Improving Stock Valuation Accuracy in Aerospace Companies

Delta Air Lines Advances Touchless ID and Biometric Technology in Air Travel Delta Air Lines has joined the ranks of major U.S. carriers such as American Airlines, United Airlines, and Alaska Airlines in adopting touchless identification, artificial intelligence, and biometric technologies to modernize the air travel experience. These digital innovations are designed to streamline passenger processing from check-in through arrival, while simultaneously enhancing security and convenience. Implementation of Touchless ID and Biometric Systems Delta has integrated the TSA PreCheck Touchless ID program at key airports including Atlanta (ATL), Washington D.C. (DCA), Denver (DEN), Detroit (DTW), Los Angeles (LAX), New York’s LaGuardia and JFK airports, Portland (PDX), Seattle (SEA), and Salt Lake City (SLC). This technology enables travelers to pass through security checkpoints without the need to present a physical identification card, thereby reducing wait times and limiting physical contact. Complementing this, biometric verification and digital bag check systems have been introduced to further expedite airport procedures, aiming to create a seamless and efficient passenger journey. Leveraging Artificial Intelligence for Personalized Travel In addition to biometric advancements, Delta is employing artificial intelligence to enhance customer service. The Delta Concierge, an AI-powered digital assistant accessible via the Fly Delta app, provides real-time assistance with flight bookings, gate changes, and travel inquiries. By anticipating passenger needs and integrating multiple transportation options, the assistant facilitates smoother navigation through disruptions and complex itineraries. Future In-Flight Enhancements Looking ahead, Delta plans to upgrade its in-flight entertainment offerings by 2026 with the introduction of cloud-based systems, 4K HDR QLED screens, and Bluetooth connectivity for personal devices. These enhancements are intended to elevate the onboard experience by delivering superior visual quality and improved connectivity. Challenges and Industry Context Despite the promise of these technologies, Delta faces challenges related to integrating new systems with existing infrastructure, addressing privacy concerns, and ensuring compliance with regulatory standards. While many passengers appreciate the increased efficiency and security, some remain wary of how biometric data is collected and managed. The airline industry at large is closely monitoring these developments. Southwest and United Airlines are reportedly considering expansions of their TSA PreCheck Touchless ID programs, reflecting a broader shift toward digital transformation in air travel. This technological evolution occurs amid external pressures such as air traffic control staffing shortages and FAA-mandated flight cancellations linked to government shutdowns, factors that have affected passenger confidence and travel behavior. American Airlines has also embraced innovation by introducing a generative AI-powered chat assistant to assist passengers in quickly rebooking flights during disruptions, underscoring the sector’s commitment to leveraging technology for enhanced customer service. As Delta and its competitors continue to invest in touchless and AI-driven solutions, the future of air travel appears poised to become faster, more secure, and increasingly personalized, even as concerns about privacy and system integration remain at the forefront of industry discussions.

Air Europa Announces Major Expansion of A350 Fleet with Rolls-Royce Engines Air Europa has revealed plans to expand its long-haul fleet substantially by acquiring up to 40 Airbus A350-900 aircraft, each powered by Rolls-Royce Trent XWB-84 engines. The announcement, made at the Dubai Air Show, signals a significant strategic pivot for the Spanish airline, underscoring its strengthened partnership with both Airbus and Rolls-Royce. Strategic Shift and Engine Advancements The Trent XWB-84 engine, exclusively designed for the A350-900, is widely recognized for its superior fuel efficiency and enhanced operating economics, making it a preferred choice for airlines operating widebody routes. Rolls-Royce is currently investing £1 billion in upgrades across its Trent engine family, aiming to increase durability by an average of 80%. These improvements are expected to be introduced in 2025, further enhancing the engine’s appeal and operational reliability. Ewen McDonald, Chief Customer Officer for Civil Aerospace at Rolls-Royce, expressed enthusiasm about deepening the company’s relationship with Air Europa. He highlighted the continued popularity of the Airbus A350-900 powered by the Trent XWB-84 and emphasized Rolls-Royce’s commitment to supporting Air Europa’s fleet renewal efforts. Market Implications and Competitive Landscape Air Europa’s decision to pivot towards Airbus marks a notable departure from its historically Boeing-centric fleet, prompting questions among investors and industry analysts regarding the long-term impact on its operational strategy. This move also intensifies competition within the sector, as other carriers such as Etihad Airways and Ethiopian Airlines have recently announced their own expansions of A350 fleets, reflecting strong demand for the aircraft. The rising preference for the A350, driven by its fuel efficiency and the performance of Rolls-Royce engines, presents a challenge to rival manufacturers. Boeing may need to adapt its product offerings to maintain market share as more airlines opt for the A350 platform. By committing to the latest advancements in aircraft technology, Air Europa positions itself to benefit from operational efficiencies but also faces direct competition from other major carriers expanding their A350 presence. As Air Europa embarks on this ambitious fleet renewal, it must navigate a complex environment marked by competitive pressures, shifting market dynamics, and investor expectations. The airline’s success will likely hinge on its ability to capitalize on the operational advantages offered by the A350 and the enhanced performance of the Trent XWB-84 engines, while responding effectively to broader trends in the global aviation industry.

Flydubai CEO Highlights Strategic Airbus Jet Order DUBAI — Flydubai’s recent provisional order for 150 Airbus A321neo jets, valued at $24 billion with an option for 100 additional aircraft, marks a pivotal development for the rapidly expanding carrier. Announced during the Dubai Airshow, the deal underscores a strategic shift as Airbus emerges as a key supplier, ending Boeing’s exclusive hold on flydubai’s fleet since the airline’s inception in 2008. CEO Ghaith Al Gaith attributed the decision primarily to the A321neo’s range and size, which align with the airline’s growing network requirements. Comprehensive Evaluation and Future Prospects Al Gaith emphasized that the selection process was thorough and merit-based, involving careful consideration of both Airbus and Boeing offerings. “The door was never closed, because whenever we go through a process of evaluation, we put everything on the table,” he stated. The CEO highlighted that the Airbus jets met the operational demands of flydubai’s expanding routes, yet he maintained a strong relationship with Boeing, describing the U.S. manufacturer as “almost like my home.” While he expressed confidence in Boeing’s recovery from recent challenges, Al Gaith refrained from confirming whether additional Boeing orders would be announced during the remainder of the airshow. Market Implications and Industry Response The landmark Airbus order arrives amid a complex and evolving aerospace market. Industry analysts have offered mixed reactions, viewing flydubai’s move as a strategic effort to diversify its fleet and enhance operational flexibility. However, the order faces potential obstacles, including supply chain disruptions, price volatility, and regulatory challenges that continue to affect the global aerospace sector. Boeing is expected to respond with intensified marketing efforts and competitive offers to maintain its market share. This shift also carries broader implications for engine suppliers and related industries, as airlines reassess their fleet strategies in response to changing market dynamics. Despite these uncertainties, Al Gaith reaffirmed flydubai’s pragmatic approach and long-term growth focus. “The door has always been open to Airbus,” he remarked, while reiterating his confidence in Boeing’s improving position. As flydubai embarks on its next phase of expansion, the airline’s latest order reflects a commitment to operational efficiency and adaptability in a rapidly changing industry landscape.

Helicopter Alliance Secures Agreement for 12 UH-60 Black Hawk Helicopters with Skyrise Leasing Helicopter Alliance has formalized a contract with Skyrise Leasing, a newly launched aviation leasing firm, for the procurement of 12 UH-60 Black Hawk helicopters. These aircraft are slated for delivery between 2026 and 2027 and will be primarily utilized in aerial firefighting operations. Each helicopter will undergo comprehensive modernization to enhance firefighting capabilities, including the installation of Bambi buckets or water tanks capable of releasing over 4,000 litres per drop. Strategic Context and Market Implications This transaction aligns with a broader trend following the U.S. Army’s Black Hawk Exchange Sales and Transaction (BEST) programme, which has facilitated the divestment of more than 400 UH-60 Black Hawks to civilian operators. Skyrise Leasing intends to leverage the increasing demand for mission-specific leasing solutions, particularly as the threat of wildfires intensifies across Europe and other regions. Patrick Moulay, CEO and Co-Founder of Skyrise Leasing, highlighted the market potential, stating, “We see tremendous growth potential in the international aerial firefighting market with the UH-60 Black Hawk. Given the increasing threat of wildfires across Europe and beyond, the Black Hawk is the ideal platform to combat these disasters. Our mission-driven leasing model gives operators flexible, ready-to-deploy assets to support critical firefighting and emergency response missions.” Ales Kvídera, CEO of Helicopter Alliance, underscored the significance of the partnership for commercial operators seeking dependable Black Hawk leasing options. He noted, “Through this agreement with Skyrise Leasing, we are providing an immediate, full-service offering with UH-60 Black Hawks modernized by Ace Aeronautics, along with aftermarket support, sustainment, and training provided by European Air Services.” Challenges and Industry Impact Despite the promising outlook, the deal presents several operational challenges. Ensuring that the modernization of former U.S. Army UH-60L helicopters meets the specific requirements of end users, such as the Czech police, will be essential. Additionally, managing the supply chain for new dynamic components and engines, alongside navigating regulatory approvals, may affect the programme’s timeline and overall effectiveness. Industry analysts suggest that this agreement could stimulate further interest in UH-60L modernization initiatives and potentially shift demand within the police and emergency services helicopter market. Competitors, including other leasing companies and helicopter manufacturers, are expected to respond by enhancing their offerings to secure comparable contracts, especially in regions where law enforcement and emergency response capabilities are evolving. The collaboration between Helicopter Alliance and Skyrise Leasing highlights the increasing importance of adaptable, modernized helicopter solutions in addressing both natural disasters and public safety challenges on a global scale.

Abu Dhabi Airports Partners with BETA Technologies to Launch Emirate’s First Air Mobility Network Abu Dhabi Airports has selected U.S.-based BETA Technologies to deploy its certified Charge Cube and Battery Thermal Management System, marking a pivotal advancement in establishing the emirate’s inaugural advanced air mobility (AAM) network. This collaboration will see BETA’s electric aviation charging infrastructure installed at Al Bateen Executive Airport (AZI) and Zayed International Airport (AUH), the initial hubs for the UAE’s pioneering air mobility routes. Building the Infrastructure for Air Mobility This initiative follows Abu Dhabi Airports’ recent directive to spearhead the development of public infrastructure, operational frameworks, and commercial readiness for a strategic network of vertiports across the emirate. The first electric vertical take-off and landing (eVTOL) flights are anticipated by 2026, with plans to gradually introduce more than ten public vertiports at key urban and transit locations. BETA Technologies will provide not only its charging and thermal management systems but also onsite technical consulting, equipment installation, maintenance support, and training. The charging system has already been commissioned at Al Bateen Executive Airport, with deployment at Zayed International Airport scheduled to follow. Chad Nichols, Charge Operations Lead at BETA, emphasized the significance of this expansion, stating, “BETA is excited to continue the international deployment of our charging solutions. We believe this commitment to permanent ground infrastructure shows the strength and momentum of our industry. Ours is the world’s first and only certified electric aviation charging and thermal management solution, and we are excited to work with Abu Dhabi Airports to deploy it throughout the region to support electric flights.” Elena Sorlini, Managing Director and CEO of Abu Dhabi Airports, added, “Our collaboration with BETA ensures the robust infrastructure needed to make Abu Dhabi’s air taxi network a commercial reality—safe, sustainable, and built for the future.” Strategic Implications and Regional Competition The development of airport connectivity is regarded as a critical foundation for enabling a functional AAM ecosystem. BETA’s multimodal, interoperable infrastructure is expected to facilitate the adoption of electric aircraft and ground vehicles, positioning Abu Dhabi as a regional leader in the emerging air mobility sector. Nonetheless, the rollout faces potential challenges, including regulatory compliance, technological integration, and the complexities of large-scale infrastructure development. As Abu Dhabi accelerates its efforts, market analysts anticipate heightened investor interest in advanced air mobility solutions. This initiative also intensifies competition with Dubai, which has been advancing its own urban air mobility projects through partnerships with companies such as Archer and Embraer. Both emirates are competing to establish themselves as the UAE’s premier hub for next-generation transportation. This partnership represents a significant milestone in the international expansion of BETA’s charging network, which currently encompasses more than 50 sites across the United States and Canada. With Abu Dhabi Airports and BETA Technologies moving forward, the emirate is poised to bring the future of urban mobility closer to reality in the UAE.

GE Leads Engine Orders at Dubai Airshow 2025 After just two days of the Dubai Airshow 2025, GE Aerospace has emerged as the dominant force in engine orders, securing a substantial share of new deals. The event, which has already surpassed expectations in both scale and activity, highlights a surge in demand for aircraft powered predominantly by GE engines, often on an exclusive basis. This strong performance underscores GE’s prominent position in the current aerospace market. Competitive Landscape and Market Dynamics While GE Aerospace enjoys a commanding lead, its competitors face a more challenging environment. Pratt & Whitney has notably missed out on key Airbus single-aisle orders where it had opportunities to compete, limiting its presence at the show. Rolls-Royce continues to benefit from robust demand for widebody aircraft engines, yet it remains overshadowed by GE’s overall dominance in engine sales. The intense order activity is placing pressure on delivery schedules across the industry, creating difficulties for lessors and operators who lack pre-existing allocations. The surge in orders is, however, a positive development for the broader aerospace supply chain. Financial markets have responded favorably, with GE Aerospace’s stock reaching record highs amid the influx of engine orders and the company’s upward revision of financial guidance. This momentum positions supply chain firms to pursue capital expansion, signaling a strong recovery from the pandemic-induced downturn. Challenges and Emerging Competition Despite its success, GE Aerospace faces significant challenges as global air travel rebounds. Maintaining supply chain stability is critical to meeting demand, particularly for its flagship GE9X engines, which are integral to the expanding fleets of major carriers such as Emirates. Any disruptions or reliability issues could have serious operational and reputational consequences for the company. Meanwhile, competitors are actively seeking to narrow the gap. Airbus and Boeing have announced new deals at the show, aiming to bolster their market positions. Embraer is also emphasizing a pivotal moment for its GTF engines. Additionally, the introduction of a new competitor jet from China at the Dubai Airshow signals a shifting global landscape, introducing fresh competition for GE and other established engine manufacturers. This week at the Dubai Airshow may ultimately be regarded as a defining moment in the commercial aerospace sector’s post-pandemic recovery. The combination of strong market signals, intensifying competition, and supply chain challenges highlights the dynamic environment in which GE Aerospace and its rivals are operating as they navigate the next phase of industry growth.

Etihad Airways’ Airbus Widebody Expansion Supports UK Manufacturing Etihad Airways’ recent order for Airbus widebody aircraft marks a significant boost for the United Kingdom’s aerospace manufacturing sector, underscoring the country’s pivotal role in the global aviation industry amid intensifying market competition. Announced at the Dubai Airshow, the deal includes firm orders for six A330-900neos, seven additional A350-1000s, and three A350F freighters, complementing a previously announced lease of nine A330neos. Deliveries are expected to commence in 2027. Strengthening UK Aerospace Manufacturing Central to this expansion is the involvement of Rolls-Royce, whose engines power all of Etihad’s new aircraft. The Trent 7000 engine exclusively powers the A330neo, while the Trent XWB-97 is fitted to the A350-1000 and A350F models. Both engine variants are assembled and tested at Rolls-Royce’s advanced facility in Derby, a cornerstone of the UK’s aerospace manufacturing landscape. This site supports thousands of high-value jobs and a broad supply chain across the country, reflecting a £1 billion investment programme largely driven by UK engineering expertise. The Trent 7000 engine, operational since 2018, has accumulated over three million flying hours and is currently undergoing upgrades aimed at enhancing durability and extending time on wing, with some performance metrics already tripling. Similarly, the Trent XWB-97 is being improved to double its time on wing in demanding environments by 2028, reinforcing Rolls-Royce’s commitment to innovation and reliability. Beyond engine production, the UK’s aerospace contribution extends to Airbus’s Broughton facility in North Wales, which will manufacture all wings for Etihad’s new A330neo and A350 aircraft. As one of Europe’s largest aerospace manufacturing sites, Broughton sustains thousands of jobs and anchors a network of British small and medium-sized enterprises supplying critical materials, tooling, and precision components. Market Context and Industry Implications Airbus has characterised Etihad’s order as a strong endorsement of its next-generation widebody aircraft portfolio. The A330neo and A350 families offer up to 25% reductions in fuel burn and CO₂ emissions compared to previous-generation models. Both aircraft are certified to operate with up to 50% sustainable aviation fuel (SAF), with Airbus targeting full 100% SAF capability by 2030. This ambition is expected to catalyse further innovation within the UK aerospace sector. Etihad’s fleet expansion occurs within a rapidly evolving and highly competitive market. The introduction of new aircraft types presents operational challenges, including pilot training and maintenance adjustments. Regional competitors such as Flydubai and Riyadh Air have also placed substantial Airbus orders, intensifying competition. Additionally, Air Europa’s transition to the A350 and the adoption of Boeing 737 Max jets by carriers like Flysafair and Air Senegal reflect a broader industry shift towards modern, fuel-efficient fleets, influencing market dynamics and strategic planning. Rob Watson, President of Civil Aerospace at Rolls-Royce, welcomed Etihad’s renewed confidence in the Trent engine family and highlighted the company’s ongoing investment in aerospace technology. Etihad’s order contributes to a global tally exceeding 1,400 A350-family and 1,900 A330-family aircraft, underscoring sustained international demand for aircraft powered by major UK-built components. For the Derby and Broughton facilities, as well as the wider British aerospace industry, Etihad’s commitment represents a substantial economic opportunity and reaffirms the UK’s enduring position at the forefront of global aviation innovation.

Boeing’s Progress on 777X Production Boeing, established in Seattle in 1916, has long been a cornerstone of innovation and reliability within the aviation industry. Its aircraft, from the groundbreaking 707 to the iconic 747 and the widely used 737, have significantly influenced commercial aviation over the decades. However, the company’s reputation has faced considerable challenges in recent years, particularly following the 737 MAX crisis and subsequent manufacturing delays that have affected several programs, including the highly anticipated 777X. Development and Challenges of the 777X Program Launched in 2013, the Boeing 777X represents the latest advancement in the 777 long-range widebody family. Designed to succeed the popular 777-300ER, the 777X aims to deliver a 20% reduction in fuel consumption and emissions, alongside a 10% decrease in operating costs compared to competing long-haul aircraft. Its innovative design also reduces airport noise by 40%, enhancing its environmental credentials. Despite these promising features, the 777X program has encountered persistent obstacles. Structural test failures, engine complications, and evolving certification requirements have repeatedly delayed progress. The first flight of the 777-9 variant occurred in January 2020 at Boeing’s Everett, Washington facility, yet the aircraft remains in the testing phase, having completed over 1,200 flights and 3,500 flight hours. Originally slated for delivery earlier this decade, the first customer handover is now anticipated in late 2027. These delays have imposed significant financial burdens on Boeing. The company has faced approximately $5 billion in late delivery penalties, with analysts from J.P. Morgan warning of a potential additional $4 billion charge related to ongoing 777X setbacks. The financial strain is further intensified by pressure from airline customers, some of whom have explored alternative options amid uncertainty over delivery timelines. Market Demand and Aircraft Specifications Despite the challenges, demand for the 777X remains strong, particularly among Middle Eastern carriers. In 2025 alone, airlines from this region have placed 194 orders for Boeing’s widebody jets. Emirates, a long-standing Boeing customer, reaffirmed its commitment to the program by ordering 65 Boeing 777-9 aircraft at the Dubai Air Show, signaling confidence despite production difficulties. The 777X family is distinguished by its size and efficiency. The two primary passenger variants, the 777-8 and 777-9, rank among the largest in the widebody category. The 777-8 accommodates 395 passengers in a two-class layout and offers a range of 8,745 nautical miles (16,190 km). The larger 777-9 seats 426 passengers and has a range of 7,285 nautical miles (13,500 km). Both models feature an expansive wingspan exceeding 235 feet (71.75 meters) with extended wingtips and a length of 251 feet, 9 inches (76.72 meters). As Boeing continues to address certification and production challenges, the 777X remains a pivotal program for the company’s future. While delays have tested both customer patience and Boeing’s financial resilience, sustained demand from major international carriers underscores enduring confidence in the next generation of Boeing’s widebody aircraft.

Thai Airways Pursues Widebody Aircraft to Strengthen Bangkok Hub Strategy Thai Airways is actively seeking to expand its fleet with additional widebody aircraft as part of a broader effort to reinforce its position as a key regional hub carrier. This strategic shift aims to enhance connectivity through its Bangkok hub amid a challenging environment for Thailand’s tourism sector, which has recently experienced a downturn. The airline’s renewed focus on transit traffic reflects a desire to build a more diversified and resilient business model less dependent on fluctuating inbound tourism demand. Strategic Focus on Transit Traffic and Fleet Renewal At the CAPA Airline Leader Summit – Asia held in Singapore on 30 October 2025, CEO Chai Eamsiri highlighted the importance of boosting transit passenger volumes via Bangkok to mitigate the impact of volatile tourism flows. Following a significant fleet reduction during its 2020 restructuring, Thai Airways is now pursuing the acquisition of widebody aircraft that align with its revised operational strategy. In the near term, the airline plans to increase its number of leased widebodies while negotiating the conversion of existing options to expand its long-term order book. Despite these ambitions, Thai Airways faces considerable challenges in executing its fleet expansion. The substantial costs associated with acquiring and maintaining widebody aircraft, combined with regulatory scrutiny and the complexities involved in integrating new aircraft into operations, present significant obstacles. Industry analysts have expressed doubts about the airline’s financial capacity to sustain such an ambitious renewal program, given its recent restructuring and ongoing recovery efforts. Competitive Pressures in the Regional Hub Market The competitive landscape further complicates Thai Airways’ plans. Rival carriers are simultaneously enhancing their hub strategies and expanding their widebody fleets to capture international connecting traffic. Turkish Airlines, for instance, is aggressively growing its long-haul network with new Boeing 787 aircraft and has acquired a stake in Air Europa to strengthen its European connections. Similarly, Ethiopian Airlines and Etihad Airways are investing in additional widebody aircraft, intensifying competition within the region. As Thai Airways advances its fleet expansion and hub development initiatives, its ability to manage financial constraints, regulatory requirements, and competitive pressures will be crucial. The airline’s success in implementing this strategy will play a decisive role in determining its future standing as a leading connector in Asia’s increasingly crowded aviation market.

Engine Shortages Pose Major Challenge for Airbus A220 Airbus is confronting a significant operational crisis as persistent shortages of Pratt & Whitney Geared Turbofan engines disrupt the production and deployment of its A220 and A320neo aircraft families. The A220, a model highly regarded since its acquisition from Bombardier, now faces a threat to its commercial viability due to ongoing engine reliability and maintenance challenges. Engine Reliability Issues Ground A220 Fleet At the heart of the problem are the Pratt & Whitney PW1500G engines that power the A220. These engines have exhibited durability concerns, including corrosion and powder-metal defects, which have led to premature wear and cracking. Such issues have necessitated more frequent maintenance than originally anticipated. The problem is especially pronounced in harsh operating environments characterized by sandy, humid, and hot conditions, where unscheduled engine removals and repairs have become increasingly common. Consequently, airlines have been forced to ground a substantial portion of their A220 fleets. Data from FlightGlobal in mid-October indicated that 79 out of 367 A220 aircraft—approximately 22 percent—were out of service. The impact extends beyond the A220, affecting the A320neo family and 17 percent of the global Embraer E-190/195 E-2 fleet. According to reports from the Wall Street Journal, by August 2024, 42 percent of A220s had either undergone inspection or were due for one, raising concerns that additional aircraft could be grounded as further defects emerge. Operational and Production Disruptions The engine shortages have compelled airlines to implement drastic measures to maintain operations. Swiss Airlines, for instance, has resorted to cannibalizing parts from its A220-100 fleet to keep its A220-300 aircraft flying. EgyptAir has gone as far as selling its entire A220 fleet, citing persistent engine troubles as the primary reason. These disruptions have also slowed the production and delivery of new A220 aircraft, prompting Airbus to reduce its production targets to 12 aircraft per month for the upcoming year. Labor Strikes Compound Maintenance Delays The crisis has been further exacerbated by labor unrest at Pratt & Whitney. In 2024, approximately 3,000 workers at the company’s Connecticut manufacturing plants staged a 22-day strike, demanding job security, higher wages, and improved retirement benefits. This industrial action significantly delayed engine repairs and deliveries before concluding with a new labor agreement. Industry Response and Future Outlook The ongoing engine difficulties have begun to affect Airbus’s commercial reputation, with some carriers considering alternative aircraft options. While the situation remains serious, it has not yet reached the scale of the operational crises experienced by Boeing in recent years. Pratt & Whitney has announced plans to address the PW1500G engine issues by late 2026, promising technological upgrades and improvements aimed at restoring reliability. Until these measures take effect, Airbus and its customers face a challenging period marked by grounded aircraft, production slowdowns, and operational uncertainty.