The chief executive of AerCap, the largest aircraft lessor in the world (AER.N), stated on Friday that the company does not anticipate engine part supply keeping up with demand by 2030. This will likely exacerbate the lack of labor and parts facing aircraft manufacturers.
Aengus Kelly, the CEO of AerCap, stated that although problems with airframe production will be easier to fix, it will be far more difficult to turn things around due to the limited amount of parts needed to produce and repair engines.
“The manufacturers of those parts way back up the supply chain that do the castings are not going to increase that significantly anytime this decade as far as I understand. So I think we will see the engine issues persist through the decade.”
Aengus Kelly, CEO of AerCap
