Boeing could reduce deliveries of new jets, adding to an industry-wide shortage: Boeing warned it is likely to reduce deliveries of its 737 Max planes, after facing issues with one of the plane’s spare parts. While not a safety concern, the problem impacts a significant number of undelivered 737 Max jetliners in production and storage. The 737 family accounted for two-thirds of Boeing’s 1Q 2023 revenues, and the issue led to the company’s stock to experience its steepest decline in more than six months. The company has faced a string of production issues as of late, as it looks to ramp up production of its best-selling plane amid a rebound in travel. (CNBC | Bloomberg)

Airlines are repurposing parts from older aircrafts as they wait for new jets: As the summer travel season approaches, airlines are on the hunt for aircraft parts, as new planes from Boeing and Airbus remain in short supply, CNBC reports. The shortage is spurred by a scramble for labor, which is in shortage since airlines shed workers during the pandemic. To meet demand, some aircraft owners are turning to retired planes for parts, the newswire reports.

  • Hong Kong International Airport (HKIA) was the world’s busiest cargo airport in 2022, handling 4.2 mn tons of cargo during the year. (Airports Council International)
  • Piracy hits three-decade low in 1Q 2023: Piracy incidents in 1Q 2023 were at their lowest since 1993, with 27 reported incidents during the quarter, down from 37 during the same period last year, according to data from the ICC International Maritime Bureau. (Seatrade Maritime)
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