China’s surprise decision to drop border curbs earlier this month has given the industry a boost following earlier projections for a reopening much later in 2023. Avolon released its outlook at the start of back-to-back leasing conferences in Dublin where other firms also adopted a more upbeat tone.
China’s reopening to international travel could propel global air traffic back to pre-pandemic levels as soon as June, one of the world’s leading aircraft-leasing firms predicts.
Avolon Holdings, the world’s second-largest jet lessor, said Monday that the aviation sector “is set to thrive in 2023,” with Asia driving the rebound from years of Covid-19 disruption after Europe and North America did so last year.
