Yet, when Avolon released its outlook report, it contained premonitions that these promising numbers for 2024 might not trickle down to the rest of the decade. One of the reasons highlighted by the company for a slight retardation in the years to come is geopolitics with other factors such as higher operating costs and shortage of aircraft in the mix.

Despite a staggering order of 1,300 new aircraft in 2023 (most of which were down to India, Saudi Arabia, and the UAE), the report wondered if the aircraft order cycle had reached its summit. Though the report does paint pictures of a bright future for lessors bagging significant production slots for new aircraft as market lease rates hiked to an impressive 35% in 2023, how the numbers will stack up for the firm is something that the aviation community will have a keen eye on.