Global demand for aircraft to fall 20%

There is potentially an oversupply of up to 2,500 narrow and widebody aircraft in the market, and global demand, once the current restrictions are lifted, will have declined by 20% by the end of 2021, according to appraisal firm IBA. IBA, , has identified a number of aircraft types that are at greatest risk of being placed in storage, as the effects of Covid-19 drive aircraft oversupply and falls in fleet sizes, asset values and lease rates and discussed these in a webinar. Using data from IBA.iQ, platform, IBA’s analysts have calculated that approximately 3,400 narrowbody aircraft could be prematurely