IATA Aircraft Lease Guidance

Section 1—Background
1
Background
2
Pre-delivery
3
Delivery
4
Operations
5
Redelivery
It is expected that approximately half of all aircraft worldwide will be under an operating lease in the next
decade, as illustrated in Figure 2. While a lease allows airlines to add aircraft to their fleet without any
ownership risks, introducing much-needed flexibility, it also introduces a series of unique challenges for the
airline. Many of these challenges arise because the Lessor and the Lessee look at the lease from different
perspectives.
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
2000
2001
2002
2003
2004
Operating Lease Share [%]
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Year
Figure 2. Share of Worldwide Fleet under an Operating Lease (Ascend, 2017)
4 th Edition 2017 1