The global Aviation Leasing Market Size was estimated at USD 244.69 billion in 2024 and is projected to reach USD 408.24 billion by 2034, growing at a steady CAGR of 5.25% during the forecast period from 2025 to 2034.

Driven by surging global passenger traffic, fleet modernization, and airlines’ increasing preference for asset-light business models, aviation leasing is becoming an integral part of the commercial aviation ecosystem. Market growth is further fueled by the rising demand for fuel-efficient aircraft, expansion of low-cost carriers, and favorable leasing regulations.

Key Market Drivers

• Growing Global Air Passenger Traffic

Post-pandemic recovery and increasing disposable incomes are driving robust air travel demand across emerging and developed economies.

• Airline Preference for Asset-Light Models

To reduce capital expenditure and maintain financial flexibility, airlines are increasingly opting for operating leases rather than outright aircraft purchases.

• Fleet Modernization and Efficiency

Airlines are leasing newer, fuel-efficient aircraft to meet stringent emission standards and reduce operating costs.

• Expansion of Low-Cost Carriers (LCCs)

Rising demand for affordable air travel is boosting the growth of LCCs, which heavily rely on leased aircraft for flexible capacity management.

• Attractive Tax and Regulatory Structures

Supportive leasing frameworks in key hubs like Ireland, Singapore, and Hong Kong continue to strengthen market opportunities.

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Market Segmentation Highlights

1. By Lease Type:

• Dry Leasing (Dominant – 72.6% share in 2024)

Most common lease type where the lessor provides only the aircraft without crew, maintenance, or insurance.

• Wet Leasing

The lessor provides aircraft along with crew, maintenance, and insurance – mainly used for seasonal capacity or short-term demands.

2. By Aircraft Type:

• Narrow-Body Aircraft

Leading segment due to high demand from low-cost and regional airlines for short and medium-haul routes.

• Wide-Body Aircraft

Used for long-haul international operations by major airlines.

• Regional Jets

Gaining traction for point-to-point connectivity and short-haul routes.

3. By Lessor Type:

• Operating Lessors

Hold the majority share by offering flexible lease structures and fleet management services.

• Financial Lessors

Banks and financial institutions providing aircraft as part of asset-backed financing deals.

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Regional Analysis

North America – Market Leader (38.3% share in 2024)

• Strong presence of major airlines and well-developed aviation infrastructure.

• High demand for fleet replacement with fuel-efficient models.

Europe

• Leading aviation leasing hubs like Ireland dominate the region, driven by tax incentives and favorable legal frameworks.

Asia-Pacific

• Fastest-growing region with rapid expansion of LCCs, increasing air connectivity, and growing middle-class passenger base in China, India, and Southeast Asia.

South America & MEA

• Gradual adoption of leasing models supported by fleet expansion plans of regional airlines.

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Competitive Landscape

The Aviation Leasing Market is moderately consolidated, dominated by key global lessors and financial institutions offering customized lease solutions. Companies focus on fleet diversification, sustainable financing, and strategic partnerships to expand market share.

Key players include:

These players continue to strengthen their portfolios with new-generation aircraft and flexible lease structures to meet diverse airline needs.

Key Market Opportunities

• Rising Demand for Sustainable Aviation

Lessors investing in new fuel-efficient aircraft to align with airlines’ decarbonization goals.

• Growth in Emerging Markets

Untapped growth potential in Asia-Pacific, Africa, and Latin America with expanding air connectivity.

• Increased Adoption of Sale and Leaseback Agreements

Airlines monetizing existing fleets to raise capital and improve liquidity.

• Digital Transformation

Adoption of digital platforms for lease management, fleet monitoring, and predictive maintenance.

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This release was published on openPR.

Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu has launched new flight routes from Hindon Airport in Ghaziabad, to be operated by IndiGo.

After Air India Express, IndiGo becomes the second airline to mark its presence in Hindon Airport. Four months ago, Air India Express started its operations here.

Hindon Airport in NCR will now be connected with nine Indian cities — Bengaluru, Kolkata, Varanasi, Goa, Patna, Chennai, Mumbai, Ahmedabad, and Indore through IndiGo services.

“This is an (Udan) success of, Hindon, Ghaziabad, western Uttar Pradesh, and entire country. This is an Udan of the ambitions and aspirations of common Indians,” the Union minister said from the Hindon Airport.

Airlines fleet, airports, terminal capacity, and flyers have doubled in India over the past decade, the minister said, reflecting the growth India’s civil aviation sector has made.

“During 2024-2034, civil aviation in tier II and III cities will grow and we will have to unlock the potential. Hindon will serve as an example,” the minister said.

With operations from both Indira Gandhi International Airport (DEL) and Hindon Airport (HDO), flyers based out of the National Capital Region will be served by these two airports.

The Hindon Airport’s development work was taken up in 2019 under UDAN at Rs 50 crore, in collaboration with Indian Air Force, Minister Naidu said in his address today.

Minister, during his speech, said the annual flyers from Hindon Airport was about 8,000 in 2019, which has risen to upwards of 80,000 now.

Union Budget 2025-26 has put an additional thrust on the ever-growing domestic civil aviation sector.

Inspired by the success of the previous regional connectivity scheme, a modified UDAN scheme will be launched to enhance regional connectivity to 120 new destinations and carry 4 crore passengers in the next 10 years.

The UDAN scheme, launched in April 2017, focuses on improving unserved air routes in underserved regions. India’s aviation industry has experienced significant growth in the past decade, and the number of operational airports in the country has since doubled.

The government aims to make India a global aviation hub by 2030.