'Current imbalance to change in 2012': AWAS

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Operating lessor AWAS believes the current oversupply of aircraft is on the mend with lease rates for Airbus A320s, in particular, increasing in strength.

"We expect the current imbalance to change in 2012," says Ray Sisson, president and chief executive officer of AWAS on a conference call today.

Sisson says lease rates for current A320s are "strengthening", but not as much as on the Boeing 737-800, which carries a price premium.

Separately, bank and leasing sources indicate lease rental spread has at least doubled between a 10-year old Boeing 737-800 and Airbus 320 due to oversupply of the European asset.

While a lease rate gap has always existed of $30,000-$40,000 per month, sources indicate those figures are in the $60,000 -$100,000 range due to too many available assets.