- Insight on the number of commercial passenger jets being classified as in-service vs stored
- Flights and aircraft activity of airlines from around the world
- Analysis on schedules, aviation asset values and fleets data all geared to spotting recovery trends
Utilization for aircraft owned by lessors in South Korea, Vietnam & India
Cirium’s data researchers classified an additional 391 commercial passenger jets as in-service, taking the overall percentage up one point to 44% and reducing the stored fleet to 56%.
Air Lease Corporation’s portfolio of passenger jets placed on operating leases with Indian, South Korean and Vietnamese operators appears to have been proportionally less impacted by the coronovirus crisis compared with rival top five lessors for those countries, based on percentage change in daily flights tracked compared with a year earlier.
However it should be noted that the number of Air Lease aircraft in service or in storage with airlines in these three countries increased from 30 in January 2019 to 40 by May 2020, which at least partially accounts for the number of tracked flights on 31st May 2020 being only about a third down compared with the equivalent day a year earlier.
Avolon has the largest presence in the Indian, South Korean and Vietnamese markets with 84 aircraft placed, while Aircastle, Aviation Capital and BBAM all account for between 40 and 44 aircraft.
The top five airline clients for these five lessors across the three countries are IndiGo (58 aircraft), Vietnam Airlines (28), SpiceJet (26), Air India (21) and AirAsia India (20)
However it should be noted that the number of Air Lease aircraft in service or in storage with airlines in these three countries increased from 30 in January 2019 to 40 by May 2020, which at least partially accounts for the number of tracked flights on 31st May 2020 being only about a third down compared with the equivalent day a year earlier.
Avolon has the largest presence in the Indian, South Korean and Vietnamese markets with 84 aircraft placed, while Aircastle, Aviation Capital and BBAM all account for between 40 and 44 aircraft.
The top five airline clients for these five lessors across the three countries are IndiGo (58 aircraft), Vietnam Airlines (28), SpiceJet (26), Air India (21) and AirAsia India (20)
Note: As of June 1, 2020, we are making a further adjustment to best reflect the current in service and stored fleets. Aircraft will now be classified as entering storage if any of the following criteria are met: 30 days of continuous inactivity; ferry to a known storage facility; or airline-announced grounding or retirement of aircraft with immediate effect.
Aircraft will now be returned to service if we see at least one flight – or in most cases one pair/set of flights – after a period of storage or inactivity (subject to review by our dedicated research team).
Full details of the revised methodology are available here: Understanding Cirium’s methodology for stored aircraft during COVID-19
*Cirium https://www.cirium.com
Aircraft will now be returned to service if we see at least one flight – or in most cases one pair/set of flights – after a period of storage or inactivity (subject to review by our dedicated research team).
Full details of the revised methodology are available here: Understanding Cirium’s methodology for stored aircraft during COVID-19
*Cirium https://www.cirium.com
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