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Airline recovery draws on parked owned aircraft before leased new ones

Premium Analysis

Global aviation is operating more and more aircraft to meet increased demand in the recovery from the COVID-19 pandemic.

However, it seems that the pool of parked aircraft continues to be a preferred source of growth compared with new aircraft. Moreover, owned aircraft continue to be returned to service more rapidly than leased aircraft.

As at 26-Apr-2022, the active leased fleet was still -9% smaller than its Jan-2020 size, while the active owned fleet was only -3% smaller.

With aircraft in service still below pre-pandemic numbers, it is not surprising that global deliveries of commercial aircraft are still below 2019 levels.

Leased aircraft deliveries have been slower to recover than owned aircraft.

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