- renata927
- 2 days ago
- 4 min read
Supply chain issues may cost airlines $11B in 2025: IATA
The International Air Transport Association (IATA) in collaboration with management consultant Oliver Wyman, this week launched a joint study, «Reviving the Commercial Aircraft Supply Chain». Challenges within the aerospace industry’s supply chain are delaying production of new aircraft and parts, resulting in airlines reevaluating their fleet plans and keeping older aircraft flying for extended amounts of time. The worldwide commercial backlog reached a historic high of more than 17,000 aircraft in 2024, significantly higher than the 2010 to 2019 backlog of around 13,000 aircraft per year.
The slow pace of production is estimated to cost the airline industry more than $11 billion in 2025, driven by four main factors: Excess fuel costs, additional maintenance costs, increased engine leasing costs and surplus inventory holding costs. In addition to the mounting costs, supply chain challenges inhibit airlines from deploying sufficient aircraft to meet growing passenger demand. In 2024, passenger demand rose 10.4%, exceeding the capacity expansion of 8.7% and pushing load factors to a record 83.5%. The recommendations include opening up MRO to be less dependent on OEM-driven commercial licensing models; enhancing supply chain visibility to spot problems early; making use of predictive maintenance insights; pooling spare parts and creating shared maintenance data platforms to optimize inventory; reducing downtime and expanding repair and parts capacity
Gulfstream introduces the all-new Gulfstream G300
Gulfstream Aerospace recently announced the all-new, super-midsize Gulfstream G300 at its exclusive customer event in Savannah. During the event, Gulfstream President Mark Burns revealed a mock-up of the G300 and showed photos of the first aircraft in production. The aircraft will replace the Gulfstream G280. The G300 combines trans-Atlantic range with short-field agility, covering 3,600 nautical miles/6,667 kilometers at Mach 0.80 or 3,000 nm/5,556 km at Mach 0.84. The aircraft features the lowest cabin altitude in its class at 4,800 ft/1,463 m when flying at 41,000 ft/12,497 m. This comes alongside 100% fresh air and a plasma ionization air purification system. With two living areas, the G300 accommodates up to 10 passengers.
The G300's Harmony Flight Deck includes synthetic vision, head-up displays, Phase-of-Flight intelligence, and Gulfstream’s Predictive Landing Performance System. Gulfstream has already accomplished nearly 22,000 hours of testing at its lab facilities, which includes an Integration Test Facility (ITF) with Iron Bird capability. The facility completed its “first flight” last month. It has also completed nearly 2,000 ground test hours on the first aircraft as well as started manufacturing two additional test aircraft.
Global Jet Capital publishes annual business jet market forecast
Global Jet Capital this week released its 5th annual Business Jet Market Forecast this week to coincide with the beginning of the National Business Aviation Association (NBAA) convention in Las Vegas. In the report, the company projects continued growth in the industry for the next five years. The forecast also contains insights and projections for the business aviation market through 2029. “The market is seeing increased demand for both fleet-owned and whole-owned aircraft, with year-to-date departures increasing 2.8% in 2025 from year-ago levels. OEMs should steadily increase deliveries to fulfill high backlogs but lead times remain long. Overall, transactions are expected to increase 8.3 percent in 2025, and dollar volume should increase 6.0 percent. Over the next five years, transactions are expected to increase at an average annual rate of 3.9 percent,” Andrew Farrant, Chief Marketing Officer, stated. North America is expected to remain the largest business jet market over the next five years, while Latin America is poised to overtake Europe as the second largest market. To download the Market Forecast, visit: www.globaljetcapital.com/forecast-2025
People: Virgin Atlantic announces Koster as next CEO
The Virgin Atlantic Board this week announced its succession plan for the airline’s CEO, Shai Weiss. After a successful seven-year tenure, Shai will stand down as Chief Executive and leave the airline on 31 December 2025. Corneel Koster will succeed Shai and become CEO on 1 January 2026.
Spanning three decades, Corneel has extensive leadership experience in the sector, holding senior operational and commercial roles at Virgin Atlantic and partners Delta Air Lines, Aeroméxico and KLM. Between 2010 and 2013, Corneel held the position of Director of Operations, Safety and Security at Virgin Atlantic. He re-joined Virgin Atlantic in 2019 as Board Member and Chief Customer Officer, expanding his role to Chief Customer and Operating Officer in 2020. Before Corneel returned to Virgin Atlantic, he was Delta Air Lines’ Senior VP Europe, Middle East, Africa and India (EMEAI), overseeing sales and partnerships in the region. Before joining Delta, as COO for Grupo Aeromexico, Corneel was responsible for the operational excellence and service delivery of the national flag carrier of Mexico. Corneel has also held several commercial leadership roles in the passenger, ground handling and cargo businesses for KLM.
Originating from the Netherlands, Corneel holds an MSc (drs.) in Business Administration from the University of Groningen in the Netherlands. Corneel and his family are settled in the UK, having been in England for 15 years over two separate stints. Besides the Netherlands and the UK, Corneel has lived in Malta, performed a leadership role in Africa, the Middle East and his family also joined him for leadership postings in Hong Kong, Tokyo and Mexico. Corneel, his wife and youngest son reside on the South Coast of the UK, while his other two sons are at University in the UK and studying and working in Japan.
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