AerCap-GECAS plane leasing tie-up would dwarf rivals by fleet

Aircraft leasing faces its biggest shake-up in almost a decade, after the top two players AerCap and General Electric’s GECAS announced a $30 billion tie-up.

AerCap’s acquisition of its smaller rival creates an industry titan with 2,608 planes under ownership or management or on order – compared with 856 at next-ranked Avolon’s, according data from aviation consulting firm IBA.

Here is the global ranking of aircraft lessors by fleet:

1) AerCap: 1,080 aircraft owned or managed, 289 on order; Total 1,369

2) GECAS: 984 aircraft owned or managed, 255 on order; Total 1,239

3) Avolon: 593 aircraft owned or managed, 263 on order; Total 856

4) Air Lease Corp: 410 aircraft owned or managed, 365 on order; Total 775

5) SMBC Aviation Capital: 469 aircraft owned or managed, 230 on order; Total 699

6) Nordic Aviation Capital: 504 aircraft owned or managed, 79 on order; Total 583

7) BBAM: 526 aircraft owned or managed, 0 on order; Total 526

8) BOC Aviation: 392 aircraft owned or managed, 119 on order; Total 511

9) ICBC Leasing: 380 aircraft owned or managed, 123 on order; Total 503

10) Aviation Capital Group: 301 aircraft owned or managed, 65 on order; Total 366

(Source: IBA InsightIQ data covering the current fleet of owned/managed aircraft, coupled with backlogs consistent with identifiable planemaker data as at 8th March 2021. Numbers can differ in some cases from published end-year lessor data).