While Air Lease executive chairman Steven Udvar-Hazy sees airlines giving greater attention to addressing environmental concerns in their fleet planning amid heightened pressure to tackle aviation’s climate impact, he does not believe it will change the useful life of aircraft.
The commercial aircraft market should return to something more like its historical balance by 2023, following an accelerated retirement and replacement cycle, in the view of Air Lease executive chairman Steven Udvar-Hazy.
Guangzhou Baiyun displaced Atlanta Hartsfield as the world’s busiest airport in 2020, as Chinese facilities shot up the global ranking to dominate the top 10, according to preliminary data released by ACI World in late April.
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