"As a result of this recovery, there is now more momentum for large orders from airlines who have sort of sat back and watched the movie, and now they're seeing there's going to be a positive trend," Udvar-Hazy told the Airline Economics conference.
"We have this 500-aircraft order coming out of India, which is going to be about 400 narrow-body aircraft, probably a mix of Airbus A320neos, A321neos and Boeing 737 MAXs, and 100 wide-bodies which will include Boeing 787s, 777X, potentially some 777 freighters and Airbus A350s."
"We do expect a number of airlines will place large orders and again most of these orders will be for replacement," Udvar-Hazy said.