New twin-aisle aircraft, such as the Boeing 787 and Airbus A350, will offer more appeal to operating lessors than the current technology, helping to spur growth in the global leased fleet.
"The percentage of the world fleet, which is going to get leased, will increase quite substantially in the next 10 years, and the fundamental reason for this is due to the new twin-aisle aircraft, such as the 787 and A350," said Ed Hansom, consultant for SMBC Aviation Capital, at the Ascend Finance Forum in London yesterday. "These aircraft are going to be more attractive to lessors than their predecessors, and for good reason."
According to Hansom, lessors, to date, have not been "very keen" on twin-aisle units with only ILFC playing a "dominant roll" in this end of the market.
This is changing though "judging by the lessor interest that is out there for the available 787s," he says.
While he acknowledges airline business sheets are "getting somewhat stronger in the aggregate", lessors still have access to "lower" costs of capital, he says.
"I think this increased appetite from lessors will be met by the right response from airlines, which will say 'this is great, I can now not focus all my use of leasing, as a capital source, on single-aisle aircraft'," he says.