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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.
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.
Europe's top low-cost airlines, Ryanair, Wizz Air, and easyJet, report positive demand and pricing trends in Q4 2023, with optimistic outlooks for summer 2024 bookings.
Boeing's 737 MAX-9 faces increased scrutiny due to a configuration issue, potentially damaging the MAX brand and impacting European airlines, particularly Ryanair, a major Boeing customer.
Global aircraft deliveries in 2023 were 26% below 2018's peak, with Airbus leading Boeing in deliveries and backlog. Supply chain issues may prolong backlog clearance.