Asian Sky Quarterly – 2020 Q4

  • China’s robust response to the COVID-19 outbreak in 2020 saw its economy bounce back from a first-quarter contraction to finish the year back in positive territory. This positivity was also seen in our Moods and Intentions Survey, where 78% of respondents were optimistic about the Chinese economy – the highest percentage in the past three years.
  • Early 2020 saw flight activity in Asia-Pacific drop by up to 70%. Since April, the number of flights has been steadily increasing. A big part of that rebound is due to domestic flying, especially within the larger Asia-Pacific countries.
  • If we were looking for an indisputable sign that the recovery was underway, then the number of aircraft transactions completed in the second half of the year would be it.
Asian Sky Quarterly – 2020 Q4

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