When we look back at the spike in demand over the summer of 2023, when global restrictions were lifted after three years over the pandemic, airlines misjudged the surge, struggling to keep up with the rate of demand. Despite a heavy year of global economic decline, the summer saw substantial growth in international travel, with people prioritising making previously postponed trips. This drove airlines to temporarily grow their fleet by leasing aircraft in order to meet the high demand.
Flight bookings suggested that, by May 2023, the demand for intra-European travel and domestic flights in large countries had returned to pre-pandemic levels, while demand for international trips returned to 80% of its 2019 level. We take a look at how ACS Leasing helped airlines respond to this rapidly growing demand.
Summer success
The heightened consumer demand led to a busy aircraft leasing market, leading operators to drive the prices for their aircraft. However, thanks to decades of aviation experience and far-reaching contacts, ACS Leasing was able to secure cost-effective solutions for clients.
ACS Leasing handles every aspect of the lease, offering a mixture of wet, damp, dry, and hybrid lease contracts for numerous airlines in Africa, Asia, North America and Europe. With long-standing relationships with airlines around the world, ACS Leasing is able to offer comprehensive, flexible solutions.
What did the next 12 months look like?
At ACS Leasing, the team is always looking ahead to the next peak period. The busy summer allowed the team to boost and strengthen the global relationships they’ve built, preparing a brilliant platform for the rest of the year. Airlines projected high demand towards the end of the year, and the team began securing contracts early on with new and existing clients for the winter season. ACS Leasing are the experts in negotiating cost-effective rates on behalf of clients, already avoiding the abnormally high prices that we saw across the board last year.
Why choose ACS Leasing?
The ACS Leasing team have decades of aviation experience, and as the leading experts in the field, the team have built close relationships with operators around the world and always provide the best prices and availability for their clients, even at short notice. As a global operation, the team provides local knowledge of markets on a worldwide scale.
Our dedicated team is available around the clock, able to quickly source alternative aircraft if needed to ensure schedules are maintained. We’re also proud to offer our in-house travel, private jet and cargo teams to arrange crew accommodation and transport spare parts and crew wherever they’re needed.
