Less than 15 months to go until IFRS 16 comes into effect. From that point, airlines will need to reflect aircraft operating leases as debt on their balance sheets. While it is expected that operators will feel the impact of IFRS 16 most directly, aircraft lessors and industry financiers cannot afford to ignore it. This survey explores the sentiment and readiness of the aviation finance industry towards the introduction of IFRS 16 as of January 2019

Research Advisory

The advisory team studied the IFRS '16 regulations to pre-assess its impact on the aviation industry/ Respondents were carefully selected from the relevant business functions to improve the quality of responses from the survey.

Survey & Analysis

Survey Responses


Million USD Revenue & above


Telephonic Interview
Telephonic Interview
Online Survey
Online Survey

Key Takeaways

To minimize the impact of IFRS 16 existing leases will be renegotiated and standard terms for new leases will change.

IFRS 16 impact the cost of financing/funding of airlines/lessors

Increase in comparability and transparency are the most important benefit of implementing IFRS 16 for the international aviation finance industry

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