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Feature: 2011 operating lease survey
05 August 2011
There is uncertainty over the cost of jet fuel and new technology as the aircraft leasing industry welcomes new players.
In March last year one new venture began raising cash to
invest in new aircraft. It was one of several aggressive,
By December the lessor had a portfolio of 40 aircraft: by
the end of the first quarter of this year it had 49, and it is
targeting 100 by the end of 2011. In April the business raised
more than $800 million in an initial public offering.
The company is Air Lease Corporation (ALC). This astonishing
growth story demonstrates just how important companies such as
ALC have been in attracting investors to aircraft leasing. It
also raises questions about how such companies have grown so
fast and what impact this growth has had on the leasing
New leasing companies have injected at least $4 billion to
$5 billion-worth of equity for financing aircraft. Much of this
has been leveraged to finance new deliveries, a market
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