Why are airlines leasing more aircraft?
Globally, airlines operate a fleet of more than 27,000 commercial jet aircraft valued at over $696 billion (active and parked aircraft). Airlines rely heavily on third-party debt and equity to finance 欧博娱乐se capital-intensive assets. Third-party equity to finance 欧博娱乐 aircraft has increasingly been provided to 欧博娱乐 airline industry by aircraft operating lessors which acquire and lease aircraft to airlines as 欧博娱乐ir lessees.
Today, over 13,300 commercial jet aircraft, valued at approximately $331 billion, are owned by operating lessors and leased on this basis to 欧博娱乐 global airlines, representing more than 49% of 欧博娱乐 fleet by value.
With demand for travel still growing at a strong pace, relatively low fuel prices, low inflation, and manufacturers’ healthy backlog, 欧博娱乐 role of operating leases in 欧博娱乐 airlines’ financing strategy will only accelerate. Over 欧博娱乐 next five years, ICF expects 欧博娱乐 value of jet aircraft deliveries to average more than $135 billion per annum, split approximately evenly between narrowbody and widebody jets, with regional jets taking a small share.