Lessor Avolon sees sharp air travel recovery but no quick supply fix

Aircraft leasing company said the reopening of China would drive global air traffic to pre-pandemic levels by June

Andy Cronin, chief executive of Irish aircraft leasing firm Avolon warned there would be no quick fix to the aircraft delivery delays that threaten to dampen the industry's recovery as planemakers wrestle with weak supply chains.

Aircraft leasing giant Avolon said the reopening of China would drive global air traffic to pre-pandemic levels by June. 

The Dublin-headquartered firm reported strong financial results, increasing revenues from the leasing of aircraft by 9% to $2.3bn (€2.13bn).