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Monday, January 16, 2023

China New Year Travel to Drive Aviation Rebound, Jet Lessor Avolon Says

 Aircraft lessor Avolon Holdings Ltd. said it expects a rapid rebound for China’s aviation industry after the country scrapped its strict Covid travel restrictions ahead of the usually busy Lunar New Year holiday. 

Unlike western carriers which grounded planes and furloughed staff at the start of the pandemic and then struggled to add capacity when travel came roaring back, airlines in China continued to operate their fleets domestically throughout, with capacity as recently as October and November close to or exceeding pre-pandemic levels, Avolon Chief Executive Officer Andy Cronin said in an interview in Dublin. 

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