The global aircraft leasing market size was valued at USD 167.5 billion in 2022. The market is projected to grow from USD 172.9 billion in 2023 to USD 317.5 billion by 2030, exhibiting a CAGR of 9.07% during the forecast period. A lease for an aircraft is a formally recorded contract between two parties, typically a lessor and a lessee. For a set amount of time, the lessor agrees to lend the lessee the aircraft in exchange for regular payments called lease payments. Sometimes, airlines lease aircraft rather than purchase them. In exchange for a monthly or yearly fee for its use, the leasing business spends its money to buy the aircraft and gives it to the operator. The tenant retains ownership. The airline pays a certain rent each month or annually to use the plane under its own name. After the lease term is up, the aircraft is returned to its owner in the final phase. The increasing trend of low-cost airlines is a significant factor driving the market growth. Fortune Business Insights presents this information in their report titled ""Global Aircraft Leasing Market, 2023–2030."" Information Source: https://www.fortunebusinessinsights.com/aircraft-leasing-market-107476