Air India CEO Campbell Wilson anticipates that the global shortage of aircraft, which is currently hampering airline growth worldwide, will continue for at least the next four to five years.
Boeing has reported a challenging financial year for 2024, with a 14% drop in revenue to $66.5 billion and a net loss of $11.8 billion. In the fourth quarter, the company faced a 31% revenue decline to $15.2 billion, accompanied by a net loss of $3.86 billion.
Boeing announced its delivery results for 2024, confirming a total of 348 aircraft delivered over the year. In the fourth quarter alone, the company delivered 57 aircraft, maintaining a steady output despite industry-wide challenges such as supply chain constraints and delivery delays. This performance highlights Boeing’s ongoing efforts to stabilize production and meet the growing demand for both passenger and…
In October 2024, Air New Zealand reported a 2.1% reduction in capacity compared to the same period in 2023. This decline is attributed to significant engine maintenance challenges, including delays affecting Pratt & Whitney PW1100G-JM engines and Rolls-Royce Trent 1000 engines.
