DUBLIN--(BUSINESS WIRE)--The "Global Commercial Aircraft Leasing Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
Global commercial aircraft leasing market projected to grow at a CAGR of 6.33% during the period 2018-2022.
According to the report, one of the major drivers for this market is strong market position of Irish and Chinese lessors. The commercial aircraft leasing market is majorly constituted by Irish lessors. More than 45% of leased aircraft in the market have been leased out by Irish lessors. Interestingly, the country was the origin of aircraft business and has evolved to dominate the market in the past several years.
Several favorable policies of the country have contributed to market growth. For instance, Ireland offers high capital allowance rates and low withholding rates to companies operating within its jurisdiction. This has encouraged international players to conduct core leasing operations from Ireland.
The latest trend gaining momentum in the market is conversion of aircraft into freighters. Conversion of aircraft into freighters has been gaining significant momentum in recent times. Several airlines that carry cargo are seeking freighters, in addition to delivery companies like Amazon.
For instance, as of November 2017, a Freighter-converted Boeing 767 was procured by Canada-based Cargojet. The airline had acquired a 767-300BDSF from Cargo Aircraft Management (CAM), the leasing arm of ATSG. On a similar note, Amerijet (an American cargo airline) has also committed to lease three Freighter-converted 767-300s from ATSG, by 2018. Earlier in February 2017, US-based Aeronautical Engineers (AEI) had signed a Letter of Intent (LoI) to provide at least eight CRJ200 freighter conversions for Canadian aviation group Avmax. The conversions were scheduled to begin in late 2017. The popularity of aircraft conversions, especially as freighters, is certainly a driver for the market growth. More such efforts by lessors to procure these aircraft are expected during the forecast period.
- SMBC Aviation Capital
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
5. Market Landscape
6. Market Sizing
7. Five Forces Analysis
8. Market Segmentation by Leasing Type
9. Customer Landscape
10. Regional Landscape
11. Decision Framework
12. Drivers and Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/jgnn22/global_commercial?w=4