#INTHEAIREVERYWHERE
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#INTHEAIREVERYWHERE |
| Vol. 21 No. 18 | Monday
April 25,
2022 |
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Russia's Grand Theft Airplane |
“War in Ukraine casts a shadow over the aviation recovery, and that is particularly true for aviation lessors, who are reeling after Russia’s version of “Grand Theft Airplane” saw a $10 billion plane grab, with almost 800 foreign-registered aircraft forcibly reregistered domestically,” says Eamonn Brennan, Director General of EUROCONTROL. “Aviation has continued to recover well over the last few weeks, and there has been a steady climb from 68% in January rising to 79% by the start of April compared to 2019 levels, even factoring in the impact on the network and on fuel prices of the unprovoked aggression by Russia against Ukraine. “Airlines are adding lots of capacity, and some airlines are already outperforming their pre-pandemic levels. People are showing that they are really keen to fly – many for the first time since before the pandemic began. Hitting 90% or more of 2019 traffic at peak summer moments is firmly on the cards, and we expect holiday destinations and some other parts of the network to exceed 100% of their 2019 levels. “Clearly, however, there are still some downside risks related to continued geopolitical tensions that could further impact fuel prices and economic conditions, as well as the possibility of new COVID variants. “We’re also seeing staff shortages in parts of the industry, particularly at airports in key roles such as airport screeners or ground handlers, and this needs to be carefully managed. Should any of these factors come into play, traffic could slide towards the levels envisaged in our Low Scenario. “But as cash-strapped airlines increasingly look for an asset-light business model, and traffic finally looks set to stay on course for close to 2019 levels by summer 2022, the future is once more looking bright for the leasing sector.” Brennan, always on the ball and right to the point, promises an update and an interesting guest April 28 as Domhnal Slattery, CEO of Avolon Aero joins Aviation StraightTalk live. Slattery will offer his take as CEO of one of the world's largest leasing companies. Live on April 28 at 15:00. Register here: https://lnkd.in/eV7CWpCY |
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 Vol. 21 No. 15 Kale Logistics Solutions & More Chuckles for April 7, 2022 Shanghai Shutdown Marjan Rintel CEO At KLM Feel Good Story |
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Publisher-Geoffrey Arend
• Managing Editor-Flossie Arend • Editor Emeritus-Richard
Malkin Film Editor-Ralph Arend • Special Assignments-Sabiha Arend, Emily Arend |
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