Billionaire real estate investor Barry Sternlicht says he expects at least one bank failure per week due to real estate loans: ‘That’s a fragile animal right now’

2024-05-09 01:51:00+00:00 - Scroll down for original article

Click the button to request GPT analysis of the article, or scroll down to read the original article text

Original Article:

Source: Link

(Reuters) -The head of aircraft leasing giant AerCap predicted that tightness in global jet markets would last through the rest of the decade, fuelled by supply chain issues and conservatism on production among engine makers. "I believe it will take until the end of the decade before the airframers and the supply chain get together and work it out; that will be 2030, I suspect," CEO Aengus Kelly told a company investor event on Wednesday. He was speaking after AerCap gambled on continuing bottlenecks in MRO or repair shops by agreeing to buy 150 new spare LEAP engines from French-U.S. venture CFM, which powers all Boeing and some Airbus narrow-body jets. Reuters