Avolon sees airline traffic back to 2019 levels by June

Lessor Avolon says the aviation industry is set to “thrive” in 2023 with commercial traffic on track to return to pre-pandemic levels by mid-year. “After a 70% recovery in passenger traffic last year led by recovery in Europe and North America, Asia will drive growth in 2023,” Avolon said, in an industry outlook published ahead of the opening of the Airline Economics Growth Frontiers Dublin conference on January 16 2023. Key to the recovery will be China reopening its doors, according Jim Morrison, chief risk officer, and Rosemarie O’Leary, head of counterparty risk and sustainability, who co-authored Avolon’s ‘Climb to