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Datawatch

COVID-19 grounds a third of world's planes in hit to leasing market

Analysts worry aviation industry bailouts and 'nationalization' are on the way

An estimated one-third of the global airline fleet has been grounded by the coronavirus pandemic. (Source photo by Reuters)

TOKYO -- The aviation industry has taken a direct blow from the coronavirus, with an estimated 8,600 aircraft -- one-third of the global fleet -- grounded during a month that is normally the high season for vacations.

A total of 383 planes stood idle at Roswell International Air Center in New Mexico, known an "aircraft boneyard," as of Aug. 18, according to Cirium, a U.K. aviation analytics company.

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