Report Summary

The global aircraft leasing market size was estimated to be worth USD 290.07 billion in 2019 and is anticipated to grow at a CAGR of 6.8% from 2020 to 2026. The rising need for travelling is increasing the demand for air travel across countries around the globe. The demand for airplanes has been on rise. However, airline operators are turning towards aircraft leasing, instead of buying airplanes.

Companies lease airplanes for a substantial fee. The two major types of leasing are dry leasing and wet leasing. In dry leasing, the lessor offers airplanes without the crew members whereas in wet leasing the lessor offers the airline with trained crew, maintenance and insurance. Wet leasing charges the lessee an hourly fee and is more profitable for the lessor.



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Segment Analysis

The global aircraft leasing market is segmented on the basis of lease type, aircraft type and regional markets. Based on the type of lease, the aircraft leasing industry is segmented into dry lease, and wet lease. Wet leasing means the owner or the companies owing the aircrafts provide crew members (subject to deal settlement) also along with aircraft to the lessee.

Moreover, the lender offers services such as the scheduled maintenance and insurance work necessary to operate. Dry lease offers only the aircraft but without any crew member or a pilot. All aircrafts leased under the part 21 involves dry lease. The report segments the aircraft types into wide body, and narrow body.

Aircraft Leasing Market Report Scope

By Lease Type By Application By Region Dry Lease

Wet Lease Wide Body Aircraft

Narrow Body Aircraft North America (U.S., Canada)

Europe (Germany, UK, France, Italy, Russia)

Asia Pacific (China, India, Japan, South Korea, Australia)

Latin America (Mexico, Brazil)

Middle East & Africa (UAE, Saudi Arabia, South Africa)

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The major driving factors of the industry include growing aviation industry, and increasing investments in the sector. The increasing air traffic, and growth in volume of freight further increase the need for aircraft leasing. Other factors driving the growth of the industry include rising demand for fuel-efficient commercial aircraft, attractive tax policies, affordable lease rates, and the dominance of Irish and Chinese companies.

Construction of new airports, expansion of established companies into emerging economies, growing demand from developing countries, and infrastructure development would provide numerous growth opportunities for industry participants during the forecast period.

Regional Analysis

The market report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. Europe accounted for the largest share in the global market in 2019 owing to growing need for cost efficient operation of commercial aircrafts, technological advancements, rising demand for fuel-efficient commercial aircraft, and increasing air traffic. The presence of key leasing companies, infrastructure development, attractive tax policies, and affordable lease rate are further expected to support the industry growth during the forecast period.

Competitive Landscape

The vendors in the industry are launching new products to meet the growing customer needs. In addition, the leaders in the market are acquiring and collaborating with other top companies to enhance their offerings and expand their customer base. The industry is highly competitive with the presence of a large number of small and large vendors. The leading players in the aircraft leasing industry include Aviation Capital Group, Boeing Capital Corporation, Air Lease Corporation, International Lease Finance Corporation, BOC Aviation, SAAB Aircraft Leasing, AerCap, GE Capital Aviation Services, CIT Aerospace, Inc., and BBAM LLC among others.