Leasing provides airlines with financial flexibility, capacity adaptability, and reduced maintenance costs.
The global aircraft leasing market is experiencing a significant surge, with projections indicating remarkable growth in the coming years. According to Statista, the market is estimated to reach a value of 295.18 billion U.S. dollars by 2029. This upward trend can be attributed to factors such as increased demand for air travel and airlines’ quest to optimize costs. As the market expands, industry experts highlight the advantages of aircraft leasing, emphasizing its pivotal role in achieving sustainable and profitable operations for airlines.
Advantages of Aircraft Leasing
“Ensuring sustainable and profitable operations is crucial for any airline, and leasing can play a key role in achieving this goal,” states Jurgita Lukauskiene, CEO, Aeroclass. “Leasing an aircraft instead of purchasing one offers several advantages, including increased financial liquidity, greater capacity flexibility, rapid expansion opportunities, fleet consistency, and reduced maintenance costs,” he further added.
Flexibility Fuels Growth
Dr. Bijan Vasigh, Aeroclass instructor and Professor at Embry-Riddle Aeronautical University, explains that leasing has become increasingly favored by airlines for aircraft acquisition. Several major leasing companies dominate the industry, holding a significant market share and playing a prominent role. The flexibility afforded by leasing enables airlines to respond promptly to market dynamics and adjust their fleet sizes accordingly. This adaptability is a key driver behind the industry’s growth.
“Airlines have increasingly turned to leasing as a means of acquiring aircraft, rather than purchasing them outright,” explains Dr. Bijan Vasigh, Aeroclass instructor and Professor, Embry-Riddle Aeronautical University. “The industry is dominated by several major leasing companies, which hold a significant market share and play a prominent role in the industry. The growth can be attributed to the flexibility offered by leasing, enabling airlines to adjust their fleet sizes based on demand and market conditions,” he further added.
Rising Demand for Skilled Professionals
The growth of the aircraft leasing market is expected to create a parallel surge in demand for skilled professionals within the industry. However, this poses a challenge as the aviation industry already faces a talent shortage. Jurgita Lukauskiene highlights that Aeroclass has observed a surge in demand for leasing-related courses, covering topics such as aircraft management, maintenance, finance, and legal matters. Online training has emerged as a cost-effective alternative for individuals seeking to acquire fundamental knowledge or deepen their industry expertise without incurring substantial expenses associated with in-person training.
Jurgita Lukauskiene, CEO, Aeroclass said, “We have observed a surge in demand for our leasing-related courses, which cover a broad range of subjects including aircraft management, maintenance, finance, and legal matters. Due to the complexity of the field, training competent professionals can be a challenging and costly undertaking. Therefore, online training has emerged as a cost-effective alternative for individuals seeking to acquire fundamental knowledge or deepen their industry expertise without incurring substantial expenses associated with in-person training. This surge in interest indicates that the leasing market is gaining traction, and the demand for knowledgeable specialists in the field is likely to grow.”
Aeroclass: Meeting the Training Needs
Aeroclass, as the first digital learning platform focusing specifically on the aviation market, addresses the industry’s training requirements. The platform combines the latest advancements in IT, modern learning methods, and world-renowned instructors’ expertise to create a virtual learning infrastructure tailored for the aviation industry. Professionals in the sector can access a variety of online courses that cater to industry newcomers, engineers, managers, and executives, allowing for flexible learning experiences anytime and anywhere.
Silvija Jakiene, Chief Communications Officer of Avia Solutions Group, the parent company of Aeroclass, emphasizes the significance of the surge in interest in leasing-related courses. This indicates that the leasing market is gaining traction, with a growing demand for knowledgeable specialists in the field. As the aviation industry continues to evolve, it becomes increasingly crucial for professionals to stay up-to-date with the latest developments and acquire specialized skills to excel in their roles.
Conclusion
The global aircraft leasing market is witnessing remarkable growth, driven by increased demand for air travel and the cost-cutting strategies of airlines. Leasing provides airlines with financial flexibility, capacity adaptability, and reduced maintenance costs. As the market expands, the need for skilled professionals in the aviation industry is expected to grow. Online learning platforms like Aeroclass play a vital role in meeting this demand by offering comprehensive training courses tailored to the industry’s needs. With the aviation sector’s talent shortage, such platforms provide a cost-effective and accessible solution for individuals seeking to enhance their knowledge and expertise in aircraft leasing.
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Aeroclass is the world’s first digital learning platform focusing on the aviation market. It combines the latest IT advancements, modern learning methods, and renowned instructors’ expertise to create a virtual learning infrastructure tailored for the aviation industry. Aeroclass offers a variety of online courses for professionals in the aviation sector, providing a flexible learning experience anytime, anywhere. Aeroclass is part of the Avia Solutions Group, a leading aviation services provider with a global presence and a wide range of associated services.
