Aviation

Avolon: Rise in aircraft fleet to send airlines’ revenues soaring to $717bn

New report from the Irish aviation finance company shows the delivery of 1,500 new aircraft with drive global airlines’ revenues 12 per cent higher

Airlines’ net profit is projected to rise by 10 per cent to $26 billion, according to Avolon

The value of new aircraft deliveries is expected to rise by over 15 per cent to around $100 billion this year, according to a report from Avolon, the Irish headquartered aviation finance company.

The delivery of over 1,450 new large commercial aircraft will help drive airlines’ passenger revenues up 12 per cent to $717 billion, the report states.

Airlines’ net profit is projected to rise by 10 per cent to $26 billion, it adds.

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