New Delhi, Oct. 13 -- Global airlines could face losses exceeding USD 11 billion in 2025 due to supply chain disruptions that continue to delay aircraft production and parts deliveries, according to a new report released by the International Air Transport Association (IATA) in collaboration with consulting firm Oliver Wyman.
The study, titled 'Reviving the Commercial Aircraft Supply Chain', highlights that these bottlenecks are forcing airlines to keep older planes in service longer, increasing operational costs across the industry.
As per an IATA press release, it warns that the slow pace of aircraft production is hurting airlines at multiple levels. With a record backlog of more than 17,000 commercial aircraft in 2024, up from an aver...
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