More aircraft are getting dismantled years, if not decades, earlier than expected, industry executives told CNBC. It is the result of a shortage of parts, none more precious and expensive than aircraft engines, that has exasperated airlines and driven up costs for years.
Renting one is ranging from about $160,000 to $180,000 a month, according to IBA data. A competing engine for the A320neo family made by CFM International, a joint venture of GE Aerospace and France’s Safran, is far from a bargain, renting in a similar range of $130,000 to $180,000 a month.
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