Aircraft Leasing To Worth USD 62,221.8 Million By 2023 Registering 4.75% CAGR

Pune, India,  May, 2018 /MRFR Press Release/- Market Research Future published a cooked                research “Global Aircraft Leasing Market Research Report - Forecast to 2023”  - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023    

Global Aircraft Leasing Market – Overview

Aircraft Leasing refers to the renting of aircraft on a contract basis, allowing airline companies and other aircraft operators to procure the aircraft on the lease without actually having to purchase them outright. This further helps in reducing the financial burden while increasing the number of aircraft. Aircraft Leasing also provides the convenience of choosing the lease period. For instance; wet leasing is for a shorter period, and, dry leasing is for longer leasing period.

Hence, Aircraft Leasing perceives a wide adoption from a number of airlines companies and financial investors. Over the last few years, airlines companies are increasingly switching to leasing an aircraft instead of outright buying them. Resultantly, there has been a significant increase in the leasing deals. These factors cumulatively, support the market growth, making the Aircraft Leasing market among one of the most recognized markets across the globe.

Acknowledging the kind of traction the market is witnessing currently, recently Market Research Future (MRFR) published a study report foretelling the growth prospects of the market up to 2023. In its study report, MRFR asserts that the global Aircraft leasing market will reach USD 62,221.8 Million by 2023, registering 4.75% CAGR during the forecast period (2017 – 2023). 

The market growth is predominantly fostered by the burgeoning airline, and the substantial investments transpired in the field. Other factors contributing to the market growth include rising air-travel rate, growing population, urbanization, and industrialization. Improving economic conditions worldwide, are providing impetus to the market growth, increasing consumer purchasing power and businesses across the world. Additionally, the rising demand for wet leasing is driving the market growth as several new airlines companies are emerging into space.

Previously the commercial banks were the primary source for aircraft financing but now given the growth prospects of the market; banks are increasingly entering the market, posing themselves as lessors. A new trend observed in the market is that airline companies typically purchase planes in bulk and sell them to banks and then leases them back. As aircraft are owned by a lessor, an airline can save on the depreciation cost, which increases profit, saving the taxes.

Conversely, rising prices of crude oil coupled with the unclear leasing regulations and taxation policies are expected to inhibit the market growth.

Access Report @ https://www.marketresearchfuture.com/reports/aircraft-leasing-market-4247

Aircraft Leasing Global Market – Competitive Analysis

The market appears to be fiercely competitive; several large & small players form a competitive landscape. These players are increasingly investing in R&D activities to being more advancement in the manufacturing process in addition to the strategic collaboration, partnership, expansion.

Industry/ Innovation/ Related News:

May 04, 2018 - Nordic Aviation Capital (NAC - Denmark), a leading regional aircraft leasing company announced its office expansion at Limerick’s Henry St.

May 17, 2018 – Nordic Aviation Capital (NAC - Denmark), a leading regional aircraft leasing company announced the acquisition of Aldus Aviation Fund (AAF) along with all of its aircraft assets. The acquisition brings NAC’s owned fleet to 413 aircraft.

May 23, 2018 – The ICRC, Nairobi (Kenya) (The Infrastructure Concession and Regulatory Commission) approved the outline business case for the ALCs (Aviation Leasing Companies) and the MRO (Maintenance, Repairs, and Overhaul) facility. All these facilities are critical to support the national carrier once established as these services are not available in the region. The facilities will also support the local and other regional airlines in the West African sub-region.

Global Aircraft Leasing Market – Segmentation

MRFR has segmented the report into three key dynamics for the convenience of the report.  

By Aircraft Types         : Comprises Wide body Aircraft, and Narrow body Aircraft.

By Lease Type     : Dry Leasing and Wet Leasing and others.

By Regions          : North America, Europe, APAC and Rest of the World.

Global Aircraft Leasing Market –

Regional Analysis

Europe region dominates the global aircraft leasing market with the largest share. Factors substantiating the market growth include resurging economy and the presence of some leasing companies in the region.  Ireland, among the other European countries, accounts for the major contributor to the regional market growth. Ireland is the hub for aircraft leasing, consuming almost 50% of the total market share. And, out of 15 global lessors 14 global lessor operates from Ireland. As a result, Europe has become the major revenue generator for the global market.

Asia-Pacific accounts for the second-largest market for aircraft leasing owing to the emergence of several start-up companies in India, China, Malaysia, and Indonesia among others.