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Private jet owners are cashing in on a supply chain crunch by leasing their engines to people facing long waits for their own aircraft to be repaired.
The aerospace industry has been plagued by labour and parts shortages since the Covid-19 pandemic, leading to protracted delays in deliveries of engines and aircraft for both private and commercial jets.
Wealth advisers and industry experts said some owners wanted to rent just the engine because they were attached to their customised jet interiors, which can include gold and marble bathroom fixtures and large cinema spaces.
Laura Uberoi, head of private wealth finance at law firm Addleshaw Goddard, said: “It’s…more
Source www.ft.com
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