Reconstituting skilled workforces amid wage inflation is particularly challenging. On supply chain issues, airlines and airports have faced trouble gearing up amid surging travel demand. Still, BOC Aviation recognises China’s potential, and states that it will have a major impact when outbound Chinese travel resumes. The recovery is particularly impressive, he feels, given the “limited contribution from China,” which remains largely closed owing to its ‘zero-Covid’ policy aimed at preventing coronavirus infections. Martin notes strong second quarter revenues from major USA carriers, as well as at the lessor’s biggest customer, Qatar Airways. “Rising levels of passenger traffic and a strong fare-setting environment are allowing airlines particularly in North America, the Middle East and parts of Europe to offset the impact of higher jet fuel prices, wages and interest rates to report better earnings,” says Martin. Decade of Airline Excellence Awards 2020Īrtist’s impression of A321neo in BOC Aviation livery.Airline Business special: CEOs to watch in 2021.FlightGlobal Guide to Business Aviation Training and Safety 2021.
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