Airbus crowned itself as the world’s largest aircraft manufacturer for the fourth time in a row last year. The Europeans delivered more aircraft and also collected more orders than US competitor Boeing. But the Europeans also have slow sellers.

At the end of 2022, Airbus had only eleven orders for the A330-800 on its books – four fewer than at the end of 2021.

Although the A330-900 sells better as the larger variant of the A330 Neo, the larger Neo version does not come close to the predecessor versions of the A330.

All A330 Ceo versions come in the 28 years of production to almost 1500 copies, the Neo versions to almost 300.

However, the older A330s are experiencing a demand boom in the leasing market. According to a study commissioned by Avolon, leasing rates for an Airbus A330 Ceo have increased by 35 percent compared to the pre-Corona period.

It is said that used wide-bodied aircraft are in high demand again at the moment because the international markets are opening up completely.

So there is an urgent need for additional capacity. But due to the pandemic, new planes are hard to come by at the moment. Avolon alone has 51 A330 Ceo in its portfolio.

The Avolon study assumes that almost 1,700 medium-haul and around 700 long-haul aircraft were not built during the pandemic. Problems in the supply chains and staff shortages also prevent production from ramping up quickly.

Another reason why leasing prices are rising is due to the shift in ownership. Airlines have reduced their fleets by around 3 percent since 2019, while lessors have increased their fleets by 17 percent.

Around 53 percent of the global passenger fleet is now managed by leasing companies such as Avolon or Aercap.

To address the shortage, airlines have kept their planned retirements low over the past two years. At the same time, aircraft are leased to bridge the gap, which causes prices to rise.

This article was written by Benjamin Recklies

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The original of this article “Price explosion for Airbus A330” comes from aeroTelegraph.