Aircraft deliveries to increase to $100bn in 2024, Avolon

Commercial jet aircraft deliveries are expected to increase from $78bn in 2023 to an estimated $100bn in 2024, Avolon has found in its 2024 outlook report. With over 1,200 aircraft delivered in 2023, the report expects deliveries to rise to over 1,450 aircraft in 2024. Though, the production boost may be affected by supply chain pressure and regulatory oversight. India, Saudi Arabia, and the UAE are noted as emerging key drivers of growth for aviation industry. With a shortage in new deliveries available for lessors, the secondary market is being turned to more as lessors without orderbooks compete for sale