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Asia-Pacific airlines are placing large orders for new-generation aircraft, signaling recovery and anticipated growth in the region, with its share of the global aviation market set to rise.
Low-cost airlines lease 68% of their fleets, higher than the global average of 53%, with IndiGo being the biggest LCC lessee with 951 outstanding aircraft orders.
Low-cost carriers (LCCs) continue to grow, accounting for one in three aviation seats and 18.5% of the global aircraft fleet, despite the pandemic's impact.
53% of commercial aircraft globally are leased, with the share higher in Europe and lower in North America, offering airlines fleet flexibility and access to capital.
Wizz Air expands its network into the Middle East and Asia, with Western Europe accounting for 47.4% of its seats and a growing focus on the Albanian market.