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    Commercial Aircraft Leasing Market

    ID: MRFR/AM/22917-HCR
    128 Pages
    Aarti Dhapte
    October 2025

    Commercial Aircraft Leasing Market Research Report By Aircraft Type (Narrow-body Aircraft, Wide-body Aircraft, Regional Aircraft, Cargo Aircraft), By Lease Term (Short-Term Lease (less than 5 years), Medium-Term Lease (5-10 years), Long-Term Lease (more than 10 years)), By Lessee Type (Airlines, Cargo Carriers, Aircraft Leasing Companies, Private Charter Operators), By Lease Financing Structure (Operating Lease, Capital Lease, Hybrid Lease, Sale and Leaseback) and By Regional (North America, Europe, South America, Asia Pacific, Middle East a...

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    Commercial Aircraft Leasing Market Infographic
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    Commercial Aircraft Leasing Market Summary

    The Global Commercial Aircraft Leasing Market is projected to grow from 90.02 USD Billion in 2024 to 170.74 USD Billion by 2035.

    Key Market Trends & Highlights

    Commercial Aircraft Leasing Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 5.99 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 170.7 USD Billion, indicating robust growth potential.
    • in 2024, the market is valued at 90.02 USD Billion, reflecting a strong foundation for future expansion.
    • Growing adoption of sustainable aviation practices due to increasing environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 90.02 (USD Billion)
    2035 Market Size 170.74 (USD Billion)
    CAGR (2025-2035) 5.99%

    Major Players

    AerCap Holdings N.V., Air Lease Corporation, China Aviation Supplies Holding Company, BOC Aviation, GECAS, Avolon Holdings Limited, Dubai Aerospace Enterprise, Carlyle Aviation Partners

    Commercial Aircraft Leasing Market Trends

    The Commercial Aircraft Leasing Market is in the process of evolution thanks to certain forces at play in the market. With increased demand for air travel, leasing is becoming more favorable for airlines as regards fleet management, conservation of capital outlay and discretion to market. Low cost carriers and the development of new aviation markets in the emerging regions are also increasing the number of aircraft on lease. To take advantage of these opportunities for growth, aircraft lessors are adopting new strategies including sale lease back arrangements, power by the hour deals and bespoke directed leasing at particular airlines.

    At the same time deployment of modernization like digitalization and data analysis is in a way redirecting the paradigm of the industry since the stigma of waiting for decisions to be made in a room is fast fading. In fact recent developments in the markets show that there is a growing appetite for long term leasing contracts with increased number of airlines indicating a desire for fleet stability and predictability. Regulation and self-drive from the industry in efforts to be environmentally friendly are making that type of leasing popular.

    The lease of aircraft has gone a notch higher with the assistance of digital platforms and marketplaces where communication has improved, transparency has increased and lessors and prospective lessees are linked with ease.

    The Global Commercial Aircraft Leasing Market appears to be evolving rapidly, driven by increasing demand for air travel and a shift towards more flexible financing options.

    Federal Aviation Administration (FAA)

    Commercial Aircraft Leasing Market Drivers

    Cost-Effectiveness of Leasing

    The Global Commercial Aircraft Leasing Market Industry benefits from the cost-effectiveness associated with leasing aircraft rather than purchasing them outright. Airlines often face substantial financial burdens when acquiring new aircraft, including maintenance and depreciation costs. Leasing provides a flexible alternative, allowing airlines to manage their cash flow more effectively. This financial strategy is particularly appealing in a competitive market where operational efficiency is paramount. As airlines increasingly recognize the advantages of leasing, the market is likely to expand, reflecting a shift in how airlines approach fleet management and capital allocation.

    Growing Demand for Air Travel

    The Global Commercial Aircraft Leasing Market Industry is experiencing a notable surge in demand for air travel, driven by increasing disposable incomes and a growing middle class in emerging economies. As more individuals and businesses seek air travel options, airlines are compelled to expand their fleets. This trend is projected to elevate the market size to approximately 90.0 USD Billion in 2024, with expectations of reaching 170.7 USD Billion by 2035. The compound annual growth rate (CAGR) of 5.99% from 2025 to 2035 indicates a robust growth trajectory, suggesting that the leasing of commercial aircraft will play a pivotal role in meeting this rising demand.

    Market Trends and Projections

    Regulatory Support and Incentives

    Regulatory support and incentives play a crucial role in shaping the Global Commercial Aircraft Leasing Market Industry. Governments worldwide are increasingly recognizing the importance of aviation in economic development and are implementing policies that encourage fleet modernization and expansion. Incentives such as tax breaks for leasing companies and streamlined regulatory processes for aircraft certification can stimulate market growth. These supportive measures may lead to increased leasing activity as airlines take advantage of favorable conditions to expand their operations. Consequently, the regulatory landscape is likely to remain a key driver of growth in the commercial aircraft leasing sector.

    Technological Advancements in Aircraft

    Technological advancements in aircraft design and manufacturing are significantly influencing the Global Commercial Aircraft Leasing Market Industry. Modern aircraft are equipped with advanced fuel-efficient engines and enhanced aerodynamics, leading to reduced operational costs and lower environmental impact. Leasing companies are keen to provide the latest models to airlines, ensuring they remain competitive. As airlines seek to modernize their fleets, the demand for leased aircraft featuring cutting-edge technology is expected to rise. This trend not only enhances operational efficiency but also aligns with global sustainability goals, potentially driving further growth in the leasing sector.

    Emerging Markets and Regional Expansion

    Emerging markets are becoming increasingly significant in the Global Commercial Aircraft Leasing Market Industry. Countries in Asia, Africa, and Latin America are witnessing rapid economic growth, leading to a surge in air travel demand. As airlines in these regions expand their operations, they often turn to leasing as a means to acquire new aircraft without the substantial upfront costs associated with purchasing. This trend is expected to contribute to the overall market growth, as leasing companies capitalize on opportunities in these developing regions. The expansion into emerging markets is likely to reshape the competitive landscape of the commercial aircraft leasing industry.

    Market Segment Insights

    Commercial Aircraft Leasing Market Aircraft Type Insights

    The Global Commercial Aircraft Leasing Market is segmented by aircraft type, which includes narrow-body aircraft, wide-body aircraft, regional aircraft, and cargo aircraft. Each of the segments has unique market dynamics and growth potentials. Due to the smaller size and reduced operating costs of the narrow-body aircraft, they are the most dominant in the commercial aircraft leasing market. In 2023, within the narrow-body aircraft segment, there was a contribution of about 60% of the revenue value generated in global commercial aircraft leasing markets.The primary players in this market are Boeing, Airbus, And Embraer.

    The significant growth drivers for narrow-body aircraft include the rise in low-cost carriers and the expansion in regional connectivity. The wide-body aircraft are used in long-haul operations and, hence, are mostly leased for long international routes. The wide-body aircraft contribute approximately 30% of the Global Commercial Aircraft Leasing Market revenue. Boeing and Airbus are the major manufacturers of wide-body aircraft. The increase in international travel led by the executives and the middle class, coupled with their need to travel comfortably and receive a premium travel experience, is a major driver of the wide-body leasing market.

    The regional aircraft are small in size and designed for regional and short-haul operations. Due to the low applicability of regional aircraft in some of the global markets, their contribution to the Global Commercial Aircraft Leasing Market was approximately 7% in 2023. The major regional aircraft manufacturers include ATR, Bombardier, Embraer, And De Havilland Canada. The rise in demand for inter-regional connectivity and increased access to airports accounts for key drivers of the growth of the regional aircraft leasing market.

    Finally, cargo aircraft are designed for freight and cargo operations, thus being critical in the global transport and logistics sectors.The cargo aircraft segment accounts for about 3% of the world’s Global Commercial Aircraft Leasing Market.

    The major players in this market are Boeing and Airbus. The rise in e-commerce and the subsequent rise in the air cargo transportation market are key drivers of the future growth of cargo aircraft. In conclusion, the Global Commercial Aircraft Leasing Market is expected to grow in the near future due to the rise in air passenger travel, the increase in global trade, and the development of technology. As such, more technologies and market players should understand the market segmentation and the dynamics of each type of aircraft and make strategic moves in a timely fashion.

    Commercial Aircraft Leasing Market Lease Term Insights

    The Global Commercial Aircraft Leasing Market segmentation by Lease Term offers valuable insights into the industry's dynamics. Short-Term Lease (less than 5 years) accounted for the largest revenue share in 2023, and it is projected to maintain its dominance throughout the forecast period. This segment is driven by the increasing demand for aircraft leasing from low-cost carriers and regional airlines, which typically require planes for a shorter duration.

    Medium-Term Lease (5-10 years) present a significant growth opportunity as airlines seek flexibility and cost-effectiveness in their operations.Long-Term Lease (more than 10 years) is expected to witness steady growth, primarily driven by large carriers looking for long-term stability and financing solutions. Overall, the market for commercial aircraft leasing is anticipated to grow steadily in the coming years, fueled by increasing air travel demand and the need for efficient aircraft financing solutions.

    Commercial Aircraft Leasing Market Lessee Type Insights

    The Lessee Type segment of the Global Commercial Aircraft Leasing Market is divided into Airlines, Cargo Carriers, Aircraft Leasing Companies, and Private Charter Operators. Airlines account for the largest share of the market, driven by the need for aircraft to meet increasing passenger demand and expand their operations. Cargo Carriers are also a significant segment, as air cargo transportation continues to grow due to e-commerce and globalization. Aircraft Leasing Companies play a crucial role in financing aircraft purchases, enabling airlines and other lessees to acquire and operate aircraft without large upfront capital investments.

    Private Charter Operators represent a niche segment but contribute to market growth due to the increasing demand for private air travel among high-net-worth individuals and businesses. The Global Commercial Aircraft Leasing Market revenue is expected to reach $84.43 billion in 2024, with a CAGR of 6.05% from 2024 to 2032.

    Commercial Aircraft Leasing Market Lease Financing Structure Insights

    The Global Commercial Aircraft Leasing Market segmentation by Lease Financing Structure includes Operating Lease, Capital Lease, Hybrid Lease, and Sale and Leaseback. Operating Lease accounted for the largest revenue share in 2023, and it is expected to continue its dominance throughout the forecast period. Operating Leases offer flexibility, lower initial costs, and the ability to upgrade aircraft more easily, making them attractive to airlines. Capital Leases, on the other hand, transfer ownership of the aircraft to the lessee at the end of the lease term, resulting in higher upfront costs but potential tax benefits.

    Hybrid Leases combine elements of both Operating and Capital Leases, providing customized solutions tailored to specific airline requirements. Sale and Leaseback transactions involve airlines selling their owned aircraft to lessors and leasing them back, allowing them to raise capital while maintaining access to the aircraft. The Global Commercial Aircraft Leasing Market revenue for Operating Lease is projected to reach USD 65.23 Billion by 2032, growing at a CAGR of 5.34%.

    Get more detailed insights about Commercial Aircraft Leasing Market Research Report — Global Forecast till 2034

    Regional Insights

    The regional segmentation of the Global Commercial Aircraft Leasing Market offers valuable insights into market dynamics and growth opportunities across different geographical regions. North America holds a dominant position in the market, driven by a strong aviation industry and a growing demand for commercial aircraft leasing services. Europe follows closely, with a significant number of leasing companies and a mature aviation market. APAC region exhibits promising growth potential, fueled by rapid economic expansion and increasing air travel demand.South America and MEA regions are expected to witness steady growth in the coming years, driven by infrastructure development and growing tourism industries.

    This growth can be attributed to the increasing demand for air travel, the need for fleet modernization, and the flexibility and cost-effectiveness offered by aircraft leasing.

    Commercial Aircraft Leasing Market Regional Insights

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    Leading players in the Commercial Aircraft Leasing Market industry are primarily focused on extending their global footprint worldwide through strategic partnerships and joint ventures. In addition, such players are making considerable investments in R to enhance their product services and offerings. The Commercial Aircraft Leasing Market is expected to witness significant revenue growth over the foreseeable period on account of high air travel demand and the need for flexible financing.

    The Commercial Aircraft Leasing Market is characterized by the presence of major players and very few small-scale players. Some of the key players in the market include AerCap Holdings N.V., Air Lease Corporation, and China Aviation Supplies Holding Company. These players are focused on providing airlines with a wide range of aircraft and financing options. Air Lease Corporation is a reliable aircraft leasing company with global operations. The company owns a fleet of over three hundred aircraft, including Airbus, Boeing, and Embraer models. Air Lease Corporation provides various lease terms and financing solutions to its customers.

    The company has a strong customer support group and ensures the provision of the highest quality of support and services to its customers.

    Air Lease Corporation is anticipated to grow over the upcoming years.BOC Aviation is a leading aircraft leasing company with a global presencia. The company owns a fleet of over 600 aircraft, including such models as Airbus, Boeing, and Embraer. BOC Aviation provides a variety of lease terms and financing options for its customers. The company has a strong customer support group and ensures the provision of the highest quality of support and services to its customers. BOC Aviation is anticipated to grow over the upcoming years.

    Key Companies in the Commercial Aircraft Leasing Market market include

    Industry Developments

    The commercial aircraft leasing market is projected to experience steady growth over the next decade, driven by factors such as increasing air travel demand, fleet modernization, and the expansion of low-cost carriers.

    In 2024, the market was valued at approximately USD 90.02 billion, and it is expected to reach USD 161.09 billion by 2034, exhibiting a CAGR of 5.99%. Recent developments in the market include the growing popularity of sale-and-leaseback transactions, the emergence of new leasing companies, and the increasing adoption of digital technologies to streamline operations. Key players in the market include AerCap Holdings N.V., Air Lease Corporation, and BOC Aviation.

    Future Outlook

    Commercial Aircraft Leasing Market Future Outlook

    The Global Commercial Aircraft Leasing Market is projected to grow at a 5.99% CAGR from 2025 to 2035, driven by increasing air travel demand, fleet modernization, and sustainable aviation initiatives.

    New opportunities lie in:

    • Invest in eco-friendly aircraft technologies to attract environmentally conscious airlines.
    • Develop flexible leasing models to accommodate varying airline operational needs.
    • Leverage digital platforms for enhanced asset management and customer engagement.

    By 2035, the market is expected to exhibit robust growth, reflecting evolving industry dynamics and increased leasing activity.

    Market Segmentation

    Commercial Aircraft Leasing Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Commercial Aircraft Leasing Market Lease Term Outlook

    • Short-Term Lease (less than 5 years)
    • Medium-Term Lease (5-10 years)
    • Long-Term Lease (more than 10 years)

    Commercial Aircraft Leasing Market Lessee Type Outlook

    • Airlines
    • Cargo Carriers
    • Aircraft Leasing Companies
    • Private Charter Operators

    Commercial Aircraft Leasing Market Aircraft Type Outlook

    • Narrow-body Aircraft
    • Wide-body Aircraft
    • Regional Aircraft
    • Cargo Aircraft

    Commercial Aircraft Leasing Lease Financing Structure Outlook

    • Operating Lease
    • Capital Lease
    • Hybrid Lease
    • Sale and Leaseback

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024   90.02 (USD Billion)
    Market Size 2025   95.41 (USD Billion)
    Market Size 2035 170.74 (USD Billion)
    Compound Annual Growth Rate (CAGR) 5.99% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2023
    Market Forecast Units USD Billion
    Key Companies Profiled Jetra, Avolon Holdings Limited, BOC Aviation Limited, China Aircraft Leasing Group Holdings Limited, AerCap Holdings N.V., GECAS, Goshawk Aviation, Castlelake Aviation, Elix Aviation, Dubai Aerospace Enterprise, Carlyle Aviation Partners, Chorus Aviation, Air Lease Corporation, SMBC Aviation Capital, CDB Aviation Lease Finance
    Segments Covered Aircraft Type, Lease Term, Lessee Type, Lease Financing Structure, Regional
    Key Market Opportunities Rising demand for air travel A growing fleet of commercial aircraft Increasing focus on cost optimization Expansion of low-cost carriers Advancements in aircraft technology
    Key Market Dynamics 1 Rising passenger traffic2 Increasing aircraft utilization rates3 Growing demand for fuel-efficient aircraft4 Emergence of new market entrants5 Evolving regulatory landscape
    Countries Covered North America, Europe, APAC, South America, MEA

    FAQs

    What is the expected market size of the Global Commercial Aircraft Leasing Market in 2024?

    The Commercial Aircraft Leasing Market is anticipated to reach a valuation of 90.02 billion USD in 2024.

    What is the projected CAGR of the Global Commercial Aircraft Leasing Market from 2025 to 2034?

    The Commercial Aircraft Leasing Market is expected to exhibit a CAGR of 5.99% during the forecast period 2025-2034.

    Which region is expected to hold the largest market share in the Global Commercial Aircraft Leasing Market?Which region is expected to hold the largest market share in the Global Commercial Aircraft Leasing Market?

    North America is anticipated to dominate the Commercial Aircraft Leasing Market, accounting for a significant market share.

    What are the key factors driving the growth of the Global Commercial Aircraft Leasing Market?

    Factors such as the increasing demand for air travel, the expansion of low-cost carriers, and the growing need for fleet modernization are driving the growth of the Commercial Aircraft Leasing Market.

    Who are the major players in the Global Commercial Aircraft Leasing Market?

    Key players in the Commercial Aircraft Leasing Market include AerCap, Air Lease Corporation, and BOC Aviation.

    What are the different types of aircraft leased in the Commercial Aircraft Leasing Market?

    Commercial aircraft leased include narrow-body aircraft, wide-body aircraft, and regional jets.

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