There is hope on the horizon for the Irish aviation industry as the Government considers the easing of international travel restrictions for mid-July.

Covid has been the single worst event to ever happen aviation globally, but according to an industry expert, it is resilient and there are signs of recovery.

Kieran O'Brien, Lead Advisory Partner in Aviation Finance with KPMG, points to the UK.

"On May 7, the UK announced a green list where people could come back from travel without quarantining, and bookings after that was announced were up 40% on the same time in 2019. Clearly there is a pent up demand, certainly for leisure travel," Mr O'Brien said.

The chief executive of Daa, Dalton Philips, has said that Ireland is the most disconnected country in the EU because of our travel restrictions. He said airlines are being wooed elsewhere.

However, Mr O'Brien does not think the recovery in Irish aviation will take longer than other countries.

"No, I don't think so," he told business news on Morning Ireland.

"The reality is it's a competitive sector and it's a strategically important sector to every country and having large airlines in place is hugely beneficial to the economy in terms of jobs and connectivity."

He highlighted Ireland's position as a leader in aviation particularly in airlines and leasing.

"I'd be very positive that the skills and capabilities and experience would continue to the fore over the next number of years," he said.

"There will be changes and restructuring of the sector but I do think the skills and experience will ultimately win out. We are very innovative nation in aviation and that will continue," he added.

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On research done by the aviation consultancy IBA, around 130 new airlines have registered in Europe.

Mr O'Brien said now is probably a positive time to start an airline. "If you are a new start-up and you don't have legacy debt or issues then clearly it's a good time and we have always seen people start airlines but I think it's a huge number."

"The more established airlines will be back and that will change the cost structure so it's unlikely that the 130 will still be here in a few years time, but we will have new players in the market which will make it more competitive. That's a good thing for the consumer in the long run."