Air India CEO warns of 4-5 year global aircraft shortage

Air India CEO Campbell Wilson has warned that the global aircraft shortage will continue for the next four to five years, primarily due to production delays at Boeing and Airbus. Specific bottlenecks include a scarcity of narrowbody jet engines, premium seating, and fuselage components, which are hindering Air India's modernization efforts following Tata Group's acquisition. The delays have forced the airline to rely on older jets, increasing maintenance costs and complicating expansion plans. Wilson emphasized that all airlines are facing similar constraints, stating, 'We are victims of circumstance.' The competitive leasing market is also exacerbating the situation, with soaring rates making it difficult to secure aircraft. Air India has placed substantial orders for new jets, including 470 aircraft from Boeing and Airbus, but the uncertainty surrounding delivery timelines remains a significant challenge.