OCBC Research Group is turning more positive on the aviation sector and is expecting to see a gradual recovery this year, particularly in 2H2021. This comes on the back of positive progress on vaccine developments and distributions.

In its market pulse report dated Jan 15, analyst Chu Peng says, “We believe that the recovery will be led by leisure travel due to strong pent-up demand, but remain cautious on business travel; domestic travel will lead the recovery while international travel will take a longer time to recover due to headwinds from border controls and travel restrictions.”

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