Supply shortages in the aviation industry could last several years -AerCap CEO

Airlines are expected to encounter shortages of planes, engines, and parts for several years as they try to meet the surging demand for travel, CEO of AerCap Aengus Kelly told Reuters. Most aerospace firms see supply chain problems lasting at least 18 months, but Kelly predicts they will extend well into the second half of the decade and will affect production lines as well as repair facilities. Boeing CEO Dave Calhoun echoed these concerns, pointing to the company's order backlog lasting for the next five to six years. He predicts that it would take until end-2024 before plane makers can significantly boost aircraft output.