The coordination among the governments, their civil aviation authorities, and regional associations contribute to efficient operations in the aviation sector. Major entities in the region include International Air Transport Association (IATA), African Airlines Association (AFRAA), African Civil Aviation Commission (AFCAC), Arab Air Carriers Organization (AACO), International Civil Aviation Organization (ICAO-MID, ESAF, and WACAF), airports, air navigation service providers and other regional airline associations. These entities are focused on providing efficient services to boost the aviation sector in the region. In June 2020, AFRAA announced a strategic partnership with ACC Aviation Group, the leading aviation service provider. With this partnership, ACC Aviation Group lends its expertise to AFRAA for various services such as aircraft charter and aircraft, crew, maintenance, and insurance (ACMI) leasing; strategic consultancy; and asset management. This strategic partnership supported the development of Africa's aviation industry and propels Middle East & Africa aviation leasing market growth.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 19,973.04 Million |
Market Size by 2030 | US$ 29,214.98 Million |
Global CAGR (2023 - 2030) | 5.6% |
Historical Data | 2021-2022 |
Forecast period | 2024-2030 |
Segments Covered |
By Leasing Type
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The List of Companies - Middle East and Africa Aviation Leasing Market
The Middle East & Africa aviation leasing market is expected to reach US$ 29,214.98 Mn by 2030.
The key players, holding majority shares, in Middle East & Africa aviation leasing market includes Dubai Aerospace Enterprise (DAE) Ltd., AerCap Holdings N.V., ALAFCO Aviation Lease and Finance Co., Avolon, and General Electric.
1. Rise in Air Passenger Traffic 2. Presence of Major Aircraft Leasing Companies in MEA
Modernization of Fleet with NextGen Aviation and Eco-friendly Initiatives.
The Middle East & Africa aviation leasing market was estimated to be US$ 19,973.04 million in 2023 and is expected to grow at a CAGR of 5.6 %, during the forecast period 2023 - 2030.