Sylvia Pfeiffer, Philip Georgiadis, Jude Webb, London, Dublin
China’s reopening to international travel will help push global air passenger traffic to pre-pandemic levels by the middle of the year, one of the world’s largest aircraft lessors said, even as a shortage of new planes continues to hamper the industry’s full recovery.
“Passenger traffic recovered 70% last year led by Europe and North America, while Asia will drive growth in 2023, helped by the recent reopening of China,” said Avolon, the world’s second-largest jet leasing company.
A report released by Avolon on Monday showed that for every two additional seats in global airline capacity…
