Inflation set to spell higher air fares for travellers, aviation chief warns | Business Post

📆 17/03/2022 14:00:00
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Inflation set to spell higher air fares for travellers, aviation chief warns – LorcanAllen reports.

Ali Ben Lmadani, chief executive of ABL Aviation: ‘Inflation is happening everywhere in the aviation sector right now. And it’s having a domino effect’Picture: Fergal Phillips

Inflation in the price of key raw materials and rising interest rates will mean higher air fares for consumers this year, the head of a global aircraft leasing firm has warned. Ali Ben Lmadani, the founder and chief executive of ABL Aviation, said inflation in the cost of energy, wages, raw materials and components meant airplane manufacturers may be forced to increase their prices for new aircraft.€-EUR

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