Anjos, FernandoSchwarzkopf, Max Joachim2022-08-162022-08-162022-01-272021-12-17http://hdl.handle.net/10362/143028The group part of the airline industry report investigates which airlines are best positioned to operate in a sustainable post-Covid market environment. The results show that low-cost carriers are likely to emerge as the leading business model in the future. This individual part studies the effect of aircraft leasing on firm value in North America and Europe. The underlying hypothesis expects a positive effect of leasing on firm value. Contrary to the hypothesis, the paper empirically identifies that leasing has a negative impact on firm value. Furthermore, the factors firm size, investment, growth, and location statistically influence firm’s leasing intensity.engStrategyAirline industryTobin´S QFirm valueLeasingmaster thesis203021231