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<br /> Aviation Leaders Report 2024<br /> Demand&Disruption<br /> www.aviationnews-online.com www.kpmg.ie/aviation<br /> Leaders in Aviation Finance<br /> Our Aviation Finance Team of tax, audit and advisory experts have unrivalled expertise<br /> in aviation finance and aircraft leasing, contact them today.<br /> Tax & Legal<br /> Joe O’Mara<br /> Head of Aviation Finance<br /> E: joe.omara@kpmg.ie<br /> Brian Brennan<br /> Tax Partner<br /> E: brian.brennan@kpmg.ie<br /> Gareth Bryan<br /> Tax Partner<br /> E: gareth.bryan@kpmg.ie<br /> James Kelly<br /> Tax Partner<br /> E: james.g.kelly@kpmg.ie<br /> Jed Kelly<br /> Tax Principal<br /> E: jed.kelly@kpmg.ie<br /> Amanda McHugh<br /> Tax Principal<br /> E: amanda.mchugh@kpmg.ie<br /> Caoimhe McLoughlin<br /> Transfer Pricing Partner<br /> E: caoimhe.mcloughlin<br /> @kpmg.ie<br /> Philip Murphy<br /> Tax Partner<br /> E: philip.murphy@kpmg.ie<br /> <a title="Global Leaders Report 2024 page 1" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=1"> Aviation Leaders Report 2024 Demand&Disruption </a> <a title="Global Leaders Report 2024 page 2" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=2"> Leaders in Aviation Finance Our Aviation Fi</a> <a title="Global Leaders Report 2024 page 3" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=3"> CONTENTS 2 Contributors AirlineEconomicsandKPMG</a> <a title="Global Leaders Report 2024 page 4" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=4"> AIRLINE ECONOMICS RESEARCH Aviation Global Lead</a> <a title="Global Leaders Report 2024 page 5" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=5"> AIRLINE ECONOMICS RESEARCH </a> <a title="Global Leaders Report 2024 page 6" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=6"> AIRLINE ECONOMICS RESEARCH DEMAND & DISRUPTION</a> <a title="Global Leaders Report 2024 page 7" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=7"> That belief has provided more certainty to bo</a> <a title="Global Leaders Report 2024 page 8" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=8"> Chapter One Airlines Soar</a> <a title="Global Leaders Report 2024 page 9" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=9"> AIRLINE ECONOMICS RESEARCH I n times of vol</a> <a title="Global Leaders Report 2024 page 10" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=10"> AIRLINE ECONOMICS RESEARCH World Economic Growt</a> <a title="Global Leaders Report 2024 page 11" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=11"> AIRLINE ECONOMICS RESEARCH World Economic Growt</a> <a title="Global Leaders Report 2024 page 12" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=12"> AIRLINE ECONOMICS RESEARCH shareholders that th</a> <a title="Global Leaders Report 2024 page 13" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=13"> AIRLINE ECONOMICS RESEARCH Oil / Jet Fuel Price</a> <a title="Global Leaders Report 2024 page 14" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=14"> AIRLINE ECONOMICS RESEARCH </a> <a title="Global Leaders Report 2024 page 15" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=15"> AIRLINE ECONOMICS RESEARCH </a> <a title="Global Leaders Report 2024 page 16" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=16"> AIRLINE ECONOMICS RESEARCH Regional Rev</a> <a title="Global Leaders Report 2024 page 17" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=17"> AIRLINE ECONOMICS RESEARCH than expected off pe</a> <a title="Global Leaders Report 2024 page 18" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=18"> AIRLINE ECONOMICS RESEARCH North American air</a> <a title="Global Leaders Report 2024 page 19" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=19"> AIRLINE ECONOMICS RESEARCH leisure on its trans</a> <a title="Global Leaders Report 2024 page 20" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=20"> AIRLINE ECONOMICS RESEARCH SOUTH AMERICA Latin </a> <a title="Global Leaders Report 2024 page 21" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=21"> AIRLINE ECONOMICS RESEARCH ture growth o</a> <a title="Global Leaders Report 2024 page 22" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=22"> AIRLINE ECONOMICS RESEARCH Fallout from GoFirst</a> <a title="Global Leaders Report 2024 page 23" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=23"> Airline bankruptcies and restructurings have con</a> <a title="Global Leaders Report 2024 page 24" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=24"> Chapter Two Aviation Finance</a> <a title="Global Leaders Report 2024 page 25" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=25"> AIRLINE ECONOMICS RESEARCH A </a> <a title="Global Leaders Report 2024 page 26" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=26"> AIRLINE ECONOMICS RESEARCH Air Lease celebrat</a> <a title="Global Leaders Report 2024 page 27" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=27"> AIRLINE ECONOMICS RESEARCH </a> <a title="Global Leaders Report 2024 page 28" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=28"> AIRLINE ECONOMICS RESEARCH pressure from centra</a> <a title="Global Leaders Report 2024 page 29" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=29"> AIRLINE ECONOMICS RESEARCH is the source of cap</a> <a title="Global Leaders Report 2024 page 30" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=30"> AIRLINE ECONOMICS RESEARCH Ashland Place closes</a> <a title="Global Leaders Report 2024 page 31" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=31"> “What we believe really resonated with investors </a> <a title="Global Leaders Report 2024 page 32" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=32"> AIRLINE ECONOMICS RESEARCH Th</a> <a title="Global Leaders Report 2024 page 33" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=33"> AIRLINE ECONOMICS RESEARCH “The warehouse m</a> <a title="Global Leaders Report 2024 page 34" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=34"> AIRLINE ECONOMICS RESEARCH SUSTAINABLE FINANCIN</a> <a title="Global Leaders Report 2024 page 35" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=35"> Navigating Change. Together. kpmg.ie/aviation</a> <a title="Global Leaders Report 2024 page 36" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=36"> Chapter Three Lessors Dominate</a> <a title="Global Leaders Report 2024 page 37" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=37"> AIRLINE ECONOMICS RESEARCH A ircraft l</a> <a title="Global Leaders Report 2024 page 38" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=38"> AIRLINE ECONOMICS RESEARCH FIG. 14: TOP 30 AIRC</a> <a title="Global Leaders Report 2024 page 39" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=39"> AIRLINE ECONOMICS RESEARCH Meyler notes that</a> <a title="Global Leaders Report 2024 page 40" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=40"> products. “There will be more of a balance betwee</a> <a title="Global Leaders Report 2024 page 41" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=41"> measured in units, which is about 52.1%. Measured</a> <a title="Global Leaders Report 2024 page 42" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=42"> AIRLINE ECONOMICS RESEARCH Goldman Sachs’ </a> <a title="Global Leaders Report 2024 page 43" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=43"> AIRLINE ECONOMICS RESEARCH On the date of the </a> <a title="Global Leaders Report 2024 page 44" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=44"> AIRLINE ECONOMICS RESEARCH 83 aircraft on lease</a> <a title="Global Leaders Report 2024 page 45" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=45"> AIRLINE ECONOMICS RESEARCH that opportunities r</a> <a title="Global Leaders Report 2024 page 46" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=46"> AIRLINE ECONOMICS RESEARCH the portfolio, which</a> <a title="Global Leaders Report 2024 page 47" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=47"> AIRLINE ECONOMICS RESEARCH </a> <a title="Global Leaders Report 2024 page 48" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=48"> Chapter Four OEM and Fleet Focus</a> <a title="Global Leaders Report 2024 page 49" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=49"> AIRLINE ECONOMICS RESEARCH Aircraft Type Air</a> <a title="Global Leaders Report 2024 page 50" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=50"> restart after the pandemic. Some two years follow</a> <a title="Global Leaders Report 2024 page 51" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=51"> Source: Cirium </a> <a title="Global Leaders Report 2024 page 52" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=52"> AIRLINE ECONOMICS RESEARCH 737 MAX Production an</a> <a title="Global Leaders Report 2024 page 53" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=53"> 737NG and 737 MAX Monthly Production Since 2014 </a> <a title="Global Leaders Report 2024 page 54" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=54"> AIRLINE ECONOMICS RESEARCH Assessing the impact</a> <a title="Global Leaders Report 2024 page 55" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=55"> AIRLINE ECONOMICS RESEARCH FIG. 23: A320-FAMI</a> <a title="Global Leaders Report 2024 page 56" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=56"> AIRLINE ECONOMICS RESEARCH refurbishment migh</a> <a title="Global Leaders Report 2024 page 57" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=57"> AIRLINE ECONOMICS RESEARCH CFM56 engines “bogus</a> <a title="Global Leaders Report 2024 page 58" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=58"> is driving positive value pressure especially for</a> <a title="Global Leaders Report 2024 page 59" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=59"> AIRLINE ECONOMICS RESEARCH </a> <a title="Global Leaders Report 2024 page 60" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=60"> AIRLINE ECONOMICS RESEARCH while their engines </a> <a title="Global Leaders Report 2024 page 61" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=61"> AIRLINE ECONOMICS RESEARCH in more reliable </a> <a title="Global Leaders Report 2024 page 62" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=62"> AIRLINE ECONOMICS RESEARCH Optimism Rules The</a> <a title="Global Leaders Report 2024 page 63" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=63"> GROWTH FRONTIERS TOKYO 10-11 April 2024 Palace Ho</a> <a title="Global Leaders Report 2024 page 64" href="https://secure.viewer.zmags.com/publication/11fe6be2?page=64"> Change. Together. kpmg.ie/aviation Navigating</a>