Cebu Air, Inc. (CEBUF)

Supply chain strains set to weigh on aviation industry bounce-back

Parts shortages and delivery delays plaguing the global aviation industry are easing, but could take up to two years to resolve, firms at the Singapore Airshow said, adding to the pressures clouding a post-pandemic recovery in travel demand. European planemaker Airbus said it was sending "dozens and dozens" of engineers deep into supply chains to unlock bottlenecks, and aircraft maintenance firms such as Lufthansa Technik said they were stocking more spare parts to mitigate delays. Post-pandemic travel demand has rebounded globally, prompting airlines to order new, more efficient planes to expand networks and cut costs, particularly in Asia Pacific.