Avolon forecasts RPK growth, underpinned by strong economic dynamics in emerging markets

Avolon stated (Oct-2017) its average RPK growth forecast of 5.4% p/a through 2036 "is underpinned by the strong economic and demographic dynamics of emerging markets". Avolon said these markets, "where liberalisation and the new low cost airline business models provide affordable travel opportunities to large and expanding middle-class populations", will see the industry's centre of gravity "continue to move away from the mature markets of North America and Europe towards emerging markets, particularly in Asia, with China becoming increasingly important". [more - original PR]