Cinven Group is expecting the aircraft-leasing market to expand, validating its investment in Irish aircraft lessor Avolon. "Over the next four to five years, some $450 billion will be spent on financing new aircraft purchases, fueled by a combination of increasing passenger demand and the replacement of the existing global fleet," said Cinven partner Peter Catterall. "The number of aircraft that are leased, rather than owned outright, is expected to grow proportionately, from some 6,000, or 30% of the world's fleet, that is currently financed this way."

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