Aerotime reports, “Dublin-based aircraft leasing company Avolon has published a new market outlook report, predicting that the global airline industry will reach US$1 trillion in revenue for the first time ever during 2025. According to this analysis, the main driver behind this growth is the Asia-Pacific region, which will be adding more capacity than all other regions of the world combined.”
Full Story (Aerotime)
Tag: Avolon
Air Greenland Partners with Avolon to Acquire VX4 eVTOLs
Aviation Today reported that Avolon and Air Greenland “will form a Working Group to examine the potential of commercial zero-emission air travel in Greenland.” Air Greenland “has also committed to a purchase or lease of electric vertical take-off and landing (eVTOL) aircraft from Avolon; the eVTOLs will be manufactured by Vertical Aerospace, maker of the five-seater, zero-emission VX4 aircraft.”
Full Story (Aviation Today)