Fortune Sky is Your Go-to Source for the Latest Finance News, Covering Markets, Business, Industries and Internet.
⎯ 《 Fortune • Sky 》

Airlines body urges jetmakers to fix aircraft delivery delays

2023-06-04 21:00
ISTANBUL The head of a group representing global airlines renewed pressure on planemakers to speed up plane and
Airlines body urges jetmakers to fix aircraft delivery delays

ISTANBUL The head of a group representing global airlines renewed pressure on planemakers to speed up plane and parts production on Sunday, warning the delays would curtail airline capacity as demand for air travel nears a full recovery from the pandemic.

Willie Walsh, director general of the International Air Transport Association, told Reuters the topic had been raised by "every single one" of the airline CEOs he had met as the industry gathers for a three-day annual meeting in Istanbul.

Airlines "are not concerned about the macroeconomic environment, they're concerned about the access to spare parts for their existing aircraft and the delivery of new aircraft. So it's definitely got to hold back capacity growth," he said.

"It's frustrating because airlines can see strong demand, but they're not able to match supply with demand in many markets. And this is something we want to see resolved."

Airbus and Boeing have blamed supply chains for delivery delays, while bottlenecks in a network of engine repair shops have also forced airlines to ground dozens of jets.

The gathering comes two weeks before the Paris Airshow, where supply pressures are likely to overshadow new orders.

(Reporting by Tim Hepher, Joanna Plucinska and Aditi Shah; Editing by David Holmes)