ABSTRACT
Aircraft leasing became a strategic commercial manoeuvre of airlines only in the past 20 years. Of these, the first decade – the 1980s – saw a boom in commercial aviation and therefore a corresponding upsurge in aircraft manufacture, and the 1990s saw a downturn of this trend, contributed to in part by vacillations of the world economy which brought to bear regional economic crises such as the Asian slump in the late 1990s.
