Avolon – Global fleet will double, reaching 46,880 aircraft by 2042

Avolon forecasts the fleet will almost double by 2042, growing 94% to 46,880 aircraft in its World Fleet Forecast named ‘Return to Growth’. Avolon has attributed this success to sustained growth in demand for air travel, building on the rapid recovery experienced since the pandemic. Avolon estimates that over $4 trillion will be required to finance the 44,300 new passenger commercial aircraft to be delivered over the next 20 years, providing a considerable opportunity for lessors to partner with airlines globally to finance their growth ambitions. Andy Cronin, CEO of Avolon, said: “Near-term production constraints will remain a feature and