Avolon forecasts 36,000 new aircraft deliveries by 2033

In its latest World Fleet Forecast, Avolon is forecasting passenger traffic to increase by 5.2% per annum, equivalent to an average 1.6x GDP multiple. Capacity is expected to increase more slowly, by 5.1% annually on average. Cargo demand is forecast to grow at a rate of 5.6% a year. Avolon expects over 36,000 aircraft to be delivered over the next 20 years, comprising 35,500 passenger aircraft and 800 factory-built freighters. By 2033, the world jet airliner fleet will have almost doubled, increasing from 23,000 to 44,500 aircraft, of which 2,700 will be freighters. P2F conversions will satisfy over 2/3rds of