Aviation is an extraordinarily resilient industry, and in terms of passenger capacity, it has taken just a few years to fully recover from the devastating grounding that saw most of the world's airline fleet sitting on airport aprons or in the desert. A new report out this week forecasts that 4.7 billion passengers will fly in 2024, more than in any other year, and 1,450 new aircraft will be delivered.
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While Airbus and Boeing are very much planemakers, there are many components on their aircraft that are not produced by them: This includes avionics and, of course, cabin seating. But the aircraft engines also come from external suppliers – and so delays can really impact the final assembly and delivery process.And, well, Airbus’ CEO has disclosed that there are dozens of Airbus jets assembled but waiting for engines.