icao regional air transport conference, jamaica · 2014-10-09 · icao regional air transport...

ICAO Regional Air Transport Conference

(Montego Bay, Jamaica, 7—9 October 2014

Latin American & Caribbean Air Transport Association

Session 7Aircraft Leasing

Moderator: Eduardo Iglesias,Executive Director, ALTA

Yuan‐Zheng Wang, Air Transport Regulation Panel Secretary, ICAOThomas Dunstan, Director, Bermuda Department of Civil AviationSamuel Chacón López‐Velarde, Partner, Chacón & Rodríguez, S.C., Mexico

LAC Passenger Traffic

0

100

200

300

400

500

600

700

800

Current Traffic 2033 Traffic

Million Pax

Source: Boeing Market Outlook

480 Million new passengers

CAGR: 6.2%

LAC Fleet Growth

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Current Fleet 2033 Fleet

WideBody Single Aisle Regional/Turboprop

Source: Ascend, Boeing

2,950 new aircraft will enter service

LAC Fleet

Source: Ascend

0

200

400

600

800

1000

1200

2005 2010 2014

OwnedLeased

LAC Order Backlog

338

248

28 11 10 130

50

100

150

200

250

300

350

400

Airbus Boeing ATR Sukhoi Embraer Other

648 Aircraft

Source: Ascend

Future Fleet Projections

New Airplanes (2013‐2033) Share %

Widebody 400 13%

Single Aisle 2,360 80%

Regional 190 7%

Total 2,950 100%

Source: Boeing Market Outlook

Fleet Renovation

Fleet Age

10.1 10.410.5

13.314.8

12.911.6

7.6

2000 2014

Average Ag

e

Europe USA LAC ALTA

21,590 Aircraft

Source: Ascend

26,533 Aircraft

Emissions Reductions

OR

Recent Trends• Aircraft Interchange• Aircraft registration different from AOC country

• Cape Town Convention• Operating Lease vs. Finance Lease

Lease Return Challenges

Airlines on lease return day if attention is not paid to contract details

It’s only scary if you don’t know how it

ends

Thank you