The Farnborough Airshow saw an influx of new plane orders on Tuesday despite challenges faced by jetmakers due to supply chain issues and delivery delays. Airbus secured deals with Japan Airlines and Virgin Atlantic, while Boeing received an order from Macquarie Airfinance. Qatar Airways also hinted at a potential large order for wide-body jets towards the end of the year. However, limited deal-making was expected at the event, as both Airbus and Boeing are fully booked for production for the upcoming years and are struggling to increase output due to supply chain problems.
Delays in delivering planes have impacted airlines’ growth opportunities during the post-pandemic travel surge, which some experts believe is beginning to taper off. Airlines like Virgin Atlantic have expressed frustration with the prolonged effects of Covid-19 on the supply chain and are urging their suppliers to expedite production to meet the demand. Boeing had to reduce production levels due to legal issues after a critical component malfunctioned on a 737 MAX 9 aircraft earlier this year.
Japan Airlines finalized an order for a significant number of Airbus A350-900 and A321neo jets to be delivered starting in 2028. Macquarie Airfinance placed an order for Boeing 737 MAX-8 planes to be delivered in 2029-2030. Qatar Airways is contemplating a substantial new order for wide-body jets, along with extending the service life of its current Airbus A380 fleet. Meanwhile, airlines are opting to keep existing planes in service for longer periods while awaiting new aircraft deliveries.
The aviation industry is experiencing unprecedented wait times for engine maintenance due to the delay in new aircraft deliveries, leading to increased costs for airlines. British Airways’ CEO emphasized the importance of staying vigilant on new plane deliveries amidst the ongoing challenges faced by the industry. Despite the obstacles, airlines and manufacturers are working together to navigate through the supply chain issues and find solutions to maintain the growth momentum in the aviation sector.
In conclusion, the Farnborough Airshow showcased the resilience and adaptability of the aviation industry in overcoming supply chain challenges and delivery delays. Airlines and manufacturers are collaborating to address the issues and ensure the timely delivery of new aircraft orders while also extending the lifespan of existing fleets. With growing demand for air travel and the industry’s recovery post-pandemic, stakeholders are committed to finding innovative solutions to enhance efficiency, reduce costs, and meet the evolving needs of the global aviation market.
