IATA has released a report today that confirms what many lessors and industry expert have been working to, which is that air travel demand will not be back to 2019 levels until 2023, although this is usually reserved for short-haul travel. The recovery in international long-haul travel is widely expected to drag on longer into 2024-5. But indeed there are signs of optimism. The vaccinations programmes are being rolled out everywhere now with varying speeds admittedly but the prognosis is good that they are effective against new variants and so a fourth wave may be avoided. Optimism levels are higher

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