Aircraft demand is not the issue; supply is, Rob Morris

The supply chain shortage will continue to pose issues for airlines, lessors, and financiers into 2024, warned head of global consultancy at Cirium Ascend Consultancy Rob Morris at the opening of the 2024 Dublin Growth Frontiers conference. With consistent shortage of aircraft, costs and fares are expect to continue to rise. Furthermore, with the 737-9 MAX door plug blast incident earlier in January 2024, the aviation industry can expect the supply chain issue to be further complicated with the US Federal Aviation Administration (FAA) grounding 737-9 MAX aircraft and launching an investigation into Boeing’s manufacturing. Demand, however, remains high as