Jet Demand Takes Center Stage at Paris Air Show.
The Paris Air Show returns as airlines are starving for jets to feed the surge in air travel demand. Boeing and Airbus are racing to increase production to meet the demand, but slots for narrow-body jets are sold out for years. Aviation analytics firm IBA estimated that there could be orders for about 2,100 planes during the show as airlines replace older aircraft and prepare for future growth in air travel. However, the production delays have driven up rates to lease both new and older planes as airlines search for other opportunities to boost flights.
