The Commercial Aircraft Leasing industry has blossomed over the past two decades. Leasing airplanes was an uncommon practice until the 1990s. However, since then it has gained traction among carriers looking to limit large purchase costs and maintain flexibility in the number and composition of their fleet. Although purchases remain the primary way of procuring aircraft, leasing is becoming more popular, with one in three airplanes being leased; this share is expected to rise over the next five years, to one in two. Going forward, leasing will remain popular; however, a growing supply of leased airplanes, meant to match demand, will likely soften leasing rates and limit further profit growth.
This industry leases commercial aircraft to scheduled airlines and to other commercial carriers. The carrier (lessee) pays the industry operator (lessor) for use of the aircraft over a given time period, typically a few years. This industry does not lease noncommercial aircraft, such as military helicopters or recreational jets.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.