Airlines need to be properly rewarded,  says IATA chief amid supply chain woes

BANGKOK, Nov 15: With supply chain woes continuing to impact aircraft deliveries, IATA chief Willie Walsh on Saturday said airlines need to be properly rewarded as he flagged concerns about talks of original equipment manufacturers planning to increase prices due to tariffs and other issues. The International Airport Transport Association (IATA) represents nearly 350 airlines that account for around 85 per cent of the global air traffic. Speaking at the 69th Assembly of Presidents of the Association of Asia Pacific Airlines (AAPA) here, IATA Director General Willie Walsh said there was huge frustration that the supply chain issues are not getting much better. While airlines are a low margin industry, he said the margins of OEMs (Original Equipment Manufacturers) are high. Taking e