WIRE — "The aircraft order backlog is over 18,000. And the average fleet age has reached a record 15.2 years. Moreover, being short over 5,000 more fuel-efficient replacement aircraft that airlines had counted on, means missed efficiency gains, not to mention higher lease rates and increased maintenance costs. In total, supply chain failures cost airlines at least $11 billion in 2025. Today's higher fuel prices will only make that worse," said Willie Walsh, IATA's director general in his report on the Air Transport Industry.
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