Q2 2024 Market Outlook:Leasing Demand & Asset Strategy
What the market backdrop means for aircraft owners, lessors and operators.
Historical perspective · Information available as of 20 May 2024
- Passenger growth provides context for fleet planning.
- Availability varies by aircraft, engine and delivery window.
- Lease terms, maintenance status and records shape asset decisions.
The market backdrop
IATA reported 13.8% year-on-year growth in global passenger demand in March 2024.[1] Airbus delivered 142 commercial aircraft in the first quarter.[2] AerCap disclosed 82 lease agreements across aircraft, engines and helicopters.[3]
These figures provide market context. They do not establish the same leasing conditions for every asset type, age or technical condition.
What this means for asset owners
EDITORIAL IMPLICATIONSLeasing & acquisitions
Compare a lease extension, replacement aircraft and acquisition against the required delivery date, maintenance exposure and total ownership cost.
Technical readiness & component planning
Review engine maintenance status, landing gear and APU requirements, records continuity and return conditions before committing to a transition.
Remarketing & end-of-life options
For older assets, assess continued operation, storage, sale and part-out using the aircraft's condition, component demand and execution costs.
Asset decisions need both a commercial view and a technical view.
Sources & reference period
Published sources available before 20 May 2024.