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By Vincent Valery

Introduction  

Credit: AerCap

May 3, 2022, © Leeham News: Most passenger airlines incurred severe losses in 2020. However, last year, LNA showed that most lessors had a far less challenging 2020 than their customers. Many lessors managed to turn a profit in 2020.

As a future LNA article will show, the financial fortunes of most passenger airlines significantly improved in 2021 compared with 2020. We will now analyze how the largest lessors that publish their accounts performed in 2021.

Summary

• Changes in the lessor landscape;
• Contrasting financial fortunes;
• The aftermath of the Ukraine war.