Fitch bullish on commercial aviation

Fitch has published its “Commercial Aviation Handbook,” which provides a global summary of the firm’s view on airline companies, aircraft collateral, aircraft manufacturers, enhanced equipment trust certificates (EETCs), and the aircraft asset-backed securities sector. Global demand for air travel is poised to grow in the next year, though airline capacity growth could outstrip demand, says the report. Continued growth in travel demand remains a positive factor for aircraft original equipment manufacturers (OEM) and lessors and global airline industry profits are expected to remain above historical averages. However, supply and demand dynamics, along with higher oil prices and labour costs, are