Insight - Aircraft leasing faces shake-up

Travelling again: Passengers at the Los Angeles International Airport in California. The speed of the US recovery in air travel has defied expectations, flouting amber warnings from higher interest rates to inflation, high oil prices and geopolitical risk. — AFP

GLOBAL aircraft leasing faces a new shake-up this week after SMBC Aviation Capital’s deal to buy smaller rival Goshawk Aviation for US$6.7bil (RM29.45bil).

The move comes as firms report a stronger than expected US-led recovery – but one increasingly overshadowed by inflation, rising borrowing costs and the effects of the conflict in Ukraine.