Air finance summit tackles jet shortages amid China travel thaw

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Financiers at the center of a $200-billion industry underpinning worldwide airline fleets are meeting in Dublin, gambling that China’s long-awaited decision to free travel will accelerate their recovery while warning of a shortage of jets. | Reuters

“Airlines are not dramatically increasing their frequency to China. It’s going in the right direction but … it’s going to take some time,” said aviation adviser Bertrand Grabowski.

“The bottom line is MRO; they are totally full,” Grabowski said, adding that stored aircraft needed extensive checks. The same is true of aircraft rentals charged by lessors, some of which have on average risen by double-digit percentages over the past 12 to 24 months, according to Morris. Inflation is driving up prices of planes spare parts, while raising questions over the resilience of travel demand.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines