Avolon's 2013 Outlook: "The Dawn of a Golden Age in Aviation", as Asian banks in the ascendance

Avolon leasing's head of Strategy, Dick Forsberg has a perhaps surprisingly bullish outlook on the prospects for 2013.

Noting the often unexpected resilience of the airline industry, he observes that despite an uncertain 2012, "the industry has survived, and in many cases actually prospered, during the past 12 months which once again were filled with economic and financial uncertainty and challenge."

But, "will 2013 be different or should we get used to living in turbulent times?"

In a year when "financing of new deliveries is about to surpass USD100 billion for the first time", Mr Forsberg predicts, among other things:

- Boeing will significantly close the sales gap between 737Max and A320neo;
- Bombardier will sell more turboprops than commercial jets;
- ILFC will still be owned by AIG at the end of the year;
- There will be more consolidation in the aircraft leasing sector; and
- Export credit agencies will approve over USD10 billion of new commitments.