Have Engine OEMs Got The Message in Rio?



The Delhi-based low-cost airline, SpiceJet, is to take three Airbus A320ceo aircraft on a damp lease. It has also brought a grounded Boeing 737 MAX 8 back into operation. A damp lease means that the company from which the Indian…


RIO DE JANEIRO — The global aviation industry faces a sharp financial reversal in 2026, with net profits projected to halve compared to last year. Driven by a 70% year-on-year spike in jet fuel prices and severe operational disruptions from…

Rafael Schwarzman, IATA Regional Vice President for Europe, announced at the IATA Annual General Meeting (AGM) in Rio de Janeiro that jet fuel surged past 40% of total airline operating expenses (OpEx). This cost escalation, combined with a marginal 0.8%…
