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InsightIQ data revealed China has experienced a drop in domestic air travel in the fifteen-day period prior to the Lunar New Year compared to the same period in 2020. Following the resurgence of new Covid-19 cases in early January, new travel restrictions and subsequent lower demand for domestic travel have meant deep capacity cuts from local airlines.
The traditional asset management practice of a financier or lessor performing an annual inspection of an aircraft and its records has been severely impaired since the pandemic took a grip of the World.
- Major structural downshifts in values of current generation widebodies - New generation widebody and narrowbody aircraft have seen only modest declines in their market values despite the enormous challenges of Covid-19, according to leading aviation industry consultant IBA.
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