Global air finance summit to take stock of jet shortages, trade risks

Financiers and lessors who make the global air travel industry tick gather for an annual meeting in Dublin on Monday, buoyed by strong lease rates and relatively stable oil prices but facing uncertainty over jet shortages and trade tensions. Ireland is home to the worldwide aircraft leasing industry, which controls about half the world's airline fleet, and the Airline Economics gathering provides an early chance each year to monitor economic and trade risks around the globe. Leasing companies have seen rentals and resale values for jetliners rise as airlines try to meet new demand at the same time as planemakers are struggling to recover from the COVID-19 pandemic. For now, that means good profits for lessors and many airlines, since shortages push up demand and fares. But there are concerns over access to efficient new aircraft as supply chains lack parts and labour. Older second-hand planes have been in strong demand to fill the gap. "The main question for the industry is the speed at which manufacturers will be able to ramp up deliveries. That will determine a lot of other things," said independent aviation adviser Bertrand Grabowski.<br/>