Supply chain problems and delayed deliveries from aircraft OEMs are pushing carriers to turn elsewhere to secure sufficient capacity for long-term demand.
The U.S. lessor is saying it expects to be compensated by airframers for delayed aircraft deliveries, claiming those companies ramped up production too quickly.
Without the support of lessors during the pandemic, many airlines would not be around anymore. But as the industry rebounds, lessors hope for better returns.
Despite rising interest rates and major uncertainty in terms of geopolitics and aircraft supply, lessor executives at ISTAT Americas were full of optimism.
Aircraft that arrive six months late are not only wreaking havoc on airline schedules, but delays are also painful for lessors in the form of lost growth.
The confirmation of this deal follows extensive discussions between the management of Aer Lingus and its parent company International Consolidated Airlines Group (IAG) over the growth of the Dublin-based carrier’s long-haul network and the value IAG places in Ireland’s growing hub at Dublin Airport, one of fastest growing transatlantic departure markets of the current decade.
