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Leasing and infrastructure assets

Aircraft leasing company financial model, built free.

A three-statement Excel model for an aircraft and engine lessor, built from your own figures and checked to balance.

  • Free account
  • No card
  • Usually ready within the hour

We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more

The business

Buys new aircraft and engines from manufacturers or through sale-and-leasebacks and leases them to airlines on 8–12 year operating leases, earning rent at a lease rate factor and trading mid-life assets.

See the sampleHow the model works

In short

  • 01

    Three linked statements

    Income statement, balance sheet and cash flow, linked in every period.

  • 02

    Valued three ways

    Discounted cash flow, trading multiples and net asset value, side by side.

  • 03

    Monthly to annual

    Monthly, quarterly, half-yearly or annual periods, for up to 30 years.

  • 04

    Checked every period

    A Checks sheet shows the balance sheet balances and the cash reconciles.

The sample

The sample, as Excel draws it.

Built by the same system and checks as yours, on illustrative figures: every sheet as Excel draws it, or live.

Annual · 10 years · Low detail
Aircraft leasing company sample model.xlsx
The Summary sheet of the sample aircraft leasing company model

Illustrative figures: the sample describes no real business. The live preview shows values; your model’s Excel file has every formula.

How it works

How the model works for an aircraft leasing company.

  1. How it earns revenue3 formulas
    Leased asset portfolio · All leased asset pools
    Depreciation of lease assetsDepreciation of the existing pool (units sold for half the period)Depreciation of purchases
    Leased asset portfolio · All leased asset pools
    Gain on saleBook value of existing units sold (at mid-period)Sale price premium to book value
    Leased asset portfolio · All leased asset pools
    Sale proceedsBook value of assets soldGain on sale
  2. What drives its costs1 formula
    Lessor asset costs · All leased asset pools
    Lessor asset costsLease revenuefrom lease revenue and utilisationAsset costs (% of lease revenue)
  3. How it is funded3 formulas
    Debt
    RepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweep
    Debt
    Closing balanceOpening balanceDrawdownsRepayments
    Debt
    Interest expenseOpening balanceAll-in interest rateshare of the year
  4. How profit becomes cash3 formulas
    Working capital
    Trade receivablesRevenuefrom statementsDebtor daysDays in period
    Working capital
    InventoryDirect costs (positive)from statementsInventory daysDays in period
    Working capital
    Trade payablesCash operating costs (positive)from statementsCreditor daysDays in period
What it covers

18 parts, each one tested.

Every part is a tested building block with its own checks: yours is put together from the ones your business needs.

  • CPI forecastConsensus curve with long-run anchor
  • Corporate costsFixed cost base indexed to CPI
  • Working capitalFull working capital
  • Income taxCorporate rate with tax losses
  • DebtAmortising term loan
  • Dividends and distributionsPayout of net profit
  • Discounted cash flow valuationDCF on free cash flow to the firm
  • Multiples valuationEV / EBITDA multiple
  • Net asset valueBook net asset value
  • Interest-rate hedgingHedged share at a fixed rate
  • Key-metric summaryLast-twelve-month and run-rate metrics
  • Covenant tests and headroomLVR, gearing and ICR for property
  • Discount rate (WACC)CAPM at target gearing
  • Terminal valuePerpetuity growth on normalised cash flow
  • Interest-rate forecastMarket forward curve
  • Leased asset portfolioStraight-line to residual over economic lifeAssets owned for lease — aircraft, engines, containers, railcars, rolling stock, meters — purchases, sales, depreciation to residual value and impairment.
  • Lease revenue and utilisationInstalled units × annual rentalRent earned on each pool from lease rates, utilisation and re-leasing, including maintenance reserves and installed-base rentals.
  • Lessor asset costsCosts as a share of lease revenueDirect costs of owning leased assets — idle storage and repositioning, transition and repossession costs, and maintenance under full-service leases.
Key numbers

The numbers it tracks.

  1. 01fleet NBV
  2. 02lease yield
  3. 03utilisation
  4. 04gains on sale
  5. 05net spread
  6. 06debt / equity
  7. 07ROE
Used for

What it is used for.

Also used for
  • Asset acquisition
  • Closed-end fund, syndicate or trust
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Looking for an aircraft leasing company financial model template? Ours arrives built for your business, with your figures in it.

See a finished model, sheet by sheet

The sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.