GE Commercial Aviation Services (GECAS) is now the largest aircraft lessor in the world by both fleet value and number of aircraft, the latest Airline Business annual leasing survey reveals.

GECAS, which has just signed a firm order for a dozen more Airbus A330s, was already the largest aicraft lessor by fleet size but has now overhauled International Lease Finance ILFC as the largest lessor by fleet value. The survey shows GECAS holds a fleet of a little over 1,500 aircraft valued at $33.4 billion. This compares to ILFC's fleet value of $31.5 billion based on just over a 1,000 aircraft - compared revenues of nearly $40 billion a year before.

 IAB finance chart
 See our graphic on the top ten aircraft lessors

Full details of the movements among the top ten aircraft lessors in this year's survey are captured in the Airline Business interactive financial special. Other notable moves in this year's survey include AerCap becoming the third largest lessor by fleet value, following its acquisition of Genesis Leasing last year, while BOC Aviation and Macquarie AirFinance also moved up the list.

This year also sees three high-profile newcomers to the top 50 aircaft lessors; Steven Udvar-Hazy's return to the business with Air Lease, and newly formed Avolon and Jackson Square.

The Airline Business annual leasing survey is based on the Flightglobal ACAS database as of November 2010. Find out more about the leasing survey and our other premium data here. 

Source: Airline Business