A Commercial Aircraft Leasing Market 2017 research report featured on MarketSizeForecasters.com forecasts the global commercial aircraft leasing market will grow at a CAGR of 6.44% between 2017 and 2021.

The report lists the top active companies as AerCap, BBAM, CIT Commercial Air, GECAS, and SMBC Aviation Capital. Other prominent vendors in the market include Air Lease, Aviation Capital, Avolon, BOC Aviation and ICBC LEASING.

According to the report, one of the major drivers for this market is market dominance of Irish and Chinese lessors. Ireland has been one of the hotbeds for the global commercial aircraft leasing industry. Over 45% of the leased aircraft are owned and managed by the Irish companies. In addition, many major international companies have established their core leasing operations in Ireland.

The report also states that one of the major factors hindering the growth of this market is declining crude oil price. Decline in global aviation fuel price has enabled the global airline operators to revamp their operating income in the last few years.

Commenting on the report, an analyst team said: “The latest trend gaining momentum in the market is emphasis on value creation options for active asset management. The aviation asset class differs significantly from other asset classes such as real estate, shares or commodities. Due to the highly competitive investment environment, which often exhibits low and even negative interest rates, the aviation asset class has been attracting attention. The aviation asset class is relatively unexplored in regions such as continental Europe. Aircraft leasing is often identified as a business with stable returns and dealing with assets that are readily sellable and flexible in deployment. Thus, aircraft leasing is viewed as a potentially attractive investment option by traditional investors.”

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