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Low-cost carriers positioned to lead airline industry's recovery

Leasing firm SMBC Aviation predicts tough year despite signs of recovery in Asia

SMBC Aviation Capital warns of credit costs and impairments this year amid a major industry upheaval. (Photo courtesy of the company)

TOKYO -- Airlines are poised for a wave of consolidation amid a tough business environment exacerbated by the coronavirus pandemic, the head of one of Asia's biggest aicraft leasing companies told Nikkei Asian Review.

Peter Barrett, CEO of SMBC Aviation Capital, said there are early signs of recovery in air travel demand in Asia and predicted low-cost carriers will lead the industry's recovery.

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