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Podcast: IEN Radio
Episode: Amid Shortage, Airlines Are Leasing Older and Older Planes
Description: Demand for air travel has increased by five percent so far in 2019, but there’s a problem. Airlines can’t keep up, and much of the blame falls squarely on Boeing, whose problems with its 737 Max 8 model has resulted in the grounding of 387 planes since a second deadly crash of the model in March.Airlines are struggling with a few things – for one, they’re delayed. Two, they’re clamoring to lease planes to fill the gaps but competing with every other Boeing customer, meaning lease rates are skyrocketing. And what’s worse is that shortages of rental 737s...