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The second-hand market for airplanes is booming due to a chronic shortage that has persisted since the pandemic - and fears are growing that Boeing's latest crisis could tighten the squeeze in coming months. The industry is already some 3,000 planes short of what it planned pre-COVID due to pandemic disruption and other bottlenecks at Boeing and Airbus, leasing firm Avolon says. Now, curbs on Boeing production in the wake of a mid-air blowout add to pressures forcing airlines to fly older planes for longer - from engine shortages to supply chains and an abrupt snapback in travel in many parts of the world.
The second-hand
market for airplanes is booming due to a chronic shortage that
has persisted since the pandemic - and fears are growing that
Boeing s latest crisis could tighten the squeeze in.