Providing the Right Amount of Value Relative to Other Asset Classes is a Challenge for Lessors
THE benefits of scale and the impact of consolidation will continue to shape the aircraft leasing industry over the coming decade, said Andy Cronin, chief executive of Avolon, the world’s second-largest aircraft lessor.
The Benefits of Scale
Cronin, Avolon’s helmsman with more than two decades of industry experience, said the benefits of scale are significant, particularly where the plane manufacturers are sold out for such a long time in advance.
Consolidation in the Industry
He was in Singapore to attend the Airline Economics Singapore conference last week, and talked to The Business Times in a wide-ranging interview.
Conclusion
Providing the right amount of value relative to other asset classes is a challenge for lessors. The benefits of scale and the impact of consolidation will continue to shape the aircraft leasing industry over the coming decade. Lessors must adapt to these changes to remain competitive and provide value to their customers.
FAQs
Q: What are the benefits of scale in the aircraft leasing industry?
A: The benefits of scale are significant, particularly where the plane manufacturers are sold out for such a long time in advance.
Q: How will consolidation impact the aircraft leasing industry?
A: Consolidation will continue to shape the industry over the coming decade, presenting both opportunities and challenges for lessors.
Q: What is the key challenge for lessors in the aircraft leasing industry?
A: Providing the right amount of value relative to other asset classes is a challenge for lessors.
Q: What is the role of lessors in the aircraft leasing industry?
A: Lessors must adapt to changes in the industry, such as consolidation and the benefits of scale, to remain competitive and provide value to their customers.
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