IBA sees extensions outpacing new leases in 2023

Aviation analytics firm IBA sees lease extensions and follow-on leases outstripping new lease placements in 2023, hampering overall lessor growth. However “further growth” could be expected for mature aircraft lease rates during the year, according to a presentation given in Dublin on January 18 by IBA chief economist Stuart Hatcher and Mike Yeomans, director of valuations and consulting. The leasing market will likely see further mergers and acquisitions in 2023, but the wider industry is likely to be affected by macroeconomic conditions, with a global slowdown “already here” and consumer and business debt set to “strain spending and impact employment”.