Lessor Avolon forecasts continued aviation recovery in 2022

Lessor Avolon has painted an optimistic outlook for the aviation sector’s continued recovery in 2022, noting medical progress against the coronavirus pandemic and economic growth. It observes that over 9 billion coronavirus vaccines have been administered, and that each successive wave of Covid-19 sees a fall in lethality. “Medical progress underpins aviation’s recovery enabling governments and passengers to travel again,” says Avolon. It also ses continued economic growth this year, ”driving demand for air travel when passengers are freed to do so.” The company made the observations in 2022 outlook entitled ‘Rise Above,’ authored by head of portfolio management Jim Morrison and head of counterparty risk Rosmarie O’Leary. Another major trend that will continue is the push to sustainable aviation. The lessor observes that there are over 250 electric, hybrid, or hydrogen projects underway, and that advanced air mobility companies raised over $6 billion in 2021. In the push to sustainable aviation, however, it warns that creating rules that have unintended consequences must be avoided, given that aviation supports 1% of world GDP directly, and 8% indirectly.<br/>