It is estimated that in the next two decades the aviation industry will see the fastest growth in the world. More than one third of airplane used in the air transportation industry will be leased. Now China boasts 1,340 Boeing and Airbus airplanes, over 600 of which are leased. More specifically, only over 40 are operated by Chinese leasing companies. In the nearly 20 years from now until 2030, China is expected to import 5,000 new airplanes at a total value of 600 billion USD, about 45% of which will be leased, or representing a market growth of 270 billion USD. The aviation leasing industry looks promising enough. Given the four years of rapid growth of the Chinese leasing sector against a backdrop of economic slowdown in the West, China looks to become the biggest aviation leasing market in the world.
Meanwhile, the aviation industry in China is ushering in a new age with open low-altitude air transport, private flight, and growing air transport capability. In sharp contrast to the slump of the financial leasing business in Europe and the US, the Chinese financial leasing business enjoyed big profitability in 2011. Given the big role to be played in the aviation leasing industry, the aviation leasing players would see some new dynamics starting 2012.
IRICHT announces its Aviation Finance & Leasing Conference 2013 to take place at Renaissance Yangtze Shanghai Hotel during 23-24 October. Professionals from airplane makers, airlines, aviation leasing companies, financial institutions, traders, consultancies, law firms, insurance companies, and aviation associations home and abroad will have an opportunity to exchange in-depth insights about aviation development opportunities, challenges, and future trends, in an effort to promote aviation leasing development in China. It will be a great event that helps the aviation leasing industry in China to "take off".