The lessor expects issues affecting aircraft production to persist for several years, resulting in strong demand and upward pressure on lease rates and values.

Australia's progress during the past year has been turbulent at times, as airlines and airports struggled to cope with the rapid return of traffic.

JetBlue in July announced its $3.8 billion deal to acquire ULCC Spirit and has been awaiting regulatory approval, a process Hayes acknowledged was “complex.”

An upturn in commercial deliveries marks turnaround for Bell as the long-delayed certification of the 525 helicopter nears.

Production delays and inflated costs associated with this slow civil aviation recovery could morph into a long-term structural problem.

This comes as the airline posted its first quarterly net profit since before the coronavirus pandemic.

Emphasizing resilience, Daher unveils a 2027 strategy to make the most of airframers’ planned production ramp-up.

Random testing of 2% of arrivals to India covering passengers from all countries will remain in place, intended to detect whether new variants are emerging.