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Asia-Pacific to lead seat capacity growth predicts global lessor
January 15th 2025
Asia-Pacific airlines will capture more than 50% of passenger capacity growth this year forecasts global lessor Avolon. Read More » The region was the last to emerge from the COVID-19 pandemic, Avolon said, but it will return to its former dominant position as a result of slowing growth in European and U.S. markets. Securing aircraft for expansion and fleet replacement will be an ongoing challenge for airlines in 2025 as slots for new aircraft are sold out beyond 2030, Avolon said. “The aviation outlook is robust, reflecting continued growth in travel demand against a backdrop of structural under-supply of new aircraft," Avolon CEO, Andy Cronin, said. "The Asia-Pacific will be the engine of that growth and we anticipate global airline revenues will exceed US$1 trillion for the first time."
