According to a recent report from DecisionDatabases.com, the global aircraft leasing market will cross the $245 billion threshold in 2021. The report also estimates that aircraft leasing market is worth $179 billion for 2015. Expectations are for a 6% growth rate during the forecast period.
Aircraft Leasing has grown in popularity over the past decade due to the changing demands of the airline industry, including the need for greater cash flow and for a flexible and regularly updated fleet. Aircraft operators opt for aircraft leasing usually to escape the huge cost involved in purchasing an aircraft or to meet the short duration increased traffic.
Amount of aircraft deliveries which doubled in 2015 as compared to 2010 is expected to drive the leasing market in coming future. Looking ahead, the next six years are expected to bring robust, though slower, growth in airplane delivery financing requirements.
Narrow-body aircraft is largely the most preferred leased out aircraft as compared to widebody aircraft. Europe is the largest aircraft leasing market, Middle East countries and the Asia Pacific region are expected to be the prospective growth market during the forecast period. The recent Bohai’s (China) bid for aircraft leasing firm Avolon affirms the growing aircraft leasing market in this region.
Access the full report from DecisionDatabases.com here.
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