Demand for older variants of Airbus SE and Boeing Co. jets has picked up in the past three to four months, as the industry’s pace of growth exceeded expectations, one of Asia’s biggest plane leasing companies said.

“Part of this is because growth in the industry is higher than what was originally expected,” Robert Martin, Chief Executive Officer of BOC Aviation Ltd. said in an interview at the Singapore Airshow, “Because of this, people want near-term aircraft deliveries.”