BOC Aviation says Airbus and Boeing delivery delays have stabilized though lingering supply chain issues are expected to persist through the end of the decade.
Bahrain’s Gulf Air has signed a lease agreement with BOC Aviation for nine new Airbus aircraft, advancing its fleet modernization strategy aimed at enhancing passenger experience and supporting network growth.
Aircraft lessors have benefited from rising lease rates, but slow aircraft production expansion and shifting U.S. economic policy are making growth harder.
BOC Aviation has placed three Boeing 747-8 freighters with new customer Atlas Air and signed sale-and-leaseback deals for 15 new Airbus A320neos with Frontier.
The Singapore-based lessor forecasts business conditions for the aircraft leasing industry will continue to be strong, particularly in the Asia-Pacific region.
The largest aircraft lessors could receive more than $2B by 2025 as insurance settlements from lost business and assets in Russia pay out faster than expected.
Demand for leased aircraft and very high lease rates will not go out of style soon, major lessors say, amid airline capacity needs and manufacturer output woes.