A Review of Financial Performance of Aircraft Leasing Companies

Abstract

The Covid-19 pandemic has caused many industries, especially the air transport industry, to experience a crisis. It is important to analyze the change in the financial performance of global aircraft leasing companies, one of the most important stakeholders of the airline industry during this crisis period. Therefore, this study aims to analyze the financial performance of global aircraft leasing companies in the period from Q1 2018 to Q4 2020. In the study, we analyzed the financial data of 6 global aircraft leasing companies using the CRITIC-based CODAS method. Our findings indicate that some aircraft leasing companies have been ahead of the competition due to the Covid-19 pandemic, while others have fallen behind in the financial performance rankings. Therefore, our results prove that aircraft leasing companies are affected by the covid-19 pandemic. Our analysis on a sectoral basis indicates the relationship between the debt repayment capacity of airlines and the performance of leasing companies.

Keywords

• Critic Method
• CODAS method
• Leasing
• Covid-19
• Financial Performance

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