AviLease, a Saudi Arabia-based aircraft lessor, is expressing confidence in the stabilization of aircraft manufacturing supply chains. Chief Executive Officer Ted O’Byrne projects that industry leaders Boeing and Airbus will overcome current supply challenges within the next four years.
Boeing has released a forecast indicating that the global air cargo fleet will expand significantly over the next two decades, increasing from 2,340 freighters in 2023 to 3,900 airplanes by 2043. This projected two-thirds growth reflects rising demand for air cargo services, fueled by e-commerce growth, global trade, and the need for expedited logistics solutions. Boeing’s forecast underscores the resilience and expansion potential…
TAROM, Romania’s national airline, has announced its 2023 financial results, reporting a net loss of $18.7 million. Despite the loss, TAROM experienced a 21.7% increase in total revenues, reaching $384 million. The airline’s revenue growth reflects a recovery in travel demand; however, financial challenges persist as TAROM continues to work toward sustainable profitability.
