Aircraft Leasing Market – Market Overview

The global aircraft leasing market is a very dynamic and is expected to witness significant growth over the forecast period. The major factors supporting the growth of the global aircraft leasing market are dominance of Irish and Chinese companies, air passenger traffic growth, rising demand for wet leasing and others. However, the major trend in the global market is shifting of global lessors into the emerging regions such as Asia Pacific. On the other hand, the complicated and unclear leasing regulations and taxation policies and asset recovery risk associated with airline bankruptcy are major hindrances to the global market growth.

The aircraft leasing industry is one of the most recognized industries in Ireland over the past four decades. In the recent years, the leasing activities on aircraft have increased from 2% in 1980 to more than 50% in 2016. This has shown that there is complete dominance of Irish leasing company over the global market. Ireland has established itself as a global hub for aircraft leasing with more than 50% of the total market and 14 out of 15 global lessors operate from Ireland. After 9/11 attacks, the aircraft leasing activities have substantially increased from 25% in 2001 to 40% in 2014.

This is majorly due to the various leasing companies gaining momentum to establish themselves in the aircraft market, rather than depending on the commercial banks as a main source of aircraft financing. The other major reason for this growth is the number of aviation related courses conducted in Ireland, including MSc in Aviation Finance in UCD Smurfit School. These give people a good exposure to aviation finance. Additionally, the aviation sector has contributed more than USD 4.80 billion, which is also a major growing factor of Ireland aircraft leasing industry. China also has primary role in the growth of global aircraft leasing market. After Ireland, China is considered a major market for aircraft leasing. Over the last few years, the global lessor have shown more interest in China market and have commenced their operations in here.

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Key Players:

The leading market players in the global aircraft leasing market are AerCap Holdings N.V., Air Lease Corporation, BOC Aviation, GE Capital Aviation Services, BBAM Aircraft Leasing & Management, Aviation Capital Group, Boeing Capital Corporation, SMBC Aviation Capital, Avolon, and ICBC Leasing.

Aircraft Leasing Market – Competitive Analysis

The global aircraft leasing market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain the maximum market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront the market growth. In addition, in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and a strong client base have become the key areas to have the edge over the competitors.

The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide advanced and high-quality aircraft so as to survive and succeed in an intensely competitive market environment.

Aircraft Leasing Market – Regional Analysis

North American region is mainly divided into the US, Canada and Mexico. North America is one the leading regions, in terms of revenue in the global aircraft leasing market. The North America market is mainly supported by the presence of huge aviation market. After Ireland, the US is the next promising market across the globe. North America has contributed approximately 25% the share of the global aircraft leasing market. United States has emerged as the leading market, in terms of revenue, followed by Canada and Mexico.