Demand for travel continues to rise, particularly in China, where new passenger records were set in the first quarter. Airlines in China flew almost 180 million people in Q1, including 14 million international trips, which is still 22% behind the 2019 international levels.

May 1, 2024 / CEO / receipt, needs a key / Angus Kelly, CEO | earnings call 2024-05-01 | transcript e7e6665b-8ae5-4114-b6a1-c4d88dbb25d9 | chars 2734-3007 | segment 2

This reflects the continued normalization of air travel demand after the events of the past few years and a return to business as usual for AirCap and our airline customers.

May 2, 2023 / CEO / receipt, needs a key / Angus Kelly, CEO | earnings call 2023-05-02 | transcript abf287dd-7eec-4197-8e7d-32a822ca313c | chars 1991-2164 | segment 1

We fully expect that when international travel to China is permitted to fully reopen, there will be a massive surge in demand, which will further bolster both wide-body and narrow-body aircraft demand.

Aug 11, 2022 / CEO / receipt, needs a key / Angus Kelly, CEO | earnings call 2022-08-11 | transcript 7097c26c-d105-4d2f-a6f9-3f56b988fe5a | chars 5097-5298 | segment 5

Many airlines have underestimated the underlying strength of travel demand, having overcorrected on the way down, and are now playing catch-up.

Aug 11, 2022 / CEO / receipt, needs a key / Angus Kelly, CEO | earnings call 2022-08-11 | transcript 7097c26c-d105-4d2f-a6f9-3f56b988fe5a | chars 3517-3660 | segment 3