Airlines Face 30% Surge in Spare Part Costs Amid Ongoing Supply Chain Chaos

Airlines are facing higher costs and delays due to ongoing supply chain issues, which are impacting their ability to meet sustainability goals and provide smooth service. Although passenger traffic has bounced back, shortages in spare parts and longer maintenance times are forcing airlines to keep older planes longer and reduce some services. These challenges are pushing up costs and leading to market share losses, with more delays expected for at least two more years.

By Avi G

IndiGo Co-Founder Rakesh Gangwal Becomes Southwest Airlines Chairman

Rakesh Gangwal, billionaire and co-founder of IndiGo, has been named the new Chairman of Southwest Airlines. Gangwal, who joined the airline's board in July, also bought $108 million worth of Southwest shares. His appointment comes after Southwest settled its issues with Elliott Investment Management, one of its biggest shareholders. Gangwal plans to work with the airline’s management team to improve its financial performance.

By Avi G

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