Ireland: Confidence returns to the aviation market
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As the global vaccination program continues to roll out, people have regained confidence in flying and a desire to travel. This can be seen in the resumption of domestic travel in large markets like North America and China. Lenders and investors have gained confidence in this and it shows in the re-emergence of the ABS market over the past 12 months. Further signs can be seen through private equity investments in new rental platforms as they recognize the long-term viability of the aviation industry. We have also seen a consolidation in the leasing market such that Carlyle announced its intention to acquire AMCK and last month Dublin-based AerCap acquired GECAS to create the world’s largest aircraft lessor. . We expect this to continue in the short to medium term. Aviation faces significant pressure to reduce its environmental impact, both from consumers and governments. As such, the industry is committed to reducing CO2 emissions to half of 2005 levels by 2050.
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