AerCap CEO: Airlines are buying more used planes as industry faces supply and durability issues

Market Trends & Dynamics - The used aircraft market is experiencing an unprecedented situation where airlines are purchasing over 50% of the aircraft sold, a significant increase from the historical average of 15-20% [1][2] - Airlines are increasingly relying on older aircraft to bridge the gap between demand and supply, primarily due to delays and performance issues with new technology aircraft from OEMs [1][2] Operational Efficiency & Cost - The industry is questioning the overall value proposition of new, more efficient aircraft due to higher maintenance costs, increased downtime, and operational complexity [3][4] - Operational simplicity and standardization are crucial for airlines to drive profitability; factors that disrupt these aspects can hinder financial performance [3][4] Technological Development & Investment - Engine manufacturers like Pratt & Whitney, CFM, GE, and Rolls-Royce are investing billions to improve engine durability and increase time on wing [5]