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Industry Sector |
Aerospace |
Published |
18 October 2011 |
Author |
Mike King |
Type of News |
General |
The global commercial aircraft leasing market is currently worth over $230 billion, according to a new report available on companiesandmarkets.com. The commercial aircraft leasing market consists of a total of nearly 7,000 aircraft.
In contrast to the global economy, which remains sluggish, the global commercial aircraft leasing market continues to expand, and will experience strong growth during 2011 and into the future. As the aviation industry adapts to soaring demand for air travel, a wealth of opportunities for expansion of the commercial aircraft leasing market looks certain.
In emerging and mature markets, upgrades and expansion of airports to accommodate soaring demand for air travel will provide new sources of demand from airlines keen to expand their fleets. In Asia Pacific and the Middle East, ambitious construction plans for new international and domestic airports will provide a wealth of new opportunities for commercial aircraft lessors in these new vibrant commercial aviation hubs.
The primary growth drivers for the aircraft leasing industry include:
• Sustained increase in travel as a result of falling air travel fares, and supportive policy changes and deregulation (especially, Asia and Eastern Europe)
• Rapid increase of LCCs in Asia (primarily, India and China)
• General shift to leasing, with even traditional airlines working to balance their portfolios and reduce risk through leasing
• Growing demand for wide-body aircrafts in the Middle East
The Commercial Aircraft Leasing Market 2011-2021 Report Details:
http://www.companiesandmarkets.com/Market-Report/the-commercial-aircraft-leasing-market-2011-2021-612904.asp
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