Global aviation struggles with lack of planes as summer travel set to hit record levels; leasing market booms in the U.S.
Representational file image. | Photo Credit: AP The global airline industry is facing a summer squeeze, with travel demand expected to surpass pre-pandemic levels while aircraft deliveries drop sharply due to production problems at Boeing and Airbus. Air carriers are spending billions on repairs to keep flying older, less fuel-efficient jets, and paying a premium…