Older versions are close to pre-pandemic levels. New Airbus 320s are going for $355,000, up from $325,000 over that period. New Boeing 737 Max 8 planes are leasing for about $350,000 a month in July, up from $305,000 in January 2020 as the pandemic was beginning, IBA estimates. The production delays have also driven up rates to lease both new and older planes as airlines search for other opportunities to boost flights. Qantas CEO Alan Joyce told CNBC last week that he expects supply chain issues to last into 2025.īoeing and Airbus are scrambling to raise production rates for the coming years to meet that demand. That has limited airline capacity, keeping airfares high. Now that long-haul travel is returning, some airlines could also be looking to expand their fleets of larger, long-range jets.īut customers around the world have been forced to wait longer than expected for new planes as Boeing, Airbus and a web of suppliers around the world try to ramp up output. Slots for narrow-body jets, such as Boeing 737s and Airbus A320s, are sold out for years. The major challenge for manufacturers now is increasing production. The order would be the largest ever for a single airline, though it isn't clear whether that would come together in time for the show. Turkish Airlines' chairman told reporters last month that the carrier is planning to order around 600 aircraft, both wide-body and narrow-body planes. Air India's massive order earlier this year included both Boeing and Airbus jets.

Over the past year, Boeing has logged large orders or preliminary agreements from customers including United Airlines, Saudia and new Saudi carrier Riyadh Air. 'That's creating pressure on the order books - it's creating upward momentum on used aircraft lease rates and forcing airlines to make compromises,' said Andy Cronin, CEO of aircraft-leasing firm Avolon.Īviation analytics firm IBA estimated last week that there could be orders for about 2,100 planes during the show as airlines replace older aircraft and prepare for future growth in air travel. The question is whether Boeing, Airbus and their numerous suppliers can catch up. Personal Loans for 670 Credit Score or LowerĪfter all that, the Paris Air Show - a trade event where companies get a chance to showcase new technology, commercial and military aircraft, and strike deals - returns on Monday during a surge in air travel demand, with airlines starving for jets to feed it. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

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