Aircraft leasing faces shake-up as risks cloud recovery

Leasing companies now control more than half of the world's fleet of aircraft. Picture: Michael Spooneybarger
Global aircraft leasing faces a new shake-up after SMBC Aviation Capital's deal to buy smaller rival Goshawk Aviation for $6.7bn (€6.34bn).
The move comes as firms report a stronger-than-expected recovery — but one increasingly overshadowed by inflation, rising borrowing costs, and the effects of the conflict in Ukraine.