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)
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CFM International CEO Anticipates Leap Engine Hitting CFM56 Benchmark Soon
Aviation Week reports, “With some 75% of the new single-aisle engine market and the worst post-pandemic supply chain issues in the rearview mirror, CFM International’s focus is now on increasing the time on wing of its Leap engines … CFM CEO Gaël Méheust told Aviation Daily that the durability of the Leap is set to meet the standard set by the previous generation CFM56.”
Full Story (Aviation Week)
FBO Market Expected to Grow to $41.4B by 2031
Flying Magazine reports, “The market for FBOs—the companies that handle services at airports like fueling, hangaring, and aircraft maintenance—is set to grow at a “healthy” rate over the next several years, according to a new report. Market research firm The Insight Partners predicts the fixed base operator market will expand from $25.5 billion in 2024 to $41.4 billion by 2031. Analysts attributed the forecasted gains to a more dynamic business travel environment and demand from established and emerging regions, especially North America, Europe, and Asia.”
Full Story (Flying Magazine)