AerCap CEO Says Aircraft Makers’ Output Delays to Last Years
DUBLIN—The world’s largest aircraft lessor AerCap on Monday warned that delivery problems at Boeing and Airbus were likely to last years and that manufacturers were giving airlines too little notice about delays.
Over-promising and under-delivery is likely to be an issue with manufacturers “for years to come,” AerCap chief executive Aengus Kelly told the annual Airline Economics conference in Dublin.
“The challenge with the OEMs (original equipment manufacturers) today is the short dated nature of how they’re notifying airlines of the delays,” Kelly said.
“If you’re an airline looking towards the summer of 2023, you’ve sold the seats, you’ve hired the crews, you’ve booked the slots and if the airplane doesn’t show up, you’re in real trouble.”…