Aircraft
Avolon Sees Airline Traffic Reaching 2019 Levels by June
Asia will lead a traffic recovery this year as China reenters the market, according to Avolon.
China Eastern Boeing 737-800 takes off from Guangzhou Baiyun International Airport
A China Eastern Boeing 737-800 departs Guangzhou Baiyun International Airport. Avolon expects Chinese airlines' re-entry into international markets to contribute to Asia's growing share of the global air transport industry. (Photo: Flickr: Creative Commons (BY-SA) by byeangel)

Global airline traffic will reach pre-pandemic levels by June, according to a paper published Monday by Ireland-based aircraft leasing company Avolon.

After a 70 percent recovery in passenger traffic last year led by Europe and North America, Asia will drive growth in 2023 as Chinese airlines re-enter international markets, it said. Out of every two seats of airline capacity added in the world, Asia now accounts for one, the report notes.