Subscribe Free
in Air Transport / Business & Finance

Middle East lessors fleets set to grow, says expert

Posted 17 April 2017 · Add Comment

The Middle East's lessors' fleets are set to grow with its key regionally-based suppliers, Kuwait's ALAFCO, DAE Leasing and IFAC carrying strong order books.

 That’s the prediction from Richard Evans, Senior Consultant of FlightAscend Consultancy addressing the annual Airline Engineering & Maintenance Middle East conference in Abu Dhabi.

Evans said that currently 36% of the Middle East’s total jet fleet is on operating lease with Emirates having the largest leased fleet of the big four at 53%. EK is ahead of Etihad with 24% of its fleet on lease, Qatar on 36% and Saudia on 27%.

Yet despite the strong regional demand for leasing, only one Middle East-based lessor – Kuwait’s Aviation Lease and Finance Company (ALAFCO) is ranked among the industry Top 20 suppliers according to Flight Fleets Analyser.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Boeing Helena site expands to support 777X aircraft production

Boeing employees and community members have commemorated the 90,000 square-foot expansion of Boeing Helena to support 777X airplane production.

International Youth Day takes off with Qatar Airways

A Qatar Airways captain helped International Youth Day take off at Doha's KidzMondo – located in the Mall of Qatar – with the aid of two would-be pilots.

Emirates to deploy extra flights for the upcoming Hajj season

Emirates will be operating extra flights to Jeddah to help facilitate travel for thousands of pilgrims this year heading to and from the Kingdom of Saudi Arabia for Hajj.

RJ launches new online premium services

Royal Jordanian Airlines is now offering three online services to its guests, in order to enhance their travel experience at all stages.

ADA takes full control of former JV

The Abu Dhabi Aviation Group (ADA), the UAE-capital based aviation concern which owns the Middle East's largest commercial helicopter operation as well cargo airline Maximus Cargo and holds equity in the VIP luxury charter operator

Chiang Mai becomes Qatar Airways' fourth Thai destination

Qatar Airways will launch flights to beautiful Chiang Mai, its fourth destination in Thailand, as it expands to meet increased demand for Thai destinations from holiday-makers. The new route comes in addition to existing services to

Aviation Africa SK18418
See us at
DAS BT1105161117Aviation Africa BT18418DASAS BT3006161117RMIT BT1631817DIAC BT1105121117Global Aerospace BT28218Aviation Show 267291117Commercial Aircraft Financing BT2017AIME BT1204240118