Cirium Ascend: Aircraft pricing and engine values increase as availability remains low

With global passenger growth predicted to rise 12% in 2024 (versus 2023 figures), Cirium Ascend Consultancy predicts that ongoing delivery delays and supply shortages may nevertheless continue to impact airlines’ expansion plans. In its 2024 market outlook, Cirium identified that the airlines’ parked inventory now stands at under 2,000 units, nearly 400 of which are GTF-powered A320s (with the 737 MAX 9 almost universally returned to the skies after its imposed grounding). On a rolling average, around 300-400 GTF-powered A320s will be parked at any one time (representing 1.5% of the global single aisle fleet) this year, with peaks of