Wow: Aviation Has Lost Everything It Had Made Since WW2

While the COVID crisis has seen the bottom knocked out of the aviation industry, there have been far fewer bankruptcies than might have been expected. The reason for this is the high levels of financial support the industry has raised, inflating the global debt burden to more than $650 billion. Chairman of ALC Steve Udvar-Hazy noted just how much has been lost, and how lessors are providing a route to recovery.

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