Aircraft Financial Leasing Expected To Boom

With the number of increasing tourists expected to visit Turkey in the near future, the increasing number of airlines offering domestic scheduled flights, and the effects of a growing Turkish economy resulting in an increasing demand for air cargo transportation, the need for aircrafts in Turkey is on the rise. Currently, there are 17 licensed airlines with a total number of 212 aircraft (17 of which are for cargo transportation) and 49 licensed air taxi operators registered in Turkey. For airlines that are expanding their air fleet or for corporations that are acquiring corporate jets, financial leasing is without a doubt one of the most commonly used financing solutions. This is due to the fact that financial leasing provides multiple benefits compared to that of conventional financing. It permits the use of aircraft with less initial cash expenditure than would be required in for the purchase of aircraft. It also conserves the lessee’s working capital. Moreover, it provides