The Paris Air Show, a trade event where companies have the opportunity to show off new technology and aircraft, returned Monday after a four-year hiatus. This is during a surge of air travel around the world, and airlines are in need of jets. The biggest question looming is whether Boeing, Airbus, and other suppliers can match the demands. - "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.
- Estimates by aviation analytics firm IBA suggest that more than 2,100 planes could be ordered during the show.
- Turkish Airlines' chairman said the company would look to order 600 aircraft.
- Airlines are preparing for growth as well as looking to replace older planes in their fleets.
- The major challenge is increasing production, as narrow-body jets are sold out for years.
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