Steven Udvar-Hazy thinks so. At a RBC Capital Markets event in New York City, the chairman and CEO of Air Lease, set out how the global economic crisis forced competition out of the aircraft leasing space and caused airlines to look to shore up their balances sheets by leasing aircraft rather than owning them. He estimated that the aircraft leasing market could be 40% by 2020 – it is close to that now, and has already reached that figure in the engine leasing market. His argument is sound and one that is shared by Airline Economicsmagazine. Airlines need new, more fuel-efficient
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