Are more lessor consolidations on the horizon? What does the market look like for non-investment grade lessors? How does the size of the lessor affect their appeal to airlines? Could mega lessors hoover up all the business? Is there scope for fragmentation rather than consolidation with new players? Ultimately, will market shifts lead to more or less investors in the space? What is the impact of that?

• Are more lessor consolidations on the horizon?

• What does the market look like for non-investment grade lessors?

• How does the size of the lessor affect their appeal to airlines? Could mega lessors hoover up all the business?

• Is there scope for fragmentation rather than consolidation with new players? 

• Ultimately, will market shifts lead to more or less investors in the space? What is the impact of that?