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AerCap is seeing little improvement in new aircraft delivery delays and expects the imbalance between demand and supply to continue for “several years.” The latest issue with the Pratt & Whitney Geared Turbofan powder metal contamination will worsen this situation. The imbalance continues to drive demand for current aircraft, the world’s largest lessor said on July 31. AerCap: delivery rates will remain low for years.

It’s certainly not the first time AerCap is raising concerns about new-aircraft delivery rates, and it isn’t the only lessor. CEO Aengus Kelly saw the trend coming a couple of years ago and raised concerns about new-technology engine durability in August 2022. In November and again during AerCap’sfull-year 2022 results presentation in March, Kelly noted that OEM deliveries have been some 1.800 aircraft short of what they had planned for 2019, representing an eleven percent shortage of the world’s fleet.


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