showrooms, etc.
4. Also, increasing government initiatives are supposed to give impetus to the modernization of aircraft, to replace the existing fleet to reduce the pollution levels and will give a boost to aircraft leasing & rental market growth.
𝐊𝐞𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:
1. This study presents the analytical depiction of the global Aircraft leasing & Rental industry along with the current trends and future estimations to determine the imminent investment pockets.
2. The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global aircraft leasing & rental market share.
3. The current market is quantitatively analyzed to highlight the global market growth scenario.
4. Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
5. The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in the coming years.
𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐚𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐥𝐞𝐚𝐬𝐢𝐧𝐠 & 𝐫𝐞𝐧𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭:
1. Which are the leading market players active in the Aircraft leasing & Rental market?
2. What are the current trends that will influence the market in the next few years?
3. What are the driving factors, restraints, and opportunities in the market?
4. What are the projections for the future that would help in taking further strategic steps?
Aircraft Leasing & Rental Market Report Highlights
| Aspects | Details |
|---|---|
| By Service |
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| By Aircraft type |
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| By Security type |
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| By Region |
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| Key Market Players | AerCap, Air Lease Corporation, BOC Aviation, GECAS, BBAM LLC, CIT Commercial Air, Aviation Capital Group, Boeing Capital Corporation, SAAB Aircraft Leasing, International Lease Finance Corporation. |
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