"The analysis of the data illustrates that new aircraft are needed to service long-term growth in passenger travel demand as well as to replace obsolete equipment," said Tom Captain, Tom Captain, vice chairman, U.S. Aerospace and Defense leader at Deloitte LLP and Global Aerospace and Defense leader at Deloitte Touche Tohmatsu Limited. "The industry does not appear to be overproducing aircraft, as supply and demand seem to be in balance, especially when considering increasing load factors and oversold flight occurrences."
The study analyzed the credit ratings and other factors for 215 airline customers of the five major OEMs producing aircraft, representing $1.9 trillion backlog value and 13,500 aircraft units.
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