The Global Commercial Leased Aircraft Asset Portfolio Value is Projected to Reach US$502 Billion by 2024
Growth of Low Cost Airline Carriers & Increasing Air Travel Drive the Global Commercial Aircraft Leasing Market, According to New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Commercial Aircraft Leasing market. The global Commercial Leased Aircraft Asset Portfolio Value is projected to reach US$502 billion by 2024 , driven by increasing air travel, and the rise of Low Cost Carriers (LCCs) around the world especially in developing markets such in Asia. Purchasing an aircraft is an expensive affair and the long awaiting periods typically associated with their acquisition also makes buying aircraft an unattractive option for airline operators. Also, not all airline companies can afford to fund full expenses of aircraft purchases. Therefore, airline operators have been eagerly exploring the option of leasing aircraft instead of purchasing the sa...