Manufacturing issues in engines/aircraft across OEMs make for a tight aircraft market globally in CY23/CY24. With fresh issues being discussed in Boeing as well as Airbus, it is more than likely that recovery in aircraft supply will be delayed. Empirically, the aircraft supply models have always underwhelmed in the past for India due to OEM issues (small reason) and weak airline balance sheets (major reason) leading to almost stagnant fleet of ~650-700 aircraft in India for the last four years.