It is the real question of 2016: The slowing of passenger demand comes once again at the same time as the aircraft delivery cycle kicks-in to full gear. This is good news for lessors as it tends to lead to extended lease agreements. However, more and more airlines may decide to lease out their own aircraft that are surplus to requirements instead of deferring deliveries – This has already been the case with Jet Airways, Lion Air, AirAsia, IndiGo, NAS and most likely in the future, GoAir. Other airlines already lease to subsidiary companies: MAS, SAA, Lufthansa, AirAsia, SIA. All

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